The Real Estate Investor’s Club brings you a podcast about all things Real Estate. We believe that knowledge is power, and that you can leverage intellectual capital for financial success.
Episodes
Wednesday Mar 01, 2023
Wednesday Mar 01, 2023
Should You Buy Property Without A Real Estate Agent?
Oh boy! I get this question once every two weeks. Many inexperienced buyers think buying without representation is a good way to make money in the buy.
“The listing agent will for sure shave 2% off his commission to help me get a deal, right?”
Big, big LOL.
In this episode, I explain why having your OWN agent can make all the difference when it comes to buying property and why forgoing representation is NOT a fast track to making easy money. I share tips on how to protect yourself and your investment when you buy.
So, if you're thinking about buying property as a newbie investor, you shouldn't miss this episode!
What we learned from Terrie Schauer in this episode:
- The TWO BIG THINGS you need to consider when buying a property without a real estate agent.
- Why you should understand how real estate agents get paid.
- The importance of having your own real estate agent.
- The complexity of a real estate transaction and how you can simplify it.
- How to protect yourself from being ripped off as a beginner investor.
- How to generate a financing refusal and why it’s important.
- The importance of having a ‘Power Team’.
Success Quotes:
"A lot of people think that they can save money by working with a seller's agent directly, and this is a big, big, big mistake.” - Terrie Schauer
Timestamp:
00:00 - Intro
00:54 - The two cases you need to consider when buying a property without a real estate agent.
01:38 - Terrie discusses why working with a seller's agent directly is a BIG mistake.
04:22 - How to protect yourself from being ripped off as a beginner investor with Terrie’s tips.
05:50 - Terrie talks about mortgage financing.
08:04 - Terrie shares how to generate a financing refusal and why it’s important.
11:14 - Terrie highlights the importance of having a Power Team.
13:39 - Terrie shares the personal experiences she’s getting from the newbie investors.
16:28 - Outro
Connect with Us:
Facebook Page: https://www.facebook.com/restateinvestorsclub/
Email: reic@clubimmobilier.ca
Terrie Schauer’s LinkedIn: https://www.linkedin.com/in/terrieschauer/
Terrie Schauer’s Instagram: https://www.instagram.com/terrieschauer/
Terrie Schauer’s “Mindful Landlord” book: https://mindfullandlord.com/
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