Here are just a few benefits sellers have of working with Success Story to sell a home:
Most homeowners have no idea what options are available to them beyond listing a house with a Realtor or trying to sell the house on their own and just hoping for the best. We provide a unique alternative to listing their house on their own or with a Realtor.
When we work directly with a home seller, what we provide can not only make for a smooth transaction, but it can also add up to thousands upon thousands of dollars in savings as compared to selling a home through traditional means. Our “out of the box” creative approach to real estate investing is a cut above the rest.
| Traditional Buyer | SUCCESS STORY | |
|---|---|---|
| Method of Payment | Bank Financing | CASH |
| Repairs | 1-8% of Homes Value | None (Sold AS-IS) |
| Closing Timeframe | 45+ Days | 10-14 Days |
| Commissions | 6% of Sale Price | None |
| Seller Paid Closing Costs | 1-6% of the Purchase Price | Zero |
| Appraisal | Mandatory | None |
| Length of Time on Market | 150 Days on the Market (On Average) | 0 Days |
One of the main benefits of working with an investor is the potential for repeat business throughout the course of a year. By working consistently with a successful investor who actively buys and sells properties, you can predict a steady revenue stream based on their level of activity. Although it varies, most real estate agents typically close between 2 to 10 deals per year with investors. A good agent will be able to leverage those deals into even more deals, just by working with the buyers who purchase investment properties.
By acting as a dual agent in a transaction, representing both the buyer and seller, you can earn both sides of the commission. For example, let’s say t hat you as a licensed agent have an REO property listed. Our goal is for the agents we work with to be exc ited to work with us which is why we’re happy for you if you received both sides of the commission. That merely means you were great at your job!
Representing Both Sides Of A Transaction Allows You To Make Double Commission!
are a number of properties in the marketplace needing renovations – anything from cosmetic repairs to full-gut rehabs. Often times, you as the agent are the first contact for sellers behind on payments, who need to sell quickly, or don’ t have equity in their home. These are exactly the types of opportunities we are looking for. If you or someone in your office have these types of listings, we may be able to quickly purchase the homes with CASH. After a few successful transactions, you can utilize that success to gain more exposure in your market and build your credibility as a distressed property specialist – ultimately, increasing your income opportunity.
What ’s In It For You?
A successful and active investor will constantly have an inventory of completely renovated properties; and YOU will have access to that inventory BEFORE that property is listed on the MLS. This creates a great opportunity for buyers – especially a first-time homebuyer, as they would have the chance to purchase a newly renovated and fairly priced property. In some cases, your buyers can also have the benefit of giving input on certain features of their home and choosing custom finishes BEFORE renovations are fully complete. By providing this option to your buyer, it completely differentiates you from other agents – therefore, directly impacting your bottom-line!
Newly renovated vacant properties generate a lot of interest from potential buyers – like a neighbor or anyone else looking for properties priced aggressively and in pristine condition. By acting as a seller’s agent, this creates a great opportunity to host open houses for these properties; allowing you to meet many new potential buyers that you can add to your database, and possibly cultivate as buyer clients of your own.
Successful investors are excellent marketers and generate a lot of leads – many of which are short sales. In most cases, investors aren’t too interested in working with sellers whose properties are over- leveraged and in short sale situations. The short sale process can be lengthy, so many investors prefer to refer those leads to a specialist rather than work with the sellers themselves. This creates a huge opportunity for you to become a “short sale specialist” – by listing these properties and getting the commission when they sell. As a short sale specialist, you also have the opportunity of working with multiple investors, which provides you with more of an revenue stream ten fold!
At Pike Properties, we pride ourselves on having a strong foundation of real estate knowledge and training. Our core business lies within our systems, education and knowledge of the real estate industry. We did not just buy a CD off the Internet and become a real estate investor overnight. We have spent thousands of dollars to learn how to be successful in this business and do it the right way the first time.
By working with us, you can benefit from our knowledge, gain REAL LIFE investing experience and have an amazing opportunity to learn all the ins-and-outs of the other side of real estate. To us, this is invaluable. If you should decide to take interest in becoming more involved directly with real estate investing, there are a few unique opportunities that can create an additional income stream for you – and you can either take a hands on or hands-off approach. Let us know if you’re interested in a possible joint venture opportunity, and we can discuss it in great detail.
In working with us, there are several benefits and different ways you can generate revenue:
Although many of our offers will be typically lower than retail clients, we serve as a great benefit for hard-to-sell properties or those requiring the bank or seller to move quickly. We are also a good fit if you have listings that have difficulty qualifying for traditional financing based on the current condition of the property. We are not the perfect fit for everyone; but for the seller with the right motivation, these features are a necessity.
As an agent working with an investor, you can increase your profit; but not necessarily increase the amount of work you need to do to close each deal. Your goal should be to:
– Bought, Sold, and Owned over 16+ Million in Real Estate in since 2003.
– RENOVATIONS: 28 Bought and Sold
– WHOLESALES: 9 Bought and Sold
– BROKERAGE: 9 Retail Transactions
– SHORT SALES: 3 Fully Negotiated
– CASHFLOWING RENTALS: 34 Purchased
– Motels: 3
– Mobile Home Parks: 8
Since Success Story Real Estate was founded in 2003, we’ve closed over 16 million dollars in real estate transactions. Considering the state of our economy and the challenges of our housing market, this is an achievement that did not come easily.
The reason we share our transaction history is not to impress you, but rather impress upon you the fact that Success Story has the experience and expertise necessary to help anyone find a solution to their real estate needs. Choosing the right company to work with will always be one if the most important steps of that process. So how do you get to over 16 million in closed transactions? One house at a time. Here is a list of a few of our closed transactions since 2003.
OUR TRANSACTION HISTORY |
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|---|---|---|---|
| 314 Westchester Dr. | 26 Forrest Green | 5833 Gilchrest Rd. | 5831 Gilchrist Rd. |
| 5831-A Gilchrist Rd. | 316 Fletcher Ave. | 319 S. Thompson St. | 430 S. Parsons Ave |
| 558 W. French | 906 S. Florida Ave. | 908 S. Florida Ave. | 914 S. Florida Ave. |
| 31446 Skyline Dr. | 1266 Essex Rd. | 31242 Lake Dr. | 8 Lenox Ct. |
| 9 Lenox Ct. | 436 Lisbon Pkwy | 44645 Lake Mack Dr. | 7929 Mariner St. |
| 5202 Cemetery Rd. | 31330 Inez De. | 44015 Jessie Dr. | 251 Anne Ave. |
| 8695 Alexa Dr | 8698 Alexa Dr. | 8684 Alexa Dr. | 438 Cahoon Rs |
| 8125 Old Plank Rd. | 8135 Old Plank Rd | 8110 Albany St | 8120 Albany St. |
| 8130 Albany St. | 8150 Albany St. | 7845 Stuart Ave. | 7853 Stuart Ave. |
| 7861 Stuart Ave. | 7867 Stuart Ave. | 1255 S. Lake Shore Way | 308 S. Thompson |
| 200 Old Daytona Rd. | 802 Arizona Rd. | 1100 W. 3rd St. | 8746 Dandy St. |
| 38820 Tall Dr. | |||
| Palms Mobile Home Park | Hontoon Mobile Home Park | Westport Mobile Home Park | Shady Oaks MH Park |
| Malabar Business Complex | LakeSide Villas Motel | Briarwood MobileHom Park | Malabar Motel |
| Trout River MH Park | Arroyo Mobile Home Park | Happy Time Motel | |
When working with our company, you can be rest assured that we’re very qualified and experienced in fully renovating properties. In order to ensure our success in residential redevelopment, we reached out to learn from the best, developing a close mentoring relationship with the owners of CT Homes, LLC. Since the inception of their company, they have literally remodeled hundreds thousands of homes. We were able to learn from their experiences and immediately implement their techniques here in our backyard. Here are just a few of our past rehab projects:
Here are just a few of our past rehab projects:
PROJECT INTRODUCTION & INTERVIEW:
Gorgeous renovation in the central neighborhood of El Cajon. This 3BR, 2 BA 1 story home is located near Granite Hills High and Wells Park.
REHAB OVERVIEW:
The home needed a few cosmetic repairs and updates throughout including kitchen and master bath. Electrical plumbing upgrades were completed as needed to comply with close regulations.
CONTRACTOR OVERVIEW:
Licensed contractors were hired to complete all renovations
DEMO (EXTERIOR):
GENERAL (EXTERIOR):
| COLOR | LOCATION | COLOR CODE | FINISH |
|---|---|---|---|
| Valspar/Lowes Stone Manor; | Exterior | 6006-2A | Flat |
| Extra White Sherwin Williams | Exterior Trim | 7006 | Flat |
| Black | Front Door/Pergola | ||
| Extra White (Sherwin Williams) | All ceilings | 7006 | Flat |
| Navajo White (Sherwin Williams) | Bathrooms | SW 6126 | Semi Gloss |
| Navajo White (Sherwin Williams) | Laundry, Kitchen, Bedrooms | SW 6126 | Flat |
ROOF:
LANDSCAPE:
WINDOWS:
DEMO (INTERIOR):
GENERAL (INTERIOR):
KITCHEN:
HALL BATH:
MASTER BATH:
BEDROOMS:
PLUMBING:
ELECTRICAL:
HVAC:
General Contracting Work - $33,300.00
All framing, counters, cabinets, paint and patch. fixtures, backsplash, windows and doors.
Appliances - $2,000.00
Stainless steel refrigerator, free standing range, hood and over the range microwave, dishwasher
Electrical - $2,750.00
Install new fixtures; add recessed lighting, replace outlets and switches, panel upgrade
Plumbing - $6,500.00
Install new toilets, facets, shower valves, kitchen sink, garbage disposal, dishwasher, add tub and shower
Landscaping - $2,000.00
Flooring - $1,850.00
Roofing - $4,500.00
Staging (2 month minimum contract) - $1,500.00
Misc. and Permits - $1,500.00
TOTAL - $55,900
Here is a sample scope of work that we use for all of our rehab projects:
WILL I BE REQUIRED TO SPEND A LOT OF TIME DRIVING AROUND SHOWING YOU PROPERTIES TO BUY?
No, not at all! We already know what we’re looking for, and our criteria typically stay the same. While we may need you to let us inside a property once in a while, we wouldn’t ask you to spend your time on wild goose chases.
IS IT WORTH MY TIME TO WORK WITH AN INVESTOR?
Yes! You can automate most of the process so you’re not wasting your time on working on tedious tasks. By working with an investor, you create a very lucrative source of income as well. In a partnership with us, you can earn multiple commissions by representing us as both the buyers and sellers agents.
WHAT KINDS OF OFFERS DO INVESTORS USUALLY MAKE?
Our offers are in cash. They are below retail, but they are also highly valuable because they are cash offers. Some of our offers do get rejected; but, unlike traditional clients who may buy or sell a home once every five years, we make multiple transactions annually.
HOW CAN I WORK WITH PIKE PROPERTIES?
You have the opportunity to become what we call a “triple agent.” When working with Pike Properties, you can act as the buyers agent, the listing agent and the referral agent. In other words, you may be able to earn triple commission on a single deal. Secondly, we will actively send you leads on listings and give you the right to generate more leads by marketing our homes once the renovations are complete. We can also will send buyers to you.
WHAT TYPES OF PROPERTIES DO YOU PURCHASE FROM SELLERS?
We purchase homes in pre-foreclosure, over-leveraged, condemned, liens or health department violations, not maintained, fire damaged, estate sales, stagnant listings, even about to fall down homes - we can buy it!
To generate value, we focus on aggressive project management coupled with the use of highly skilled and professional independent contractors to complete our renovations. In addition, we employ proactive marketing tactics to pre-sell our properties during the rehab stage instead of waiting until the project is complete. This gives us a head start that often enables us to sell our properties before the paint has even dried on them. Successful execution of these strategies rely on the high quality of work performed by our contractors, which is why we put such a high premium on finding the best contractors in the area and then developing long-term, mutually beneficial winwin relationships.
Why Our Model Works
We actively strive to increase homeownership opportunities within the communities we redevelop and improve the quality of life for the people who live in them by providing quality homes for a reasonable price.
