As an appraiser, I've dealt with real estate agents for 32 years. Just because they have a license doesn't mean they have a clue about what's going on.
Thank god for the agents that are licensed for both real estate and construction 😄 Being born poor and brown into construction really comes in handy now 😂
Waiving the appraisal contingency makes your offer stronger as you are promising to bridge any appraisal gap. Your buyer may however be concerned you can’t actually cover the gap if you don’t also submit some proof of funds
"When going after distressed on-market properties, go directly to the listing agent and convince them why your cash offer is legit through supporting DATA" As an agent myself, I can respect an offer that is supported by hard and fast data, you can't argue with the facts. Keep up the great work Jerry!
Are you open to working with a wholesaler? I would love to make a partnership where a agent helps bring deals and I help them have a fast closing and we all make money!
I just did this today. $5k offer on a $60k listing. Except after my 10 minute argument, the agent said "OK, I'll send this over to the seller". No fight, just..."that completely makes sense." This is my 1st time after watching hours of your videos.
technically, unless the client specifically says “don’t show me offers under x amount”, its actually against an agents fiduciary duties to fail to show the client an offer. they could get their license suspended for that
These videos are so crucial, this is exactly what new investors look for during their learning process. You break down all the important details and make it simple to absorb information, a lot of other guys throw in so many pointless details not needed this is perfect see it for yourself live stuff. This really helps the fear of not knowing how to react, this also teaches you how to maneuver on these deals when roadblocks pop up. Thank you Jerry, i appreciate your videos I'd love to work on a project with you in NY one day !
JERRY...The LOVE your child displays for you is Divinely Unmistakable❤and Pure. Such a precious site to see him lavish so much love onto his Dad in front of the world for all to see. What a sincerely precious moment that was. May God continue to bless you and your loving Family.
And he has 10 kids! one gets in in the middle of the shooting, but that ain’t gonna stop Jerry! Love your winner attitude💪🏽 as a single dad who’s raising 4 kids you’re an inspiration. We’re still renting but found Flipster and really hope to be able to make some deals soon and get a house for me and the kids! 🙏🏽
I LOVE how your son came in while you were filming! I am a mother of 4 transitioning from the music industry to real estate investing and it can be challenging with little ones so seeing that made me feel comforted that I can do it while still being a mom! Love your videos. Keep them coming.
I wouldn't be surprised if a guy like that who is that ignorant got a couple similar offers and started hanging up on people asking about that property leaving the seller hung to dry.
I’ve had some agents so unwilling to put offers in that I have a separate agent on speed dial that will write up any offer for me and present it. That way they have to present it to the seller, and my agent thinks it’s awesome, they submit offers without getting dragged out to a house and doing CMA’s etc. It’s basically being an acquisitions manager. 🤷
Just to share with you Mark, if the agent has specific instruction from the seller about what kind of offers he/she would entertain then the agent doesn't have to present it to the seller. Such instructions could include offer price limit, certain contingencies, etc. .....
Correction: He's a _self-proclaimed_ jack off all trades, jack of none. This guy's responses made me cringe more than anything else; and his arrogance... 🤮 I'm sure that months from now when the listing expires, he'll blame everyone and everything but he whose reflection he sees in the bathroom mirror every morning. I'm sure coronavirus, i.e., mankind's fall back excuse for not getting anything done since the Spring of 2020 will be at the top of the B.S. Excuses Leaderboard 🤭🤷🤦
My favorite part is when you try for 10k...but they say too low...but when you spell how they overpriced by the comps and cad..and they still dunno how to answer "what do you think is fair?" They just assume a better offer will come, when you already say gl after telling em whats wrong and why.
The agent wasn't doing his job, his job is to present all offer to seller like you said however, the agent wouldn't be doing his job by advising the seller to take your offer as it's so low, the best thing would be is drop the price and let the home sit on the market for one week one market and then accept highest offer. You are correct this is a horrible agent.
Jerry you truly are a master at real estate. I love the way you operate-transparent to all. It’s the only way to be in this industry. Oh this agent either needs to find another line of business or get educated real quick. The agent sounds very uneducated. Thanks for sharing.
So I looked this place up. It actually sold for 75k, so looks like holding out another month was worth it. They made 60k more than had they gone with you. It is currently listed for 215k.
I did a little of my own research. The seller of this property just bought it in March for 50k at a sherriffs sale. Unfortunately they over paid and are trying to off the property on some other unfortunate buyer. Ill be keeping an eye on this property to see what happens. Hopefully Jerry posts another video on it!
nothing worse than dealing with annoying sellers and agents that get emotional and personal. like you don't have to be mean or hostile. just say no and keep it professional. im so sensitive, a bad call will make me give up making offers for the day.
Easier to mail offer directly to sell (info available on web) and add a little note. "Since your agent will not do their job and bring you all offers" I mailed you this driect. The seller will handle the rest.
The price, from the comparables you mention, is "fair", but the prerogative and legal responsibility of the Seller's Agent is to look for the requirements and maximise what the purchase price is of the Seller's property? You are right with the logistics of how you rationalize the pricing of the offer, but he doesn't represent you? That would be a role of a Buyer's Agent. I am inclined to agree with the Seller's Agent, no matter how farcical the pricing of their listing price.
Jerry, you are a flipping genius! I liked the fact that you shared the ARV with the agent to prevent or mitigate the objection to your cash offer before hand...Kudos
I have watched every video you have made and I am officially ready to make my first deal. I am putting everything I have in it and if I go completely broke, I will be able to say I fking tried. Thanks bro I’m all in 👏🏾
Can an agent be more clueless than this one? I can't believe what I'm hearing. He didn't do his homework on the property. He's providing absolutely no value. And all he cares about is looking bad to the seller. This is so ridiculous it's laughable.
Nice! realtors are like a box of chocolates... You never know what you are gonna Get.... JERRY you are a Flipping Genius and I am becoming a Flipping Genius!!!!
This agent doesn't want to sell this house. He wants to buy it but the seller won't sell it low enough. He wants to let it sit to motivate the seller to sell to him at his price. Also love the cameo by your kid😆 I can relate, my 5 y/o was doing the same as I was making an offer this week.
Whatever real estate school this agent and others went to needs to be shutdown asap. This agent is one of the main reasons. Why I dislike 90% of the agent's and realtors out there. You're a better man than me Jerry.
Pitch the offer straight to the seller and tell them their agent is a potato. That's what investors did to me when I was a new agent. I didn't agree with it... but the people writing the checks also write the rules.
I was very confused and I’m less confused now, so thanks. However, I think I may be just be even more Ill informed than I thought because now I have more questions than EVER
Some agents are hardheaded given by ego. If you're an agent and a buyer asked you to present a verbal offer to the seller, present it. What do you have to lose for presenting it. It's solely on the seller's decision. If they don't accept then fine, if they do then you make double commission. So stupid.
Exactly. The seller pointed out exactly the problem. You’re not even the middleman do you like the third or fourth in line you hire out everybody to do everything but somehow you expect everybody to give you a good deal so that you can make money. 😂
Thank you for this video!!! I’m dealer with a seller right now trying to sell a gut, while it’s 3 days jew to market and there aren’t any pictures. Working on my comps now so o can present my findings to the listing agent. The listing agent feels the property can sell for 210K(she sounded like she knew her stuff, but she definitely could’ve been talking out the side of her neck), it’s listed at 85K, I’m thinking a more realistic offer would be 60K considering it’s condition.
That is so cute. He wants your attention dad. Tell Christian thanks for sharing you. I appreciate this content. I have your software now and is ready to go. Thanks a bunch! you are a flipping genius.
I'm new to this and I don't know what I'm doing - YET, but this agent CLEARLY doesn't know what he's doing either. I know you need to know the ARV and comps in the area before assigning a contract (if I'm wrong, I'd love correction) I'm glad you did this call live. #imgladifoundthischannel
As an appraiser, I've dealt with real estate agents for 32 years. Just because they have a license doesn't mean they have a clue about what's going on.
Thank god for the agents that are licensed for both real estate and construction 😄
Being born poor and brown into construction really comes in handy now 😂
I agree. Having a license doesn’t mean becoming an expert without doing many research’s
I lost 2 houses already because the seller wants us to waive appraisal contingency...what's your opinion on that as an appraiser?
Waiving the appraisal contingency makes your offer stronger as you are promising to bridge any appraisal gap. Your buyer may however be concerned you can’t actually cover the gap if you don’t also submit some proof of funds
😂
"When going after distressed on-market properties, go directly to the listing agent and convince them why your cash offer is legit through supporting DATA" As an agent myself, I can respect an offer that is supported by hard and fast data, you can't argue with the facts. Keep up the great work Jerry!
I agree as an agent. If it's a legit offer, submit an offer.
And go to the listing agent!
At least in the old days… he’ll, everything is different and people are so different now.
Are you open to working with a wholesaler? I would love to make a partnership where a agent helps bring deals and I help them have a fast closing and we all make money!
You're a gangsta bro lol. Confidence and knowledge is thru the roof. That was new Orleans agent, I know the accent. I'm from there
I just did this today. $5k offer on a $60k listing. Except after my 10 minute argument, the agent said "OK, I'll send this over to the seller". No fight, just..."that completely makes sense."
This is my 1st time after watching hours of your videos.
technically, unless the client specifically says “don’t show me offers under x amount”, its actually against an agents fiduciary duties to fail to show the client an offer. they could get their license suspended for that
These videos are so crucial, this is exactly what new investors look for during their learning process. You break down all the important details and make it simple to absorb information, a lot of other guys throw in so many pointless details not needed this is perfect see it for yourself live stuff. This really helps the fear of not knowing how to react, this also teaches you how to maneuver on these deals when roadblocks pop up. Thank you Jerry, i appreciate your videos I'd love to work on a project with you in NY one day !
Exactly!!! People are so ridiculous! You have to know how to deal with these types of people.
JERRY...The LOVE your child displays for you is Divinely Unmistakable❤and Pure. Such a precious site to see him lavish so much love onto his Dad in front of the world for all to see. What a sincerely precious moment that was. May God continue to bless you and your loving Family.
And he has 10 kids! one gets in in the middle of the shooting, but that ain’t gonna stop Jerry! Love your winner attitude💪🏽 as a single dad who’s raising 4 kids you’re an inspiration.
We’re still renting but found Flipster and really hope to be able to make some deals soon and get a house for me and the kids! 🙏🏽
UpdateS?
I LOVE how your son came in while you were filming! I am a mother of 4 transitioning from the music industry to real estate investing and it can be challenging with little ones so seeing that made me feel comforted that I can do it while still being a mom! Love your videos. Keep them coming.
Man I really look up to you when you talk so confidently and also look after your kids
Imagine everyone calling this agent and offering the same cash offer 😂
I wouldn't be surprised if a guy like that who is that ignorant got a couple similar offers and started hanging up on people asking about that property leaving the seller hung to dry.
That's not funny.
Jerry, You are a Flipping Genius!!
Lol, great video! That Agent looked like he was pushing buyers away to buy the deal himself. I deal with these guys all day long! lol
I didn’t even think of that! But that’s a good point!
Lot of agents dont have the funds
I’ve had some agents so unwilling to put offers in that I have a separate agent on speed dial that will write up any offer for me and present it. That way they have to present it to the seller, and my agent thinks it’s awesome, they submit offers without getting dragged out to a house and doing CMA’s etc. It’s basically being an acquisitions manager. 🤷
Has it worked?
Just to share with you Mark, if the agent has specific instruction from the seller about what kind of offers he/she would entertain then the agent doesn't have to present it to the seller. Such instructions could include offer price limit, certain contingencies, etc. .....
Everytime I watch one of these "roleplaying" videos I'm amazed out how simple this could be with proper training. Thank you for the education.
Jerry Norton is a straight up G! Love your videos man. You are a flipping genius!
It's obvious he's not a professional realtor or contractor. He's a jack of all trades and master of none.
Sounded like a guy who just left RUclips U.smh
Correction: He's a _self-proclaimed_ jack off all trades, jack of none. This guy's responses made me cringe more than anything else; and his arrogance... 🤮 I'm sure that months from now when the listing expires, he'll blame everyone and everything but he whose reflection he sees in the bathroom mirror every morning. I'm sure coronavirus, i.e., mankind's fall back excuse for not getting anything done since the Spring of 2020 will be at the top of the B.S. Excuses Leaderboard 🤭🤷🤦
@@tomasgonzalez4819 FROM YOUR MOUTH TO GOD'S EAR. Amen brother 🙏.
My favorite part is when you try for 10k...but they say too low...but when you spell how they overpriced by the comps and cad..and they still dunno how to answer "what do you think is fair?" They just assume a better offer will come, when you already say gl after telling em whats wrong and why.
I love how raw these ideos can be with his kids coming up. It just makes me want to watch more
Jerry you ARE a flipping genius! Your level of patience is beyond this world 😂
The agent wasn't doing his job, his job is to present all offer to seller like you said however, the agent wouldn't be doing his job by advising the seller to take your offer as it's so low, the best thing would be is drop the price and let the home sit on the market for one week one market and then accept highest offer. You are correct this is a horrible agent.
Jerry you are a flipping genius and an awesome dad! So loving and kind to your children!
Thank you for always keeping it real Jerry! You’re a flipping genius & an amazing father and husband God bless !
We need updates on this guy.. Please call him back and see what's up.. After a month and it's still up.. We need this 2nd contact
I just found it, it's still up for $79,900.
@@vincentking8267 Andddd still up haha
@@MattLewis_mattglewis LMAO
@@vincentking8267 🥴
Would love an update as well. Looks like a flipper bought for 75k and is currently listed for 215k.
Jerry you make it very easy for beginners to start flipping. Thank you, Jerry, you are a FLIPPING GENIUS.
Jerry you truly are a master at real estate. I love the way you operate-transparent to all. It’s the only way to be in this industry. Oh this agent either needs to find another line of business or get educated real quick. The agent sounds very uneducated. Thanks for sharing.
Jerry, by far the best investor ive seen(ive spent countless hrs) brother. God bless and now its my turn to win
One of my all-time favorite Jerry vids.
Jerry, you the man! ;)
I appreciate you posting these videos regardless of the outcome. Thank you for being real. 👊 this is what it’s like in the real world.
So I looked this place up. It actually sold for 75k, so looks like holding out another month was worth it. They made 60k more than had they gone with you. It is currently listed for 215k.
Did it sell for 215??
@@Pinkfrosting962 more
I did a little of my own research. The seller of this property just bought it in March for 50k at a sherriffs sale. Unfortunately they over paid and are trying to off the property on some other unfortunate buyer. Ill be keeping an eye on this property to see what happens. Hopefully Jerry posts another video on it!
This was fun! Some people just gotta learn the hard way. This is some great content
Info was great! And this kid made it even more valuable
nothing worse than dealing with annoying sellers and agents that get emotional and personal. like you don't have to be mean or hostile. just say no and keep it professional. im so sensitive, a bad call will make me give up making offers for the day.
Chalk it up because people will be people. Don’t let someone else’s issues stop you from being great!
Keep me 6ft away from that realtor ...jerry you’re a f*%#!g Genius
It is fantastic that your son came in to see you while working. Great content!
Jerry you are a flipping genius! I hope to one day meet you and thank you for everything I've learned on your channel!
Easier to mail offer directly to sell (info available on web) and add a little note. "Since your agent will not do their job and bring you all offers" I mailed you this driect. The seller will handle the rest.
Jerry
Very educational and shows opportunities keep posting
David from Arizona
Omgg best video and when you little one walks, omg!! Too cute for words and love the realness!!
jerry you are a flipping genius! thanks for these wonderful videos
Such a great video!! Jerry you are a flipping genius!
The videos are very educational. Thanks. Jerry you are a flipping genius!
Did anybody else think Jerry’s reaction to this agent was priceless?😂
The price, from the comparables you mention, is "fair", but the prerogative and legal responsibility of the Seller's Agent is to look for the requirements and maximise what the purchase price is of the Seller's property?
You are right with the logistics of how you rationalize the pricing of the offer, but he doesn't represent you? That would be a role of a Buyer's Agent. I am inclined to agree with the Seller's Agent, no matter how farcical the pricing of their listing price.
Jerry, you are a flipping genius!
I liked the fact that you shared the ARV with the agent to prevent or mitigate the objection to your cash offer before hand...Kudos
I have watched every video you have made and I am officially ready to make my first deal. I am putting everything I have in it and if I go completely broke, I will be able to say I fking tried. Thanks bro I’m all in 👏🏾
Best of luck bit bro!! That kinda mindset is gonna set you up for success 💪🏽
How did it go
All in
You made this post 10 months ago. How is it going?
I guess he went broke *rip*
JERRY YOU ARE A FLIPPING GENIUS 😂😂
Jerry! You’re a flipping genius
Can an agent be more clueless than this one? I can't believe what I'm hearing. He didn't do his homework on the property. He's providing absolutely no value. And all he cares about is looking bad to the seller. This is so ridiculous it's laughable.
JERRY YOU ARE A FLIPPING GENIUS!!!
Wow. This was great. I’d like to hear an update on the house
Jerry you are flipping genius
Ur guest appearance was awesome!
I'll tell you what, if he can rehab that house for 40k, then I definitely need that connection because I can do that all day.
Your content is worth a billion bucks buddy!
This channel is Gems lol wow incredible, thanks J
Nice! realtors are like a box of chocolates... You never know what you are gonna Get.... JERRY you are a Flipping Genius and I am becoming a Flipping Genius!!!!
This is so hilarious 😂 these videos are so informative and funny all at once !
Jerry you are a flipping genius!
This was great!! Thanks Jerry.
Even though you didn’t get the deal, you still didn’t take an “L.” You are a flipping genius.
Man, I gotta get to Jerry's level. To have that life style
Good info. Think & Grow Rich on the bookshelf 👍 Nice Christus statue. Seen one like it at the Visitor's Center. 😉
This agent doesn't want to sell this house. He wants to buy it but the seller won't sell it low enough. He wants to let it sit to motivate the seller to sell to him at his price.
Also love the cameo by your kid😆 I can relate, my 5 y/o was doing the same as I was making an offer this week.
Thats very correct. I was reading that portion of how higher pricing cant be more difficult for a seller in my real estate book.
I love the baby’s debut lol so cute . Great video :)
Your baby is adorable. He came for his daddy's love
Jerry, you are a genius.
Thanks for the break down and backing it with DATA 🙌
I love how you make them see your logic and calculations. Thanks for the knowledge.
Love the videos Jerry!
Jerry you are a flipping genious!!
Jerry you are a flipping genius
Whatever real estate school this agent and others went to needs to be shutdown asap. This agent is one of the main reasons. Why I dislike 90% of the agent's and realtors out there. You're a better man than me Jerry.
JN...did that property ever sell? Plz do a follow up vid! URA flipping genius!!
Jerry you are a flipping genius! That agent was a true idiot!
Jerry you my sir are a flipping genious!
I swear he be cracking me up with those side looks at the camera. 🤣
Pitch the offer straight to the seller and tell them their agent is a potato.
That's what investors did to me when I was a new agent. I didn't agree with it... but the people writing the checks also write the rules.
wonder why the agent doesn’t just buy it....lmao 🤣
I was very confused and I’m less confused now, so thanks. However, I think I may be just be even more Ill informed than I thought because now I have more questions than EVER
Good thing I have a video for every conceivable question possible.
God bless you Jerry
Thank You for the information!
I hope one day I get the honor to talk to Jerry calling for a listing of mine 😂
Some agents are hardheaded given by ego. If you're an agent and a buyer asked you to present a verbal offer to the seller, present it. What do you have to lose for presenting it. It's solely on the seller's decision. If they don't accept then fine, if they do then you make double commission. So stupid.
Love the breakdown. You should call him back! Lol
I love that little kid 😘 I do have the same just as cute and naughty 😂 … bless you n yours, Jerry 🙏🏻
Great video Jerry
Jerry that was a awesome video!!! I love that you put the REAL stuff out there and not just the successful deals....
That guy was a complete moron
Just following up, did it sell? And what is the damage??
Jerry: it wasn’t about the price- this agent was all about his ego. Some people just don’t know how to leave that at the door while at work!
He thought it was personal when it's just business
Exactly. The seller pointed out exactly the problem.
You’re not even the middleman do you like the third or fourth in line you hire out everybody to do everything but somehow you expect everybody to give you a good deal so that you can make money. 😂
Excellent. I enjoyed it.
Thank you for this video!!! I’m dealer with a seller right now trying to sell a gut, while it’s 3 days jew to market and there aren’t any pictures. Working on my comps now so o can present my findings to the listing agent. The listing agent feels the property can sell for 210K(she sounded like she knew her stuff, but she definitely could’ve been talking out the side of her neck), it’s listed at 85K, I’m thinking a more realistic offer would be 60K considering it’s condition.
That is so cute. He wants your attention dad. Tell Christian thanks for sharing you. I appreciate this content. I have your software now and is ready to go. Thanks a bunch! you are a flipping genius.
I'm new to this and I don't know what I'm doing - YET, but this agent CLEARLY doesn't know what he's doing either. I know you need to know the ARV and comps in the area before assigning a contract (if I'm wrong, I'd love correction) I'm glad you did this call live. #imgladifoundthischannel
“Maybe you should buy it!” 😂
Don’t agents have a fiduciary responsibility to present any offer made to their client?
Unless the seller stipulates otherwise
Hahahah, Jerry said "stupid agent !!!' You ain't lieing.
Haha Jerry it’s a flipping genius seriously!!!
Could I do this the same way when cold calling motivated sellers when u already have the data to tell them why I’m offering at that discount price?
Yeah but you have to understand personality types and know how to come at them in the right way