Why I give OPTIONS over Free Labor. #shortvideo #shorts #short #shortsvideo #growth #money #tips

14 Dec 2024 · 1 min

Watch on YouTube

0:51

Steve D Valentine, in a short YouTube clip, warns real estate agents against taking on or facilitating client renovation projects. He argues agents often assume unpaid renovation work or recommend contractors, which creates large liability and client-relations risks (over-budget projects, contractor issues, loss of commission if client fires the agent). He prefers offering clients alternatives/options and discourages owner-occupant flips unless clients plan to stay long-term.

Chapters

We've all. We've been taught to go in one direction, which is you got to get the seller to this price, and that's our only option. And then as agents, we take on the renovation or the partial price. Like, we'll get contractors for him. We'll do all this work. You don't get paid for that. Paid to sell the house. And then if you do all that work and they decide not to hire you as a realtor, they fire you. Where are you at? Give them some options and things. And we want to help and point people in the right direction, but we don't want to facilitate it. Because, by the way, when you take on a client's renovation, you are putting yourself in a massive liability position for a couple of different things. Things. If the budget goes over, the contractors you recommended, all the things. Now you're like, man, I feel guilty. Commissionectomy coming in, and they're pissed at you and they don't want you to sell the house. So these are why I try not to get my clients into the renovation phase unless they're doing it because they're going to live there for a long term. I don't like my clients doing owner occupant flips, because that's really what this is.