Pro Tips: How to Find Local Developers and Make Connections in the Real Estate Market
Discover how to find local developers, make connections, and expand your real estate business with this proven strategy that works in any market.
Real estate agents often seek opportunities to work with developers. Developers build beautiful new homes, and it’s only natural for agents to want to be a part of these lucrative deals. However, finding developers and making connections can be a challenge. In this blog post, we’ll share a foolproof strategy that works in any market, helping you find local developers and build lasting relationships.
The Benefits of Working with Developers:
Working with developers comes with a unique advantage. When you help a developer purchase a property, you earn a commission. And when they’re ready to sell, you earn a commission again! So, not only do you get the opportunity to work on fantastic projects, but you also enjoy the benefits of a double payday.
The Proven Strategy to Find Local Developers:
To find developers in your area, follow these simple steps:
1. Use Your MLS:
Go to your Multiple Listing Service (MLS) and search for recently built single-family homes. To do this, filter your search by ‘Year Built’ and enter “2022 or newer.” This will provide you with a list of homes built within the last 6-18 months.
2. Investigate the Tax Records:
Click on each property and examine the tax record to determine who owned the property during its renovation or recent construction. You’ll often find Limited Liability Companies (LLCs) listed as the owners.
3. Research the LLCs:
Search the LLCs on Google or hire someone to scrub the list and obtain contact information for the actual owners. This will typically include phone numbers and email addresses.
4. Connect on Social Media:
Once you have the owner’s information, look them up on social media platforms such as Instagram and LinkedIn. Connect with them and start building a professional relationship.
5. Reach Out with a Personalized Offer:
When you have an attractive deal to present, reach out to the developers with a personalized message. For example, say, “Hey Mr. Smith, I loved what you did at 123 Banana St.! I come across deals a few times a month. Would you like to see what I have? I’d love to work with you in the future.”
By following these steps, you’ll likely receive positive responses and begin building your own Rolodex of developers to collaborate with on future projects.
Finding local developers and making connections can be a game-changer for your real estate business. By leveraging your MLS, researching property records, and using social media, you can establish relationships with developers that lead to successful partnerships and increased earnings. Start implementing this strategy today and watch your real estate network grow exponentially.