Who goes and sees your properties when buying off market

Question

As a newbie out of state real-estate investor, I'm wondering who do you hire to do a walk thru of a potential property if you find it off market( without an agent). Do you line up a property manager or pay a fee to a realtor to do the walk-through.

Shane Kelly · Answer

I'm an agent who helps a lot of buyers with these walkthroughs, so I can say that an agent is a pretty common approach. If I'm not incentivised on the backend of the purchase/sale of it, then I charge so I'm not just working for free, but I do exactly what I would do otherwise. I will do pictures, walkthrough, facetime, whatever the client is looking for really. But as people have said above, I've seen PMs do them on occasion, but this is by far the rarest of the bunch as they are usually not focused on this end of the transaction. Most common other than agent is contractor though. Some contractors definitely refuse to do them just because there's not a set thing holding the buyer to follow through, so they don't want to waste their time. But this is not the case for all contractors. If you need me to help with a walkthrough, just let me know. Best of luck!

Eliott Elias · Answer

My contractor. I knock two birds in one stone, a bid, and walkthrough.

Jack Krusinski · Answer

Hi Harris. Either works. I have found agents to be more responsive than property managers.

Property managers are not only well-versed in assessing the condition of a property but can also provide crucial insights about ongoing maintenance and operational aspects. Meanwhile, realtors bring a wealth of market knowledge and can help evaluate the property's potential value.

The typical cost for such services ranges between $75 and $125, which can fluctuate based on distance and the professional's specific fee structure. I hope this provides some clarity and helps guide you in your decision.

Noah Laker · Answer

Property manager is a good choice, but typically they're an Agent too and they want to get paid for this. Without using a licensed agent, I'd hope you have a great friend in the jurisdiction!

I am a licensed Broker in California (based in Sacramento). We manage over 100 properties, mostly Airbnb, and Sacramento is an awesome stable market. Hit me up if you want to chat about this region.

Account Closed · Answer

Depends on the property. I think PM's will be the ones managing it, so they have a unique perspective and insight regarding what to look for. For any rehab, I would send a local contractor over.

Kerry Noble Jr · Answer

You connect with Boots on the ground. I do this for my out of state partners

Theresa Harris · Answer

Why not get a PM or a realtor?  The realtor will do it for 'free' because when you buy it they get a commission from the seller, so it doesn't cost you anything.

Ranjit Sandhu · Answer

@Harris Constantatos either of them will work or your friend or family member if they are available. They can always face time, right?

Alex Rehman · Answer

When it comes to conducting a walk-through of an off-market property without an agent, you have a few options like PM Companies, independent inspectors, and Realtors but the choice is yours depending upon the budget and specific circumstances of the subject property. Being biased I would refer a PM company because they have a business interest after the deal is done.

Who goes and sees your properties when buying off market

Most Popular Reply