Negotiating with RE agent

[John Rodriguez]

We're looking to purchase our first investment property here in the burbs near chicago. We want to approach a RE agent to make offers for us on HUD properties.

I'm capable of researching my own properties and handling the other duties a buyer's agent normally would do, so basically they would only be submitting my offer. In return for a commission with minimal effort, I was thinking of asking for a certain percent back in the form of paying for some of my closing costs.

Anyone ever work a deal with an agent like this? Suggestions on how much percentage would be a fair offer?

[Brian Chastain]

You would be shocked the amount of leg work that goes into submitting HUD bids and pushing them through to close. Most of the time the gross commission is $1250. For that, your agent has to ensure that the EM check gets to the title company within 24 hrs., all paperwork is filled out correctly (even 1 mistake negates the contract), coordinating the close,....

Bottom line, if you do find an agent that would agree to this arrangement you probably don't want them as your agent.