Need opinion regarding real estate agents, please

[Lilly Kane]

I posted a question about comps about a week ago and the question was primarily to see if the real estate agent I have chosen to help me is the right one or not. When I asked him for comps, he only gave me a couple for each of the houses I'd been considering. He said he could only find one comp for one of them, saying it was the only one he could find that had been fixed up and it was a year old. I don't understand why or how he would have to get one that was rehabbed and didn't send me any other ones for that property.

Here are the next few questions that I asked him and his answers:

My questions:

1. Where, in our market, are 90% of houses being sold?

2. How many sales are cash buyers?

3. Could I get a list of bank owned homes in the area?

4. Can you send me listings of properties on the market 90+ days?

His answers:

1. There is no specific area where 90% of the homes being sold.

2. Cash buyers are only a small fraction of all the buyers.

3. I do not have a list specifically for of bank owned homes - it just goes by price.

4. I can't search for homes listed more than 90 days without pulling up each home and physically looking.

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I'm just starting out and am not real sure if my questions for him made sense or if his answers would be typical with real estate agents.

I'm just curious to see what experienced investors think, thank you for your time and advice!

[Brie Schmidt]

@Lilly Kane Every state MLS is different and has different capabilities. As a broker myself, I could not answer 1 or 2 with my MLS. #3 I could send you bank owned homes that are listed, but not all bank owned homes. You would need to go to each bank and if you have a relationship with them you could get a list. #4 would depend on the MLS capabilities. I can search by market time on mine, but he may not be able to.

Also, to your point about comps. He was right giving you only 1 if it was rehabbed and you were looking at a rehabbed property. No agent should give you comps that were not actually comparable to what you are buying