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Updated over 10 years ago,
Value of a good agent (newbie info)
I have listened to nearly all of the 70+ BP podcasts and some investors use agents while others do not. I have found that as a new investor, my agent has been absolutely critical to my success. He was able to identify good properties once I had my parameters dialed in better (initially I was casting too wide of a net). But that was just the beginning. He has been able to broker deals for us even though our bids are far lower than other potential buyers. This happened on both houses that I am buying next week. He was also able to gain concessions on one of the houses as a result of serious unaccounted for electrical issues. This is all within a market where nearly every house that is listed ends up in contract by the next day with an over asking price bid. He is also full service and literally does everything for me. He also has tons of construction and professional contacts that I am able to take advantage of. He is available all the time and uses technology to our advantage in closing deals and communicating. He is also very outgoing, friendly and honest and he is able to use that to his advantage in gaining critical information about neighborhoods, properties, sellers, etc. He has earned his commission in a big way.
If anyone reading this needs a spectacular agent in Denver, then PM me.