finding a buyer's agent

[Jason Archer]

i am currently in a similar stage in my real estate investment career. I am currently looking for a buyers agents.There are few things i would like to know before i decided on one.

1. how much do buyers agents typically charge for there services.

2. how do i go about finding a buyer agent. are there any websites you recommend or is there a way to find throught BP?

3. Are there any questions i should ask the buyers agent to help verify if he is a competent individual, in helping me achieve my real estate goals.

Any comments or recommandation would be appreciated. Thank you

[Lindsey Kinnsch]

Hey Jason,

Good for you! I would drive around in the area you are looking for property and go into some small real estate companies. Smaller ones can be preferable because they are more hands on and people typically tend to be more experienced. Act like a robot, don't let the salespeople break into you or win you over with their personalities. What's most important is experience!!!

Ask them these 3 key questions- SOOO IMPORTANT IN THIS MARKET!!
1.) Do you list REO's? (If so, they will be hella busy! Way too busy for you!!)
2.) Do you have an assistant of your very own? (This is preferable)
3.) Do you have a Transaction Coordinator? (Good to have)
4.) VERY IMPORTANT! Describe your experience with foreclosures. (Better be intense!!)
5.) How many deals have you closed as a buyer's agent on REO's?
6.) How many deals have you closed as a buyer's agent on short sales?
7.) How many deals have you closed as a listing agent with short sales?
8.) How many Investor clients have you had? Are you used to dealing with typical investor's needs?
9.) Do you have a cashflow calculator or any other tools to help my decision?

Let's face it Jason, in this market you need someone with experience in foreclosures. They are the only things moving, and why would you buy an overpriced property anyway? Make sure your agent is QUALIFIED!!! Or it will be time wasted and dollars lost. Best of luck, keep us posted Jason!

--
Lindsey Kinnsch
Managing Partner
United California Realty
Team Alliance Debt Elimination

The Southland's Most Educated Foreclosure Counselors