Using my own realtor vs using the Sellers realtor

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Using my own realtor vs using the Sellers realtor

Adam BrammerPro Member
Rental Property Investor · Member since 2018 · 14 posts · 5 votes

Hello BP, I'm fairly new to REI investing and the BP community, but I'm excited to get started and hopefully join in with the rest of you soon!

I've been searching the web and RE sites, and have found a few places out of state where the numbers look really good for cash flow and CoC return, and I'm ready to start viewing the properties and making the next steps.

My question to the community is this; is it better to have my own realtor with me to go through discussions and negotiations, or would it be okay to use the sellers realtor (assuming that is who is listed as the realtor on each site)? I am not sure if they would be more willing to benefit the seller or if they would have both parties in mind.

Any help is appreciated as I start my REI journey!

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Wayne Brooks
Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
7y

Absolutely get your own.....the listing agents job is to sell the property for the best price to any buyer/sucker that comes along. 

 You need an independent opinion on areas/neighborhoods Especially being out of state. 

The better the numbers look, the crappier the neighborhood and the higher the risks. 

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  • Wayne Brooks
    Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
    7y

    Absolutely get your own.....the listing agents job is to sell the property for the best price to any buyer/sucker that comes along. 

     You need an independent opinion on areas/neighborhoods Especially being out of state. 

    The better the numbers look, the crappier the neighborhood and the higher the risks. 

    3Reply
  • Isi NauPro Member
    Real Estate Broker · Mililani, HI · Member since 2016 · 217 posts · 253 votes
    7y

    Hey Adam.  I'd recommend finding your own realtor.  Since you are looking out of state and this will be your first deal, I would definitely recommend getting your own realtor.  As the buyer, their services are free to you, so might as well use them.

    The only time I would use the seller's agent is if there is a financial benefit (i.e. lower purchase price, closing credit, etc.).  I would only recommend using the seller's agent after you've done a few deals and are familiar with the process, so you can tell if/when the realtor is doing you wrong.

    1Reply
  • David Avetisyan
    Rental Property Investor · Glendale, CA · Member since 2013 · 685 posts · 334 votes
    7y

    Given your specific circumstances, I would highly advise you to find a realtor who you can connect with and who can assist you in the journey. 

    To your success! 

    0Reply
  • Account Closed
    Rental Property Investor · Central, FL · Member since 2016 · 950 posts · 821 votes
    7y

    Find you own realtor.  You want someone in your corner not  drooling  Over a double commission. 

    0Reply
  • Russell BrazilBusiness Member
    Moderator
    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
    7y

    Find your own agent....except if its one of my listings, in which case then dont

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    1Reply
  • Theresa HarrisPro Member
    Member since 2019 · 15k+ posts · 11k+ votes
    7y

    Another vote for using your own realtor.  It costs you nothing and you get a second perspective.

    0Reply
  • Anthony Wick
    Rental Property Investor · Ankeny, IA · Member since 2017 · 2k+ posts · 3k+ votes
    7y

    If you're asking, you need your own realtor. When you're more experienced then some people could absolutely do their own negotiating on a deal. I would not trust a listing agent, especially when they tell you the vacancy rate is 0% because all the units are rented out!

    0Reply
  • Nick Rutkowski
    Rental Property Investor · Ithaca, NY · Member since 2015 · 1k+ posts · 1k+ votes
    7y

    @Adam Brammer

    Buyers agents are free, it would be wise to use your own. However, vet the listing agent too. They may be a good agent to work with if they are getting listings. Do your due diligence!

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