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Updated 6 months ago on . Most recent reply

Indi Adon's profile image
Indi Adon's profile image
Indi Adon
  • Interior Decorator
  • from CA
  • Member since Apr 12, 2020
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Indi Adon's profile image
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Indi Adon
  • Interior Decorator
  • from CA
  • Member since Apr 12, 2020
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Indi Adon
  • Interior Decorator
  • CA
1
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Is Real Estate Agent Needed?

Indi Adon
  • Interior Decorator
  • CA
Posted

When buying your 1st home/real estate investment is a real estate agent needed on your side? Or what if you personally found home you want to buy without a real estate agent...is it recommend to engage an agent?

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Karl B.'s profile image
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Karl B.
  • Rental Property Investor
  • from Erie, PA
  • Member since Apr 23, 2015
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Karl B.'s profile image
Karl B.'s profile image
Karl B.
  • Rental Property Investor
  • from Erie, PA
  • Member since Apr 23, 2015
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Karl B.
  • Rental Property Investor
  • Erie, PA
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Karl B.
  • Rental Property Investor
  • Erie, PA
Replied

I bought a 4-plex (my first multi-family purchase) without an agent. 

No agent = more leverage with the seller. Why?

Because when the seller realizes he or she is not going to have to pay 6% of the purchase price to an agent I can negotiate a lower price and the seller is more likely to agree.

The process was simple with the guidance of a good real estate attorney.

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