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Updated about 2 years ago on . Most recent reply

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251
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Michael L.
  • Investor
51
Votes |
251
Posts

Are real estate agents bias?

Michael L.
  • Investor
Posted

I recently had a r/e agent tell me that their firm only transact with bank qualified buyers. Is this normal and why only bank qualified?? Or, was that person just being a jerk on a Friday🤷🏼‍♂️?

Most Popular Reply

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987
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Travis Timmons
#2 Buying & Selling Real Estate Contributor
  • Rental Property Investor
  • Ellsworth, ME
2,066
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987
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Travis Timmons
#2 Buying & Selling Real Estate Contributor
  • Rental Property Investor
  • Ellsworth, ME
Replied

Buyers waste the time of agents. I believe that the average buyer looks at 18 houses prior to making an offer. If you can show proof of funds or pre-approval, have a specific criteria that you are looking for in a property, or have a track record/portfolio of other properties to refer to, then the chances that an agent's time will be completely wasted is lower. A high producing agent does not want to give any more free advice or hours...he/she probably spent years working with anyone that would talk to him/her starting out. Any business is the same...I'm 7 years into a traditional business and I only want to work with a specific profile of customer. 6-7 years ago, I'd take on anything because I needed the money so badly. 

The more that you can show that you are ready and serious, the more time and attention that a successful agent will spend time working with you. 

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