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Updated almost 11 years ago on . Most recent reply
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How did you find your Realtor?
Hello everyone,
I am trying to purchase my first property in the Houston area. I have my financial go lined up and have narrowed down my areas where I would like to purchase a property.
A coworker of mine has several rental properties and recommended her Realtor. I spoke with him and set up for a search on Har.com. We went to look at properties. He works under a company that has both Realtor services and property management services. When showing me the properties he seemed very knowledgeable about things investors should consider and had suggestions about which properties would be a good purchase.
HOWEVER, he has terrible communication skills and I often will not get a response to a text message or email about a property until the next day after contacting him again. I expressed my issues before but today I emailed him and let him know that this wouldn't work after a property I asked to see since Thursday was changed from active to pending.
All that being said,how did you all go about finding a Realtor that is experienced with investors AND understands acting quickly. Honestly, most Realtors will do it willingly but experience is helpful.
Most Popular Reply
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@Denise Mayo-Walley have you signed a Buyer Representation Agreement with this Realtor? Usually Realtors don't take buyers too serious if buyers are not willing to commit and sign the agreement. As a Realtor, one would be working and spending time, gas and tolls showing properties and shooting emails/texts and the customer is not willing to sign a representation agreement and become a CLIENT.
If you haven't signed a representation agreement with this Realtor, then you are only his costumer, not a client and he/she is probably not taking you very serious. Maybe he/she doesn't like communicating, I don't know. When you sit down with this Realtor (or any other), sign the IABS (Information About Brokerage Services), sign the Buyer Representation Agreement (give him/her 15, 30 or 60 days as a test), provide proof of funds and your complete information and that way the Realtor will know you are committed to buying a property and not wasting his/her time driving around to see houses.
Again, I only know one side of the story and I'm just pointing out one reason this Realtor might be acting the way he/she is. If you have signed the representation agreement then you ARE a client and if you are not happy with his/her job representing you, then you can cancel the agreement and move on to the next one.
Good luck and happy investing.