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Updated over 10 years ago on . Most recent reply

User Stats

28
Posts
5
Votes
Gloria Dulan-Wilson
  • Philadelphia, PA
5
Votes |
28
Posts

Finding an investor friendly realtor

Gloria Dulan-Wilson
  • Philadelphia, PA
Posted

I'm new to investing, but not new to real estate; I'm well aware that the agent really is there for the seller, not the buyer - and as a newbie investor I seem to be having a difficult time finding a realtor who is investor "friendly" - who won't leak your info or strategy to the seller and therefore blow the deal (which just happened); or who won't try to stick you with commissions they did not earn.  A realtor tried to get me to sign a commission agreement guaranteeing he would receive a minimum of $3000 per transaction, whether he sold the property, or I sold it; or whether it was sold by other means - i.e, even if the commission turned out to be less than $3000.   He wanted me to make up the difference!  Are there any investment friendly realtors in the Philadelphia, PA area?  I started reading the Handbook for Realtors - I wonder what it would take to get them to read it? Hmmm... Any advice you can give would be greatly appreciated. 

Most Popular Reply

Account Closed
  • Investor
  • South Jersey, NJ
22
Votes |
338
Posts
Account Closed
  • Investor
  • South Jersey, NJ
Replied

Great post,

I understand both sides, but I think it boils down to being a real estate agent does not require many requirements so some will great sales people and others will be not so great.

Also in places like Philadelphia on the lower end sometimes the properties are selling for so cheap that many agents do not want to waste time with such small commissions.

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