Investor agent question

[Becky Samuel]

Hi, would love your input on finding a real estate agent.  I recently met a local investor agent whose agency seems to have a lot of off market deals to offer, and overall seems like a great agent.  The agent does want an exclusive contract for 6 months, and also charges a 3% buyers fee on all deals because of this extra service of finding off market deals.  I understand the reason for these  requirements, however, in an already tough market I’m worried this extra cost may make it harder to find deals that cash flow.  What are your thoughts on situations like this? Thanks so much! 

[Sam McCormack]

So buying a deal that is on market, you're going to pay, realistically, 6% extra, because there are 2 agents involved. So here you're only paying 1, plus it is an off market deal, so the chances that it is going to be cheaper than a deal on market is much more likely. If a deal is good, it is good! Don't let a good deal by over that 3% you're paying. On market will be more and you're paying for both agents! You got a great agent on your hands!