Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago on . Most recent reply

User Stats

25
Posts
3
Votes
Becky Samuel
3
Votes |
25
Posts

Investor agent question

Becky Samuel
Posted

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! 

Most Popular Reply

User Stats

1,114
Posts
644
Votes
Sam McCormack
  • Real Estate Agent
  • Cincinnati, OH
644
Votes |
1,114
Posts
Sam McCormack
  • Real Estate Agent
  • Cincinnati, OH
Replied

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!

  • Sam McCormack

Loading replies...