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Updated about 11 years ago,
Involving a real estate agent on a deal...
Hi guys, I'm new to the BP family and am eager to hear any wisdom you might be able to impart.
I have a deal underway on a multi family in disrepair and is not currently listed. I'm in the process of working up an offer. I am not an agent so do not have access to the local MLS in order to pull comps. I'm also trying to approach this deal with as much information as possible. I'm a contractor and will be handling the repairs and am self financing the deal. The only piece of the puzzle I'm missing is comps in order to establish my ARV.
My questions are...
Do I need to involve an agent in order to do comps?
If I do involve an agent how do I compensate for the work?
What mechanisms can I put into place to prevent an agent from stealing the deal or sharing it with another interested party before it's under contract?
A HUGE thanks in advance!