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Updated over 10 years ago on . Most recent reply

User Stats

110
Posts
23
Votes
John Truong
  • Real Estate Investor
  • Houston, TX
23
Votes |
110
Posts

Working with a realtor but buying from wholesaler

John Truong
  • Real Estate Investor
  • Houston, TX
Posted

Hello everybody. I need some advice from the BP community.

A realtor has started to work with me to find a deal.  We have already scheduled a viewing this weekend. Then, this morning I saw a wholesale post that could fit my need. Is it OK (or ethical, etc...) to pursue the wholesale deal? I can only buy one property. So if I get the wholesale deal, the realtor will have wasted his time.

Thank you in advance for your advice.

-John

Most Popular Reply

User Stats

16
Posts
11
Votes
Carlos Aguilar
  • Real Estate Agent
  • Las Vegas, NV
11
Votes |
16
Posts
Carlos Aguilar
  • Real Estate Agent
  • Las Vegas, NV
Replied

Pretty much. The real estate business is very tough for agents. Many agents try to get their clients under an exclusive working contract. Which really doesn't hold any water. Especially if the client feels they are not satisfied with the performance of the agent. So its easy to break. If you have signed agreement. If not , not much to worry about any ways.  The best thing to do is transparent and direct about your goals and ideas. That way you don't waste your time and others.   Let them know you found another avenue that suites your needs. Now, once you explored that and after that you may then realize that you may prefer to work with a professional. Its best to find someone who has the experience and knowledge that help reach your goals. Wholesaling , auctions,bid packages can be  challenging for the single and or the  beginning investor. Once you find that key agent stick with  them and let them do all the work for you. Building a working relationship can be profitable in the long run.  

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