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Updated over 15 years ago on . Most recent reply

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Bienes Raices
  • Orlando, FL
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Using multiple realtors at same time

Bienes Raices
  • Orlando, FL
Posted

Is this considered an OK practice, or should I stick with one? I'm talking about a buyer's agent. I would not be signing an exclusive buyer's agent agreements.

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Don Konipol
#1 Innovative Strategies Contributor
  • Lender
  • The Woodlands, TX
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Don Konipol
#1 Innovative Strategies Contributor
  • Lender
  • The Woodlands, TX
Replied

I know real estate brokers hate to hear this, but my experience in 30 years of real estate investing bears this out. Utilizing one agent on an exclusive basis to find deals results in being presented with any good deals he has and all mediocre deals every other agent has. Utilizing several good agents results in being presented with any good deals all those agents have. Unless an agent has a specialized expertise in a certain area or in a certain property type, the typical property search consists of running an MLS search using certain parameters, emailing you a copy of the results, and asking you to pick which ones your interested in. All of which you can do yourself in less time with half the hassle.

  • Don Konipol
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Private Mortgage Financing Partners, LLC

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