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Updated almost 8 years ago on . Most recent reply
Buying without real estate agent
Newbie question. In podcast 210, sunny and sunmarie explained that they purchased their quadplex without a buyer agent. They reasoned that it gave them an advantage because listing agent would be getting more commission if seller picked them, no splitting commission.
For experienced investors who are not licensed agents, have you done deals without a buyer agent and if so, do you think you had an advantage in getting those deals? If not, why is their argument not accurate?
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I'm an agent, so my answer might be a little biased, but I don't think it really helps. The agent doesn't pick the offers, and the seller has already signed a contract to give x amount of commission. If there are to offers that are exactly the same, MAYBE the agent could push the owners towards the agent-less offer. If I were a seller I might be more inclined to pick the offer that has an agent to ensure the process went smoother and was more likely to close.