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Updated almost 8 years ago on . Most recent reply

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24
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0
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Nirzhar Kar
  • Edgewater, NJ
0
Votes |
24
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Realestate agent needed for a cash offer on a flip?

Nirzhar Kar
  • Edgewater, NJ
Posted

I am going to make some cash offers on some houses to flip so i need to try to save money anyway i can. But i am wondering if i need a realestate agent or not. How much % of the buy does realestate agents get in NJ from the buyers side usually? 

Also if i do decide to do this alone, what things am i going to have to do exactly? I am guessing i have to hire a lawyer to check the title and other things? Also my contractor will go through the as is house for his bid on rehab before i make the offer. So what exactly do i need the real estate agent for that i cant do myself? Stuff like comps i can just use zillow or mls to find myself i assume. (Even though my next thing i am going to do is get my realestate license).

Can someone tell me what % i owe the realestate agent as a buyer? I know it will be included in closing costs but trying to figure out how much . I will be looking to flip in NJ.

Most Popular Reply

Account Closed
  • Johnson City, TN
705
Votes |
586
Posts
Account Closed
  • Johnson City, TN
Replied

if I am selling a property and the buyer brings in an agent then I RAISE my selling price to pay the buyers agent. Don't let anyone kid you that YOUR  representation is free for you.

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