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Updated over 7 years ago on . Most recent reply

User Stats

129
Posts
16
Votes
Michael P.
  • Marlton, NJ
16
Votes |
129
Posts

Realtor MLS analysis Vs. Utilizing Zillow / Realtor.com

Michael P.
  • Marlton, NJ
Posted

I have been in the market for an investment prop.  I found something.  It's a wholesale deal.  So the buyers agent and sellers agent from the same company, I feel like the obligation to the buyer is not the same when the agents can simply discuss my financial situation and leverage it depend on my pre approval.  Also, is anyone going to do a better analysis on my deal then I would?  For example this agent has not told me if the asking price is good, or look here because this will give you a better return.  My biggest issue is determining is the price is right.  The cash on cash is good, but when its that good, your in the wrong neighborhood.  But I dont mind the neighborhood, prop comes with tenants.

I might just have to get my real estate license for the purpose of leveraging my own offers, and doing the best possible analysis on deals regarding market value. 

Most Popular Reply

Account Closed
  • Boise, ID
2
Votes |
7
Posts
Account Closed
  • Boise, ID
Replied

In general no one is going to do your homework more than you will. Just because buyers agent is suppose to look out for best interests doesn't mean they will. At the end of the day realtors need to close a property to get paid.

If I were you avoid investing in areas you aren't familiar and make sure you are happy with the numbers you see.

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