Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 15 years ago on . Most recent reply

User Stats

2,498
Posts
281
Votes
Bienes Raices
  • Orlando, FL
281
Votes |
2,498
Posts

Use buyers agent, or make offer directly with listing agent

Bienes Raices
  • Orlando, FL
Posted

Do people use a buyer's agent to find REOs? I can see the use of having MLS access for comps, but, since REOs are a #s game, what's the incentive for a buyer's agent to make 30 or 40 offers for you to get a 3% commission on, say a $40,000 house? Would it be better to skip the buyer's agent and deal directly with the REO's listing agent?

Most Popular Reply

User Stats

15,749
Posts
10,947
Votes
Will Barnard
  • Developer
  • Santa Clarita, CA
10,947
Votes |
15,749
Posts
Will Barnard
  • Developer
  • Santa Clarita, CA
ModeratorReplied

Other than the unresponsive/unprofessional agents out there, I totally disagree. Using a buyer's agent to get great deals on REO's is like using an oven to store your ice cream (it just doesn't work). I am not saying you can not ever get one, but what I am saying is going direct to the listing broker/agent is a much better avenue.

Here it is in black and white, will a listing agent pay more attention to an investor coming in with an offer for the agent to double dip commissions, possibly tripple dip, or one who comes in with a buyers agent where their max is 3%?
The truth is, the top REO agents are looking for the top RE investors with all cash who can come in and give them double dip opps along with repeat business. Money talks! (and this all comes from actual real life experiences and not hypotheticals or assumptions)

Loading replies...