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Updated over 11 years ago on . Most recent reply

User Stats

72
Posts
24
Votes
Derek Caffe
  • Real Estate Broker
  • Austell, GA
24
Votes |
72
Posts

Real Estate Agent Fee

Derek Caffe
  • Real Estate Broker
  • Austell, GA
Posted

I've been searching for an RE agent to make an offer on my first investment property. I found a great agent that says he works with investors exclusively. After talking on the phone once, we meet at a 4plex I picked out to make an offer on. We view the property and I decide to make an offer of $55,000 (asking price $129,900). Here's the email that followed:


I think that a $55000 offer is OK. If you intend to occupy as a primary resident, then FNMA likes that.
Cool?

If so, then I will draft a brokerage agreement and write up the offer, OK?


Now, I'm a newbie in both investing and purchasing a home in general, but for multi-family homes that range from $150,000 - 50,000 a $3,000 agent fee aside from other closing costs seems a bit outrageous. Could I get a word of advice from experienced investors?

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