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Updated about 11 years ago, 10/20/2013
Real Estate Agent Fee
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?