Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
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 about 8 years ago,

User Stats

11
Posts
4
Votes
Andy Ferguson
  • Eau Claire, WI
4
Votes |
11
Posts

First possible investment ID'd - should I get a buyer's agent?

Andy Ferguson
  • Eau Claire, WI
Posted

I am narrowing down a list of potential 3-4 unit residential properties for my first investment.  I still have some work to do fleshing out exact expenses & rent research, so I'm not quite ready to make an offer - this is more a general question as I approach my first deal:

I don't have an agent selected yet for my team - should I deal directly with the seller's agent or is there some benefit to seeking out a buyer's agent to help present the offer even though I already found the properties? Other properties (non-investment) I have purchased for my business have all been directly buyer-seller or new build, so I don't have experience with agents.  But, I am confident in my negotiating skills and am planning to go in with an all-cash offer of about 65-70% asking price (these are publicly listed properties).  Is the offer (which some may consider low-ball, others not - topic for another discussion) more likely to make it in front of the seller if I have my own agent pushing it?  Or conversely, would seller's agent be more enthusiastic knowing he gets full commission?  Again, I'm asking in general, not for specific deal analysis - I'm sure that will follow!  Thanks in advance! 

Loading replies...