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Updated about 8 years ago on . Most recent reply

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11
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Andy Ferguson
  • Eau Claire, WI
4
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11
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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! 

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17,444
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,115
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17,444
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Get your own agent

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District Invest Group
5.0 stars
44 Reviews

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