Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Short-Term & Vacation Rental Discussions
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 4 years ago on . Most recent reply

User Stats

18
Posts
7
Votes
Austin Jones
  • Simpsonville, SC
7
Votes |
18
Posts

Buying a STR without a buyers agent

Austin Jones
  • Simpsonville, SC
Posted
My wife and I have identified a property we are interested in.  I reached out to the sellers agent directly to get more information (YTD income, 2019 income, backstory on property, current market insights, etc).  I'm considering asking the sellers agent to also be our agent if he'll agree to a reduced commission.  My thought is that it'll allow us to make a lower offer if it's clear up front we're saving the seller money on his agent's fees from say 6% to 4%.  Is there anything I'm missing out on by going the dual agency route?  Any risks I'm unaware of? Seems like I've done all of the legwork and just need someone to drag it across the finish line.  Is that really worth $15-$20K?  

Thanks and no offense to the agents here ;) !


Most Popular Reply

User Stats

382
Posts
258
Votes
Jonathan G.
  • Investor
  • Marietta, GA
258
Votes |
382
Posts
Jonathan G.
  • Investor
  • Marietta, GA
Replied

@Austin Jones

Why not have a buyers agent for yourself. Cost you nothing. They are designed to protect your interest. A Dual agent would price the property as high as possible to get the most commission and has no allegiance to you at all. I hope you know all the ins/outs of property closing/ fees / etc otherwise, you’re basically gift wrapping yourself as as an extremely profitable buyer. If I were the seller , I would DEFINITELY advise my agent to agree to your proposal since it would serve my monetary interest and not yours.

Unless you are an experienced buyer, my recommendation would be to get yourself an agent.

Loading replies...