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Updated over 5 years ago on . Most recent reply

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Calvin Lipscomb
  • Brooklyn, NY
130
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What Should An "Investor Friendly" Real Estate Agent Do? Thanks

Calvin Lipscomb
  • Brooklyn, NY
Posted

Want to first say thanks for all the support provided by this wonderful in getting through this first deal.

I just want to know what should actually be expected from an agent that claims to be investor friendly or while looking to to work with investor friendly agents.  

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Mark Sewell
  • Investor
  • Houston, TX
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Mark Sewell
  • Investor
  • Houston, TX
Replied

This is still the biggest mystery in the REI universe, at least to me. Honestly I think 'investor-friendly' means nothing more than low-cost & affordable, at least for 90% of the investor population.

Maybe there is a bit more to it.  

I found one, purely by accident, that added serious value by paying for services that she knew I would need, like unlimited professional photography and staging. The staging part especially, because I would have almost certainly blown that off -- she just did it. And we sold the place $15K over the original ARV so it worked. Never even had an open house -- we had multiple offers before the weekend even rolled around.

She offered to cut her commission to 2.5% instead of 3% but I told her she really didn't need to do that.  She did it anyway.  So I am promoting her all over town, so make sure she gets her discount back in spades.

On the buy side, man, that's tough. You can find one that will set up a couple of automated searches for you in the local MLS and keep an eye open, but those are so rare that they eventually just forget about you. And you have be pretty specific as to what you are looking for.

Don't expect them to run comps, find another way to do that on your own, they just don't have time.

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