[Indy] Buyer agent that gives 1% rebate?

[Tonghong Chen]

Curious if anyone can recommend a buyer agent in Indy willing to give 1% rebate? Just started looking into the market  and plan to build a $1M+ portfolio through time. Therefore look forward to a long-term relationship 🙂

Main Expectations is as below:

- before offer, get seller disclosure and rent restriction info (if there's an HOA)

- during offer, draft and present offer to seller

- during contract, coordinate with bank, inspector, property manager etc to facilitate the process 

- when approaching closing date, represent me to do a final walk-through and take pictures/videos

I am primarily targeting house priced at $170k-$300k that’s in good condition, so risk of deals should be in general pretty low.

[Brenden Mitchum]

Hey @Tonghong Chen, welcome to the BP community!

I would say it really depends on the agent and your conversation with them. If you come right out the gate asking for them to take a 33% pay cut when closing deals with you, 9/10 agents will say no. That 1/10 agent is not who you want to be working with. However, if you are truly doing as much work as you suggest, that's what I would start out with. If you can show them that their time is better spent with you than another client, they will be happy to work with you. 

However, from the information you have given me, I would honestly pass on working with you (and I work in Atlanta). 

In your last comment you say investors submit the offers and do the due diligence themselves yet on your list of expectations you clearly state this would be mostly the responsibility of the agent. In fact, your list of expectations tell me, as an agent, that I will be doing 90% of the work in this transaction. That is absolutely fine by me, but no way in a million years I'm going to do that for 2/3rds my typical rate. 

By the way, I have multiple repeat, investor clients. Would they complain if I handed them 1% of my commission? Probably not. Would they ever ask me to? No, because they value me as a vital member of their team. The moment a client starts talking about saving money by cutting my commission, they begin to lose my trust. Just as the same would be true if I asked you to take worse returns so that I could get more commission than is typically expected (regardless of my reasonings). 

Like most things in life, you get what you pay for. Pay your team members well and as you would want to be paid if you were in their shoes.  

Also, remember that BP is a fantastic tool to find those team members. With this post, you likely killed your shot at finding a great investor-friendly agent in Indy using these forums.