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Updated over 3 years ago,

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Real Estate Agent Issues

Fred Herschelman
Posted

Hi!

I flip houses for a living.  Lack of supply drove me out of my home state, so I now buy in multiple states.  I buy a lot from Auctions, sometimes I see something I want from Realtor.com.  These are lower priced distressed houses.  I will call the agent or a few agents, put in a full priced or above full priced cash offer.  Many agents don't return calls or aren't interested in writing up offers for smaller amounts.

Any suggestions?  Realtors I work with in the past have no issues obviously.  But it is a struggle working with new agents, a lot of hit and miss.  Some good ones, some ball droppers.  

On another note, if you see something you like, how much higher are you guys going over the asking price?  I assumed 5k was enough.  But in many cases, it is not.  Seems crazy to go 10 or 20 over asking price, why pay more than what you need, but is that what is happening now?  Remember the old days when you could offer 20k below asking and they would take it if it was cash?

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