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Updated almost 5 years ago on . Most recent reply
RE agent in Cleveland working w/ out of state investors
Hi there!
We're coming to Cleveland this coming weekend (6th through 8th of March). It will be our first visit. A realtor was supposed to take us around for the weekend but we have to switch because we understand after the last call we had today that she isn't used to working with investors.
We therefore need a professional in the Cleveland area used to working 1) with people looking for buying an investment property and not a primary residence (emotion vs numbers) 2) people who even if they're working hard to understand the city's geography don't know the area like the back of their hand and need guidance and insight of an insider, who need someone who pro-activily suggests potential interesting neighborhoods that make sense for the project and doesn't wait for the buyer to ask what about here? what about there?) 3) people that need effectiveness, that want to receive relevant listings and not listings that don't make sense in terms of location and/or price (= waste of time to study that). I'm from a different country and I'm not used to having a buyer broker so maybe I'm not clearly understanding what a buyer broker is supposed and not supposed to do. Though, I have other reasons to think the lady we now have doesn't meet our expectations to be part of our team. If anyone has a name in their sleeve to share, that'd be great. We're a bit defeated because it is quite urgent!
Most Popular Reply
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This is going to sound harsh but your expectations are way off track. Sure, you should be working with an investor-focused agent, but don't expect them to do your job for you. There are so many out-of-state investors who don't take the time to do their own homework and there is no shortage of investors who know exactly what they want. That means the latter group are the people who are going to get the deals.
If you don't know which neighborhoods you're targeting by now, then that's on you. It sounds like you never had the conversation about what your criteria are and how you can make the most of the weekend. That's a five-minute conversation that you should have had upfront with your agent. Then, you could have been analyzing deals to see which areas fit your criteria and make the most of the trip by only looking at the most relevant properties.
There are too many active buyers who know exactly what they want to buy and when it comes available they buy it immediately. If you want to be one of them you've got to do your homework!