Building bridges with RE agents

[David Breitzmann]

Hello fellow investors,

I spoke with an RE agent here in Augusta, GA today. As listed agent for two REO's here I called to find out their status. She said they'd been sold and nothing in the inventory, all of Augusta, meets my criteria:

90 -120 DOM
3/2 SFR

We didn't even get to price, she said nothing held in inventory that long. I believed every word have personal knowledge of new constructions in my neighborhood with over 365 DOM. Also, there's an REO right down the street, been there since early October.

I ended by saying "you liar if you find any that meet my criteria, give me a call. I will have a list of potential buyers that would be interested. It could be quite beneficial for you."

If an agent implies they don't want to be bothered at lower price points do you just move on? How do they fit into your networking goals?

[Steve Babiak]

Originally posted by Mark Brian:

... Offer to sign an exclusive buyers agent agreement and the agent will feel safe in sending you info about other agent's listings. ...

IMO, as an investor, you should NEVER sign an EXCLUSIVE buyers agent agreement. You will never be able to work with any other agent after that without having to get that "exclusive" agent paid too.

And if that "exclusive" agent stinks, then you are stuck with them. JUST SAY NO to any agent presenting one of these exclusive buyers agent agreements. And tell them you are already working with other agents as the explanation for why you can't / won't sign one.

BTW - many buyers agents will try to use that type of agreement, so be careful...