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Updated over 17 years ago,

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25
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Agents: Seller or Buyer

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Posted

I'm new to wholesaling and still in the process of researching my market, which means I'm beating the pavement, basically on weekends, seeing as many houses as I can.

I'm learning a lot about the values in my area, and I'm running into a lot of brokers and agents as well. Some of them have started calling me with potential deals - nothing worth pursuing yet, and I'm still educating most of them on what a "deal" is to me, but I'm wondering whether the pros here have experience working with both buyer's agents (someone who can scour the MLS, etc.) and alert you when they find something they think might interest you, and a seller's agents, who will call you when they have a listing they think you might be interested in.

I know there are pluses and minuses with both, but here's what I've heard:

1) If you're going to elicit the assistance of a buyer's agent, you should let that person know if you're also having listing agents call you with deals.

2) The listing agent is likely to be more motivated, since they'll get both ends of the commission, but they'll obviously be calling you *only* with their listings, so it will take time to build up relationships with enough of them to keep any meaningful number of leads coming in.

Opinions?

As a side note, thanks to what I've read here, on a couple of other forums, and in the books and courses I've read, I can stop the "BS" pretty quickly and tell these people what a house should be selling for, what kind of repairs it probably needs (at first glance), and what those repairs will cost. Man, I wish I'd known all this when I bought my house years ago.

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