The Real Estate Agent

[Dottie W.]

Here's my question/statement: When wholesaling a property, I find fsbo, vacant or distressed. Then I try to gain access to asses the ARV. Next I call "any agent" and ask if I could meet with them over lunch (my treat) and ask if they could run comps to compare my numbers. So the numbers are adjusted, then I put the house under contract. Where does my agent buddy come in to play? When it's time to go to closing the agent will do what?
Do I need an agent to close or just the seller, me, the buyer & title company? I saw a calculator that had the real estate agents %.  All this research has my stomach in knots.  I just want to find 1 source with the details so I can start. I want a win win for everybody. And yes I'm new......very new. Lol!

[Ned Carey]

Check out the ultimate free beginners guide here under the learn tab above.

You don't need an agent although they can be a great help with comps. The question becomes how do they get compensated for giving you comps. Ultimately you need to learn to find your own comps.  Redfin is a site I have heard that is good.

An agent is not needed for a wholesale deal and quite possibly they would get in the way. Just give the contracts to the title company. That said and agent may be helpful the first deal because they will know the steps of making a deal happen. just make sure it is an agent that understands investor deals.