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Updated over 15 years ago on . Most recent reply
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How do you deal with a property rep'd by an agent?
Yes, I know. Deal with FSBO's. But, when it seems that the FSBO deals are running thin and most people are signing with agents, it seems that you HAVE to make offers on homes rep'd by an agent.
So, how do you manage that dynamic? If you're going to wholesale the property to another investor, that puts you in a position where you might get called out by the agent. If you get called out, the consequences aren't pretty.
On top of that, the agent is self serving, meaning they will counsel the owner to wait for the highest bid, which undermines what you are trying to accomplish. So describing the economic benefits doesn't seem to play well here.
Whatever advice people have would be greatly appreciated. Thank you.
Erik S. Carrion
Most Popular Reply
I work with wholesalers as an agent and you're not really in competition w each other.. As long as the seller agrees to the sale price - you enter into contract w/ the seller, assign it to someone else, put your fee on the HUD 1, and the seller and end buyer go to closing. It's really not that complicated.