All Forum Posts by: Lakeisha Baker

@Lakeisha Baker

Hi Lakeisha,

I was not surprised to see a bunch of Real Estate Agents and Brokers suggesting that signing a contract with an agent is normal and proper.

My wife and I have purchased 4 homes, all with agents and none with contracts. We have never used the same agent twice and the reason is simple. We buy from the agent that brings us the deal. If we had a contract wIth a single agent we would never be brought the deals we have purchased.

Here is my advice, go to open houses, speak with agents when no other buyers are in the house. If the agent seems good then tell them what you are Looking for, and give them your contact info. Tell them not to bother sending you anything unless 1. It’s a pocket listing 2. It’s pre mls or 1st day mls 3. It’s about to get a price reduction that has not yet been made public.

You need to qualify the deal right away when it’s brought to you. If you know the numbers are not right, tell the agent and thank them for thinking about you. If its a deal be ready to act and use that agent.

We get daily emails from many agents. most are just automated emails with homes sitting on the mls, I ignore these. sometimes I get an email written specifically about a property. These are the ones you need qualify quickly. This is where I get my true deals, I NEVER pass on a deal, if I can’t do it one of my buddies can so it’s always worth the agents time if they have a deal.

The only time a contract is reasonable is when selling a property, and even then it should be very limited.

Best.

Andreas

I have been primarily a buyer over the years and have never signed a buyer's agreement with an agent. They are more likely to bring you a property if they get both sides of a deal and don't have to split the comission. The only time I've signed an agrement is as a seller.

My wife was a realtor and she says that signing a per property agreement is the best way to go in this situation. It protects you from a bad situation if the deal goes bad and it protects the realtor doing that deal so they can get paid. It is a win win for both. You just have to sign more contracts with them since it is a per property agreement.

@Lakeisha Baker

I don't think I would ever sign with just one agent for all the reasons above. If one shines over the rest you may consider using him or her on the front end as the back as an incentive to show you awesome deals in the future. It will cost you a bit more, but a great agent is hard to find sometimes, so it's good to try and keep them happy.😎✌️

You can always call the listing realtor to show properties. You don't need to sign an agreement  for a long time like 6 months. You can sign for a shorter length of time and you can exclude deals you find yourself offline.

Someone who knows what they are doing most likely will pass that offer, but  you can basically find a number of newbie realtors and you can work with them per property basis.