All Forum Posts by: Edward Briley

First of all I make an offer on 3 out of every five properties I am shown, if the Realtor has the time to show me five at a time, which takes about 2 hours. Second is that I am trying to use the same company to buy houses, however, now they want to charge me for making an offer on a home, or a fee at closing ($195 for paperwork processing). Even though I have done over $400,000 in business with them within the last 5 years, (for 3 homes) and have referred over 2 million of business to them in the same time frame. I am on the 3rd agent with them, and I even ask them to give me a new agent, matter of fact the 2nd agent they gave to me, they took her commission for the purchase of the home. However, they did not take it for the selling of the home, but it took about a year for them to sell. They know I have the cash to purchase the properties, but I guess they just don't care. I did put in 2 contracts with them last week, one was rejected, in which I was sure it would have been, and I am waiting to hear on the other one. The listing agent asked that I not submit another offer on a VA repo on the rejected offer, unless it was for the full listing price. Needless to say we could not tour the entire home because of human excrement in the middle of the living room floor that had been sitting there for a while. The home was built in 2004.

Or be your own agent.

To solve that problem for me I bought a small agency. 

Hey Sydney, I am not to that point financially, yet.   I guess that I am not the only one in the world that has to face this problem.   Looks to me that someone would start a business to charge agents a fee to show properties for them, in which I am thinking on checking into doing.  

I sent you an email!!!

 Done that, and do that, has not made a difference. 

I am just wondering how many investors have problems with real estate agents showing low cost real estate?  I buy properties for investment, or to flip, many are properties that are in foreclosure. I have the money to buy the properties in cash, however, I normally offer less than the listing price of the properties.  (I have to make the numbers work). It is very difficult for me to find an agent to show me these properties at times.  No matter if it is the listing agent or another agent.  My normal response is that "I am busy today, maybe I could show it to you tomorrow or one day next week".  I am always told to drive by it and look at it and let them know if I would care to look at it, I do this before I ever contact them. I feel like they expect me to make an offer on a property without looking at it first.  Some real estate companies even want to charge a fee to even put in a contract on the property.   I have just about had it with them.  Even when I flip a property, they just take their time in selling, even if the property is a good value, in which all of mine are, and are much better than code requires.  I am not a slum lord, and never have had a problem with a real estate agent not wanting to rent them for their fee.  I am so tired of hearing agents bragging that they sold 12 properties in the last month or them telling me about their million dollar listing they just obtained.  I think I am going to start contacting the owner of the property, and ask them to find someone that will show me the property.

I know that some states take care of underground oil tanks for free or a small fee.  However, the deck will cost you for removal etc...  You have to decide if the property is worth doing the work to remove the tank, if this is a flip.  Now you have disclosed the property to the world, you may not get away with renting the property with the tank.  You could not get away with it anyway if you allow section 8's.   Now before I buy any property, I get a home inspection to make sure I don't run into these things, however, like I said, "Check with your State Environmental Agency" and see if they will provide for the removal of the tank.  You just may get surprised.  If the numbers don't work, they just don't work.