Investor · Magnolia, TX · Member since 2015 · 15 posts · 1 vote
In finding a couple of homes listed through a realtor below the dollar amount for surrounding comps, do we contact the listing agent directly to ask questions about the home to submit an offer, or by contacting the seller directly through direct mail, I'm thinking that will take longer to get an answer..... and might not get an answer.
Then again the realtor may not be "investor friendly" where if I approached through the realtor, I may have cut myself short from a deal.
What are your thoughts in which direction is the right way to go?
It's simple.....the seller has a listing contract with an agent. Contact the agent. If by the agent being "non investor friendly", you mean he likely wouldn't suggest some owner finance/sub 2, lease option, etc., then that's his job.
Almost all listings these days are exclusive right to sell, in which case you must contact the broker, as he will be part of this deal. If the listing is open, they you can contact the seller directly and deal with them directly. This information should be available on the MLS listing. As for the friendliness of the realtor, that generally depends on if they are getting paid or not.
Is the home similar in age, size, and condition to the comps? Is the market about the same or better then when the comps sold? If so the Property should sell within 30 days at list price and if so that is why I would go thru the listing agent and the motivation of double ending his deal.
Because your on this forum I don't think your interested in paying that kind of price and regular terms, basically market value, so you need to find a newer ambitious agent willing to learn how to work with investor type clients and train him/her to work with you.
Where do you find this type of agent? I would hit open houses and just bs with the agent but your really checking them out as a potential agent to work with so talk about them not about you. Hi, how is your open house going today, much traffic? Tell them you are a investor and your learning more about this specific area at the present time to start the ball rolling. Also later suggest that as an agent they are from time to time going to run into property or owner in such bad shape that they aren't really going to be interested in listing it and maybe it can be made into something marketable by you.