How do I submit an offer without an agent!

Question

Hello everyone! I have been researching and analyzing properties within my market for weeks for fix and flips. I am now ready to start submitting offers. Should I bring on a agent relationship on the purchase side? I am deploying back into the fix and flip space after being out of the game since the 2008 downturn. Any help would be appreciated.

Kelvin Craver and Russell Grogan

Joe Homs · Answer

@Russell Grogan  are you submitting offers directly to the sellers?  Are these properties that are off market?  Wholesale deals, etc?  If so then get yourself a simple two page offer contract and start writing.  If the properties are on the MLS then I would look for an experienced agent who invests themselves to work with.  If you are writing low ball offers then you might not be able to find someone to work with unless they just got their license last week and are looking for something to do (waste of time.)

What is your strategy?

Good investing...

Fred Heller · Answer

Why would you want to? I've never understood why so many people on BP want to go it alone without their own agent when buying a property. The listing agent represents the seller. He can't advise you. He can't give you any information to help you negotiate the deal, not even comps.

Russell Grogan · Answer

Hi Christine,

Thanks!  Thats what I will do.  I will take a look at your deal.  I'm currently looking in the Eagle Rock, Glassell Park, Echo Park, Pasadena, Arcadia,   But I like the Orange and Santa Ana market as well.

Christine Kankowski · Answer

I guess the question is why you dont want an agent, when the seller pays for the buyers agent and when the buyer doesnt have an agent, the listing agent gets that money. You end up with someone representing the seller and not you.

I would get an agent for sure.

On another note, sometimes you do get preferential treatment when you directly to the listing agent, because that agent makes both sides of the transaction commissions.

On that note, I have a great flip Opportunity that I posted in the Marketplace section in santa ana/ North Tustin. Take a look . THanks !