Using Real Estate Agents?

Question

Do most investors use real estate agents when locating property to buy? 
          
          (Background: I am planning to buy some properties for lease options - and want to know if I should avoid working w/ agents.  I understand that their commission is typically factored into the final sales price.) 
          
**  As an investor, do you typically use a real estate agent to help you buy property? 
          
**  If I buy a property that's currently listed w/ an agent, will the listing agent receive a commission if I buy the property on my own (i.e. if I am NOT being represented by a buyer's agent)?

Don Konipol · Answer

Your focus should be on the deal, not on the method of marketing the seller is using.  Too many people make a successful purchase using one method, and then work that method to the exclusion of all others.

Good deals can be obtained through brokers, by referral through attorneys, sales by owners, foreclosure sales, probate, auctions or any of a variety of other methods. Why restrict yourself from a large part of the market?

Account Closed · Answer

I primarily use an agent/broker, but have found deals without an agent.  My first REO purchase came to me though because of a relationship I had with a real estate agent.  He had received the listing and called me before putting in the MLS.  That was 10 years ago and the property has been one of my best purchases.

Tadd Bennett · Answer

I'm working out my first deal through a Real Estate Agent. He actually called one of my bandit signs for a property he didn't even think he could sale. He introduced me to the seller and let us work it out between one another. He turned out to be a cool guy and now has been running comps for me. He also said next property that comes up he will shoot it my way, not to mention he works out his fees with the sellers, not me. It was a good find.

Christine M. · Answer

Don - Thanks for your reply.  I am not trying to "restrict" myself to only one method.  I'm simply new, and trying to understand what's most common.  Appreciate your input.

Thanks Jackie.

Jackie Patterson · Answer

To answer your question...................
[                 
 **  If I buy a property that's currently listed w/ an agent, will the listing agent receive a commission if I buy the property on my own (i.e. if I am NOT being represented by a buyer's agent)?

If you buy a property going directly to the listing agent, the agent will get both the listing commission and the commission for the sale

Jackie Patterson · Answer

[

**  If I buy a property that's currently listed w/ an agent, will the listing agent receive a commission if I buy the property on my own (i.e. if I am NOT being represented by a buyer's agent)?    
          
          If you buy a property going directly to the listing agent, the agent will get both the listing commission and the commission for the sale.

Using Real Estate Agents?

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