What does Invest-Friendly Agent Actually Mean

[Eli Diaz]

Hello all,

As i do my research, i continuously hear the importance of building a team around you. And i definitely see the importance. Part of the team, and maybe the biggest part, is the real estate agent. 

Throughout the forum I see "Investor Friendly Real Estate Agent".

My question is what makes an agent "Investor Friendly"? What do they do differently from non-investor friendly or general agents? 

What are some things that investor are looking for in their agent?

[Elise Hazzard]

Hi Eli, I have found several agents in may area who I think are dialed into what retail buyers are looking for, are much less interested in showing properties that I've selected to see, one even stating, "you always pick the worst places to see."  Additionally, many agents lack interest in submitting fair offers (fair related to property condition); they only see the listed price and likely believe if another colleague realtor assigned that list price, it must be true.  In properties with a high degree of deferred maintenance and / or structural issues, making a realistic offer should be considered without concern to the agents level of embarrassment of the offer. 

So in brief, unless and agent is also an investor, it seems that many have not become experienced or educated in anything but retail real estate transactions, where they and possibly another agent make the most commission, and the offer is always close to the assigned listing price.

There are several investors in your area who  have large businesses / portfolios. Maybe they can suggest an 'investor friendly' agent to you.

Happy Holidays.