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Andy H.
  • SFR Investor
  • Tustin, CA
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Las Vegas Realtor Telling Me to Offer Above Listing Price for Short Sale and REO

Andy H.
  • SFR Investor
  • Tustin, CA
Posted Feb 12 2012, 15:19

Is Las Vegas a different market than Orange County, Calfornia ? I'm an investor looking to buy a rental property in LV. I got a realtor looking through craiglist. Anyhow, she sent me a few homes, and each time I tell her I'm interested a property and I want to make an offer, she advices me to put an offer $100 above the list price. She said I won't get it otherwise. I would have to convince her to put in my offer. It is usually 10% below list price. She makes me feel like I'm being cheap.

On top of that, she charges a $500 flat rate above the commission. Apparently, it's common practice in LV.

Anyone else have this issue or this is just an isolated incident. Should I get another agent ? She seems very knowledgeable about the LV market, especially REO market.

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