Real Estate Agent for Turnkey Properties?

7 Replies

Hello, this is a general question. Would you need or recommend finding a real estate agent to buy a turnkey direct? There is are several firms that are turn key specialists so I am not sure if I just buy direct from them, or need a real estate agent to be an intermediary. Thank you.

Most of your traditional turnkey companies will just sell to you directly.

If your are looking to use an agent you could have the agent scout the MLS for you. Remember turnkey is really just a marketing term. A house is a house is a house. There is nothing about turnkey properties that makes them more special then a regular house on the MLS. Just make sure your targeting properties that are in good shape.

Most of the time a property that has been occupied by a former owner is in better shape then one that's gone through years of renters. Think about how people drive rental cars vs how they drive their own.

James Wise, Real Estate Agent in OH (#2015001161)
216-661-6633

No you don't need an agent. These days most of the reputable turnkeys sales people are all agents anyway.

(901) 264-8674

It'd be hard to find an agent even if you did want to use one. Most agents won't have a clue what's going on in turnkey (or investor) world. I agree with the other guys-- most of the people in the reputable turnkey space are agents anyway. I only buy and work with turnkeys and I'm a licensed agent, and turnkeys are all I do with my license (versus local or MLS type of stuff).

Originally posted by @Spencer Hsu :

Hello, this is a general question. Would you need or recommend finding a real estate agent to buy a turnkey direct? There is are several firms that are turn key specialists so I am not sure if I just buy direct from them, or need a real estate agent to be an intermediary. Thank you.

Just be on the look out for different types of Turnkey providers. Some only act as "middlemen" and are basically agents searching the MLS for a home that needs little work. True Turnkey providers actually own the home first and make sure they home is an actual turnkey. Ideally it should be rent ready and nothing should need to be done to it. Make sure you have inspections done on the home, they will prove it is a turnkey or just a decent home.

Send me a message with any questions.

Tom Ott, Real Estate Agent in OH (#2016003865)
440-749-4043

I am thinking it would be nice to have a Turnkey MLS system.. were all turn key companies can just list their homes there for anyone to see.. and the buyers can determine if they need to have an agent represent them or not....

there is a purpose for agents and middlemen.. many of the actual turnkey companies are not well staffed on the sales side and simply do not have the time to play 50 questions from a buyer this is were the agent would come into play and earn money holding the hands of the buyer..

Ali wrote a nice blog about this subject...

And as James Wise says a houses is a house is a house.. use the same protocol you would if you were buying the home in Milpitas ( sans insane bay area competition) turnkeys will always be there don't let anyone give you the urgency route...

I bought my first home to live in   IN Milpitas  79k brand new Shapel home... circa 1978.. could not afford Cupertino where I grew up as homes had topped 100k there for a used house.

@Spencer Hsu

An agent may have more local area knowledge than you and therefore can ask the right questions to the turn key provider. So, before you decide to invest in a particular area, do your research so you know what sorts of questions to ask and be sure to search/ask about the Turn Key provider on BP to make sure they have a good rep.

You definitely don't need an agent. Keep the community posted and we'll be happy to answer or guide you in any way.

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