Finding a Buyers Agent

[Solomon Oh]

Hey BP,

I've recently found some properties that I am interested in making some offers on and I wanted to know if I should find a buyers agent before contacting the listing agent? What are some of the best ways to find investor friendly agents. Also, if you could explain some of the pros and cons of having an agent as opposed to going about it on your own.

Thanks!

[Annette Hibbler]

Unless your very familiar with state & federal real estate laws, are comfortable with all the legal paperwork required, etc. I'd recommend you use a buyer's agent. It costs you nothing to have a real estate expert (unlike hiring a real estate attorney and paying his/her fees) since sellers pay agent commissions. So why not use a Realtor? They will walk you through the process. Realtor's are a good resource of information and contacts such as home inspectors, lenders, contractors, etc.  It's often in your best interest to have a Realtor acting on your behalf during difficult negotiations. 

Be aware that no two agents are the same. Some are only part-time agents, though they won't tell you that.  There are a lot of people out there with real estate licenses but that doesn't mean they are working in that field full-time.  There is a difference between a Realtor and a real estate agent. Realtors are members of the National Realtor Association in addition to local real estate association members. Ask lots of questions and you should be able to tell whether or not they are a good fit. 

Hope this helps.