Wrong to use diffrent agents to buy and sell?

Question

HI I just sold a business and used a good agent to do so. I will also be using him to sell a inherited home that were unable to make cash flow. The question is it wrong to find a different agent to buy the next investment property or to start interviewing them? If we get another property it must be blow market value so we will be making a lot of offers that are not up to asking price. I know some realtors don't want to offend anyone but it has to cash flow to make sense for us. I may ask our current agent but want to make sure we have the kind of person that doesn't mind blushing a little when handing the offer so to speak.

We are looking from Redding Ca to Medford Oregon and are going to get into multi family if we can find a deal.

Thoughts?

We are looking from Redding Ca to Medford Oregon and are going to get into multi family if we can find a deal.

Thoughts?

Ramon Mota · Answer

This is giving me something to work with. thanks. I know the market is hot right now and I know of two places where I know the seller is in destress about the property. I wanted to make offers on those 2 just to see what will happen. Also knowing that the market is hot I still want to be able to make an offer that will cash flow with out putting 50% down. I had an offer on a place we were selling 3 months ago that was around 50% of my asking price I countered with a 20% reduction and they walked. This may seem to be a waste of time but I considered it more of a dress rehearsal.

Joe Norman · Answer

The only time I'd say its "wrong" is if you're listing a property for sale that that agent found for you initially.  In that case I would ALWAYS list with the agent who found you the deal (or who put in considerable effort to help you secure it, even if you're the one who found it).  Other then that, unless you made a verbal or written commitment to work exclusively with him/her, then I don't think there is anything wrong with utilizing the services of another agent.

As with everything in life, and especially real estate, disclosure is everything - just have a conversation with him about your goals and intentions so that everything is above board.

Theresa Harris · Answer

Ask your realtor.  They sometimes specialize in different areas (condos vs houses, residential vs commercial, or areas of town).  I also know some who would rather work with sellers and others with buyers.

Karen Margrave · Answer

I'm in Redding, I'm a Realtor, and I know this market. Blushing has nothing to do with it. The question is, is it a reasonable offer? Right now in Redding and much of Oregon the real estate market is hot, and there are more buyers than properties. This is not the time you're going to make ridiculously low offers and get them accepted, so most agents aren't going to want to waste their time. Now if there's a legitimate reason for the low ball offer, work that needs done, etc. that's a different story.In addition, because of the fires, etc. the rental market is also hot and finding fourplexes or multi family is tough too. It can be done, but there's not going to be some big discount, unless again, there's a reason for the discount. Good luck! @Ramon Mota

Ramon Mota · Answer

I think I will. I mentioned it in passing about 2 weeks after the sale of the other property and he didn't clearly answer one way or the other.

Christopher Phillips · Answer

@Ramon Mota

Just have the conversation about your goals and methods. Your current agent will tell you if they are interested or not.