Going to the listing agent

[David Duval]

Hi,

Over the past week I have done an a lot of reading on this site and learned a lot(thank you all).

I see that most of you recommend having the listing agent submit your offer so that they can double dip and many of you also recommend relisting the fixed up property with the same agent when it's time to sell. Is this a triple dip and how much commission is the original listing agent getting from you? Just the 3% on the resell? Sorry if this is basic. Thanks for your time.

[Will Barnard]

Originally posted by J Scott:

Will --

The problem here is that it sounds as if the OP has never even put in an offer before, and while I won't argue that an experienced investor can gain an advantage by working with listing agents, there are also a lot of pitfalls for an inexperienced investor trying to do so, especially if the listing agent is good at their job.

That is very true Jason, which is why I used "professional investor" in my post. I agree with you that some danger can occur for beginners, particularly if the list agent is good as you stated. Again, even the new investor can get some protection via their attorney.