Out of state investing - should I contact listing agent directly?

Out of state investing - should I contact listing agent directly?

Member since 2017 · 6 posts · 1 vote

I am an out of state newbie and have been looking in Kansas City Missouri suburbs

1 - I'm interested in a listing on Trulia, should I contact the listing agent directly or should I get a buyer's agent to represent me so I would have eyes and ears on my side?

2-Am I expected to pay a fee for buyer's representation?

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Lee RipmaPro Member
Rental Property Investor · Prairie Village, KS · Member since 2015 · 2k+ posts · 2k+ votes
8y
@Ray Pun On your first one I think you should have your own agent. Plenty of folks on here would be happy to submit an offer for you and set you up with an MLS feed that matches your criteria. Trulia isn’t always up to date. The seller pays the commission to your agent, no cost to you.
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  • Lee RipmaPro Member
    Rental Property Investor · Prairie Village, KS · Member since 2015 · 2k+ posts · 2k+ votes
    8y
    @Ray Pun On your first one I think you should have your own agent. Plenty of folks on here would be happy to submit an offer for you and set you up with an MLS feed that matches your criteria. Trulia isn’t always up to date. The seller pays the commission to your agent, no cost to you.
  • Overland Park, KS · Member since 2016 · 11 posts · 2 votes
    8y

    You should always be represented! As a buyer, you won't pay anything. The seller will pay real estate agent commissions! You also want someone on your side who knows the area and neighborhood. They can even drive by the property and shoot pictures and a video for you to see. Only upside for you as an out of town buyer. 

  • Hadar OrkibiPro Member
    Rental Property Investor · USA / NZ · Member since 2016 · 1k+ posts · 812 votes
    8y

    @Ray Pun i disagree with the comments that you have to have representations.

    I bought my first 4plex of Trulia, it was listed with an agent that owned the property... clarify that. 

    You are better dealing with the listing agent then having another involved. then you can work a better deal. agents / brokers rather not share their commission. 

    More importantly:

    Ok, so you are looking at Kansas City. did you establish a team there prior to been ready to put offers and buying something. ????

  • Member since 2017 · 6 posts · 1 vote
    8y

    @Lee Ripma - Thank you - I too thought having an agent as my eyes and ears for out state properties would be a good idea as well.

    @Hadar Orkibi - You bring good points as well, which is why I asked the question in regards. I agree that one would want the whole pot to themselves rather than share.  Yes, I am looking in KCMO and I am currently putting together a team. I just happened to see something interesting in the area I am targeting and thought if I should proceed before I have my team completed.

  • Member since 2017 · 6 posts · 1 vote
    8y

    @Luke Ryan - Hi Luke, Interested in speaking with you in regards to what I am looking for.

  • Member since 2017 · 6 posts · 1 vote
    8y

    @LeeRipma - Thank you - I too thought having an agent as my eyes and ears for out state properties would be a good idea as well.

    @HadarOrkibi - You bring good points as well, which is why I asked the question in regards. I agree that one would want the whole pot to themselves rather than share. Yes, I am looking in KCMO and I am currently putting together a team. I just happened to see something interesting in the area I am targeting and thought if I should proceed before I have my team completed.

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