Real Estate Agent · Greenville, SC · Member since 2016 · 52 posts · 43 votes
7y
no, you never "need" a buyers agent. in commercial it is common to only have a sellers agent, but it could help your credibility to have a agent represent you if this is a competitive deal.
Investor · Indianapolis, IN · Member since 2019 · 62 posts · 64 votes
7y
@Colten Adams you don’t need it. Educate yourself on the buying process and build direct relationships with the brokers that sell in your market. You can communicate your message and credibility better than anyone else. When buying you want to be communicating as directly with the seller as possible. A buyers agent works like another person in the telephone game in school and distorts your message a little bit more.
Real Estate Broker · Omaha, NE · Member since 2019 · 8 posts · 2 votes
7y
@Morgan Eriksson If I did decide to get a buyer's agent, would the commission come from the seller or buyer? I've heard it's usually a smaller percentage from the buyer.
Real Estate Broker · Omaha, NE · Member since 2019 · 8 posts · 2 votes
7y
@Kent Ritter When doing a walk through on a property like this for the first time, what are some things I should look for. Do you have questions you regularly ask the sellers agent?
Specialist · Tampa, FL · Member since 2012 · 933 posts · 492 votes
7y
@Account Closed I don't see that as being a serious need as it would be in the sfr space. Typcially in the commercial space, it's going to be a different kind of buyer than in sfr. mfr buyers are more sophisticated and are investors. I would stay away from signing an exclusivity agreement with a broker. By signing this agreement whether they find the deal or not, you always have to pay them a commission. Most importantly I would focus my time and attention on building a solid foundation by studying every phase of this business as much as you can.
Real Estate Agent · Naples, FL · Member since 2016 · 298 posts · 268 votes
7y
Commission is paid by the seller, most of the time. Anything on market the commission is negotiated with the seller in the listing agreement. If the seller is moving the property themselves then they will most likely not be willing to pay your buyers agent. A great buyers agent should still be willing to help you and lend advice in hopes of establishing a relationship moving forward. If you choose the right buyers agent then it can only help you and at no cost to you.
Real Estate Agent · Greenville, SC · Member since 2016 · 52 posts · 43 votes
7y
@Account Closed the commission is typically paid by the seller, some times though if they find you a pocket listing or something like that they might have to build their commission into your offer so they get paid. Again you don't need a buyer's agent, but if you're in a competitive market and haven't established a reputation yet I'd get a agent.