We have been talking about rehabbing properties for years and have decided to take action. Over the last several months I've been searching all public listings, talking with agents, and driving around looking for the right deal. My problem is I can't seem to find a deal that will work. I've looked at several properties and talked with many realtors and it appears that local sellers want 95-98% of their asking price - - even with known/obvious defects.
I read many post here where others are in the same boat (just can't seem to find the right deal); but, I'm just curious if anyone here has had any success in the Tallahassee market.
Almost by definition the average Realtor/Agent will be a dead end.
1. Most all agents work with retail buyers and sellers. They try to provide a great service to the typical customer.
2. Agents who really understand investing normally have some investments. That is a good litmus test.
3. Many times the best place to find an agent that understand investing is at a local REIA meeting.
4. The investors who do a lot of deals or find the best deals generally are finding them before the agent does. A good agent is there to help the seller get the best price. The investor buyer does not want to pay the top price to the seller. They want to find the bargains before an agent has set a retail price.
5. When working with an agent expect that they will find some bargains. Unless they legally work as your agent they really are not going to help you get the lowest price. Get them signed up as your agent so they can legally focus on the best price for you and not the seller.