Posted by Natalie-VA on July 25, 2008 at 05:51:41:
You made a good point. He might find a less experienced agent who will run comps, but hopefully he’ll know how to analyze those comps himself. He won’t want to rely on someone with limited experience to give him values.
–Natalie
Realtor fee for mls search? - Posted by Les
Posted by Les on July 24, 2008 at 12:37:32:
Has anyone talked to realtors that want a fee to do a mls search for invetment properties? If so, how did you reply. I told them that the fee was in the form of their commission when we bought or sold properties. Feedback greatly appreciated!
Re: Realtor fee for mls search? - Posted by John
Posted by John on July 31, 2008 at 05:26:59:
Being a Realtor myself I have had this occur a lot. I personally do not charge for it but if I see your a tire kicker not a buyer I drop you as a client. Yes, it may take up a few hours of my time but to work with a good investor is worth it. If you are new to investing do as much of your homework without using the agent after they give you the listings ( drive bys etc.). If the agent is any good they will know what values are without even pulling comps along with knowing repair estimates. This is what we do. If they can’t answer the questions get a new agent.
Re: Realtor fee for mls search? - Posted by Ken
Posted by Ken on July 24, 2008 at 14:17:42:
That is part of the job of finding you houses.Find a different agent
Re: Realtor fee for mls search? - Posted by Natalie-VA
Posted by Natalie-VA on July 24, 2008 at 13:56:20:
Ask them if they will credit the fee back to you when you buy or sell something through them. You can’t expect someone to work for free.
–Natalie
Re: Realtor fee for mls search? - Posted by James Harris
Posted by James Harris on July 24, 2008 at 13:19:24:
Good answer. I would never pay a realtor for something like that.
Re: Realtor fee for mls search? - Posted by Corine
Posted by Corine on July 24, 2008 at 16:22:11:
Thank you Natalie.
If an agent senses youâ??re a serious buyer, sometime in the near future, he/she shouldn’t have a problem searching.
The line I always loved “if you find a great deal, you know, foreclosure or something, keep me in mind.” Ya, ok. I always though to myself, if it were that type of deal described, don’t you think an agent would pick it up first?
The pros probably won’t waste too much time with you unless you put your money where your mouth is.
Less experienced agents, the majority won’t have a problem doing endless research, running around spending their gas for months on out in hopes that a buyer may at some point do something. And jump at the drop of a hat.
If it were me, I would present you with possibilities, and after three outings if there were good opportunities and you made no offers, I would suggest you find someone else to work with.
Natalie said it best. No one works for nothing. Some do.