How do you find the comps in the area?
Dave
I am a realtor who works as a Buyer’s Agent, that means I wiork with investors to help them buy houses. So, I will answer from my perspective.
If you work with a good Buyer’s Agent, he/she will run comps using the software provided in the MLS tools the realtor pays for to be a realtor.
Jack Haydon
Any other ways to get comps
hire an appraiser.
How do you find Buyer’s Agents
I am a realtor who works as a Buyer’s Agent, that means I work with investors to help them buy houses. So, I will answer from my perspective.
I recommend that you:
- ask friends and business associates for referrals, or
- attend a local chamber of commerce after hours or breakfast networking session and interview realtors to find someone who will work for you.
So how does the buyers agent benifit from me?
I am a realtor who works as a Buyer’s Agent, that means I work with investors to help them buy houses. So, I will answer from my perspective.
A Buyer’s Agent works with just a few investors (if he/she is smart), and specializes in making those investors successful. A smart Buyer’s Agent will focus on 10 investors - that will be his/er customer base - total.
So, in summary a Buyer’s Agent can build his/her business relatively quickly and have a stable income stream with excellent service to a limited number of repeat customers.
In summary, a Buyer’s Agent gets paid by the Seller for bringing the Buyer, but the agent (by law) is loyal to the Buyer (definition of single agency).
Jack Haydon
Well. Ya got me confused. A wholesalers gets comps from a buyers agent. Does the Wholesaler pay the buyers agent Or is there something the Wholesaler can provide the buyers agent?
I am a realtor who works as a Buyer’s Agent, that means I work with investors to help them buy houses. So, I will answer from my perspective.
Sorry that I was not clear, the Buyer’s Agent gets paid at closing for the transaction - period. end of story - no other compensation should occur…
Jack Haydon
I am a realtor who works as a Buyer’s Agent, that means I work with investors to help them buy houses. So, I will answer from my perspective.
A wholesaler sells homes to retailers, and Buyer’s Agents need customers who close homes.
So, develop a Buyer’s Agent for your network (wholesaler and retailers).
Create the Buyer’s Agents customer base for him/her and have him/her focus on your business success. Everyone wins…
Jack Haydon
a buyer being represented by an agent may have to compensate that agent if the buyer decides on a for sale by owner, or an mls listing without compensation or without adequate compensation to the agent. unless jack works for free, from his perspective.
I am a realtor who works as a Buyer’s Agent, that means I work with investors to help them buy houses. So, I will answer from my perspective.
Jack picks his customers carefully…
Wise Man
no exclusive buyer contracts are required when a trusting and long term business relationship is establish
if you have hard time finding comps. go to a local real estate office and talk to an agent and they will give you one. i do it all the time. and have never been turned down.
as far as buyer’s agent.
Most people are NOT familiar with it, when you hire an agent to find a property for you, you would have to sign a buyer’s agent agreement and YOU have to pay the agent. sometimes agents can get a fee from both the buyer and the seller(through MLS), but they have to disclose that information and at this point they are NOT representing you or the seller.
and having a buyer’s agent is a WASTE of money(if you’re the one paying), because they will do the same job without charging you anything.
Call me dense, but I am just not getting it. If I find an agent to have her run me comps, what is in it for her?
I think what they’re saying is that the buyer’s agent gets paid a percentage of the cost of the property when it closes.
please correct me if I’m wrong.
Justin