- Joined
- Dec 5, 2007
- Messages
- 2,880
Hi,
I believe as a RE investor, working with your RE agent as a team would be much more efficient. by "as a team" I mean working with your agent AS IF BOTH you and your RE agents are RE agents and investor partners representing yourselves!
In other words, both of you can communicate with the seller or his agent on anything.
The reason I believe it would be much more efficient is if one of you is not available, the other can work on the same thing. For example, getting more info on the property, tenants, etc. literally within hours instead of within days! – this is the biggest advantage in my opinion
I think it is usually not working this way because the RE agent is either:
- worried if he is not involved in the deal enough, the investor will "fire him"/not award the business to him. they do not always have you sign a buyer representation agreement, and even if they do they do not think they can rely on that if they feel they do nothing to help you(?)
OR/AND
Worried that you communicating with the seller or his/her agent will kill the deal or ruin their reputation, cause legal issues, etc.(?)
Still, I have no doubt that at least in my case, it could work GREAT for both of us. However, not sure how to communicate that to agents and if it is reasonable to expect an agent to work this way with me(?)
Thoughts? Anyone working this way with his/her agent?
THANKS & REGARDS,
Neil
PS. the source of my dilemma and idea above is I represented myself in a deal in the past. It had huge advantages specifically no other investor with an agent can compete with your responsiveness and motivation level that is only "communicated" through another person when being represented. However, there are also advantages to working with an agent which is why I am suggesting the hybrid structure above.
I believe as a RE investor, working with your RE agent as a team would be much more efficient. by "as a team" I mean working with your agent AS IF BOTH you and your RE agents are RE agents and investor partners representing yourselves!
In other words, both of you can communicate with the seller or his agent on anything.
The reason I believe it would be much more efficient is if one of you is not available, the other can work on the same thing. For example, getting more info on the property, tenants, etc. literally within hours instead of within days! – this is the biggest advantage in my opinion
I think it is usually not working this way because the RE agent is either:
- worried if he is not involved in the deal enough, the investor will "fire him"/not award the business to him. they do not always have you sign a buyer representation agreement, and even if they do they do not think they can rely on that if they feel they do nothing to help you(?)
OR/AND
Worried that you communicating with the seller or his/her agent will kill the deal or ruin their reputation, cause legal issues, etc.(?)
Still, I have no doubt that at least in my case, it could work GREAT for both of us. However, not sure how to communicate that to agents and if it is reasonable to expect an agent to work this way with me(?)
Thoughts? Anyone working this way with his/her agent?
THANKS & REGARDS,
Neil
PS. the source of my dilemma and idea above is I represented myself in a deal in the past. It had huge advantages specifically no other investor with an agent can compete with your responsiveness and motivation level that is only "communicated" through another person when being represented. However, there are also advantages to working with an agent which is why I am suggesting the hybrid structure above.