Real Estate Agents, Should Investors Use Them?

As a beginning investor, I was lucky enough to work with a buyers agent. Have you every heard of a Buyers Real Estate Agent? Well, there was a lot of competition for listing in California in the late 1980s and these types of agents we not popular, but you could find them. Or better yet, they could find you. This particular agent advertised in the newspaper. He simply stated he would help one find the house that was right for them whether they were a first-time homebuyer or investor. He stated he would provide his services free of charge.

Later, I got to know him rather well. We collaborated on business ventures and even partnered on a transaction. When asked him he used this approach to find clients. He stated that in actuality the seller of the property paid the real estate commissions. That the competition for listings was very competitive thus he wanted to choose the road less traveled. He also felt that having the buyer in any given transaction was most important. If he had buyers he believed he could always find them a property.

I was very fortunate to work with such a competent and creative real estate agent in the early years of my investing career. Are their still agents that focus on catering to the buyer? I have not met any recently; maybe I will meet more in the months to come.

David Bach provides 3 Basic Rules for Hiring a Great Real Estate Agent, and The Big Picture provide some statistical data concerning the number of Real Estate Agent in A Bull Market of Real Estate Agents.

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