I also share my commission with my buyers on a sliding scale. You can call me at 312-738-0232 to discuss my unique approach to working with serious investors.
Let me know what you are looking for and the area(s) you want them to be and perhaps I can help to some extent.
The question was whether AGENTS like work working with INVESTORS; not the other way around.
The answer is you're face-to-face with a BUYER, is, YES, of course!
The answer is NO; Agents do not like spending time and gas, looking at 50 houses and presenting 50 Low-Ball offers that do not even garder a return call.
Good question. I would say that most investors average 2-3 properties a year. You are the exception on the high end. Even with what you call 'mom and pop investors' is can take a lot of time and energy and often there is no buyer agency agreement and no loyalty from the investors. As you said, many investors don't like or respect agents, and it shows. They consider agents a necessary evil in the process of them making money for themselves. It often is not a win-win situation where everyone makes money. I have seen some investors who run agents around writing dozens of offers and then go to another agent or the homeowner and shut that original agent out. For these and other reasons, agents can be hesitant and apprehensive when working with investors.
Also, in the investor courses and seminars (some I have been to), the instructors often speak of agents and Realtors as village idiots, cab drivers, etc. Many Realtors are experts and specialists at working with residential buyers. That does not make them qualified to help investors acquire a 100 or more investment properties a year. This could mean 1000's of reports, and 100's of low-ball offers written and often culminating in sales prices well under $100k. What you need is a broker who specializes in working with high volume investors and has an active and professional team of agents and assistants to work with you and other higher volume investors. If you were in Colorado I would have some good referrals for you. Good success with your business.
Robert McGuire ASR
Your Castle Real Estate
Direct - 303-669-1246
Best of Luck,
Maria E. Cipollone
Sohail A. Salahuddin | Broker Associate | Visionary
Innovative Property Consultants Group | Sales and Leasing
Jameson Sothebyâ€™s International Realty
425 W. North Ave. | Chicago, IL 60610 â€¨
O: 312.335.3230 | C: 312.437.7799 | F: 847.805.6030
"Locally Known, Globally Recognized"
investors, those who either invest in rental properties for the rental income, and also those who are
looking for well priced properties to upgrade and then flip.....
My expertise lies in several areas limited areas in the city, other areas in the city I service with
partner agents who are more familiar with those areas within the city and then I cover most if not
all N and NW suburbs and the entire North Shore. So depending on what kind of properties and
for what purpose you are acquiring them I would work directly with you or together with a partner
agent of mine...
And of course there has to be an understanding that I will be paid at the end...... Why may be many
REaltors are not interested or are not showing interest is probably because of bad experiences.
Many builders, flippers and investors have within their organization already someone with a realtors license, although not really practicing except for acquiring properties they are interested in,
and may Realtors are being used for information for showings, but when it comes to making an
offer the investors do it in house, and even when they put a property back on the market they do it
in house. So that's a bad experience for a Realtor, working without pay is no fun.
If I were to work with you, it would be based on a buyer representation agreement, that if I will not
be paid by the sellers side, that you will pay me a percentage of the sale price.....
Feel free to contact me anytime...
Edith YourRealtor4Life & Chicago and Northern Illinois Expert
Working always in the very BEST interest of her clients, Buyers, Sellers and Investors alike....
And always with a SMILE
Covering for @Properties the city of Chicago, all N and NW suburbs, the fine homes on the
North Shore, and many of the W and SW suburbs, and with her trusted Partner Agents all of
the US and worldwide properties. Edith speaks French, German, some Spanish and other.....
@Properties, 30 Green Bay Rd, Winnetka, Illinois 60093 ---- EdithDoesItRight@yahoo.com or EdithSellsHomes@gmail.com Check out my website at htttp://www.tinyurl.com/MeetEdithHere
get to know me better and learn about my experience, expertise, services available and letters of recommendation of former clients..... Also you can sign up on my site to search for properties in my expanded service area. HAVE THE MOST WONDERFUL DAY :)
But, I think the main reason behind the reluctance you refer to is the perception that in most cases the investor is just using the broker to gather information and will shy away from a relationship that involves compensating a broker for their time and effort. To some investors we are just a few points of profit out the window on a deal.
Feel free to email me back or text or call 773-732-9123. You can look up my bio for more about my background and experience.