Profile picture for cmariucci

buying properties to resell

I want to buy distressed properties and resell them. I am looking for an agent for both buying and selling for quick turn around. Where do I start and what should I be looking for in an agent?   
  • February 23 2014 - Sarasota
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Answers (3)

Best Answer

As mentioned you should make sure you have your money in place and ready (be it private lending, equity line, etc.)

You should then talk to several local Realtors who work in the general location you are. I would suggest you remain in YOUR local market for many reasons including:

#1 You know it best, therefor it will be a safer "play" for you.
#2 driving a long distance when your doing the work yourself equals additional costs.
#3  the farther away your rehab is the less likely you will be able to keep a sharp eye on it.

You should make sure your Realtor has at least 10+ years experience, You should make sure its someone in the same local market as you wish to work in, You should make sure they have time to focus on YOU (If an agent has 57 or 157 listings lets assume YOU are not on their mind each day), You should make sure this agent does not attempt to get you to sign an exclusive buyer agency agreement (plenty of agents would love to help you without such a contract that does nothing but protect them!)

Just a few ideas for you and I'm sure others can ad many more... Hope it helps!
  • February 24 2014
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Profile picture for gator70
Most deals require 100's of offers. Its a numbers game. Most Realtors are not ready to do this work.
  • February 23 2014
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Profile picture for wetdawgs
You start by making sure you have a large pot of money as getting loans for slipping is tough.

Then, you can start contacting agents to find one who knows the foreclosure market well.  You can find agents in your area by clicking on "find a pro" in the top line.   Pull out the phone and start interviewing.

  • February 23 2014
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