Do you think most Investors using (cash) to purchase Real Estate bypass the Real Estate agent?
I have always wondered about this question when it comes to Investors purchasing Real Estate.
Investors can hire an Attorney if they don't already have one in their firm to write up the RE contract for as little as 300 dollars. By doing this the Investor can negotiate a lower price when purchasing because the seller doesn't have to pay a commission to a RE agent.
Also Investors interested in purchasing RE can get a list of REOs from banks and make offers on properties using cash and a Attorney.
I seriously believe that most Investors using (cash) to purchase RE are hurting our industry because we are not making any money from their transactions.
Now I know there are some Investors that do use an agent, but this post is about the Investors that (don't)!
What is you opinion on this matter?
Robert Swetz (Vegas Bob) 1-14-2010
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1 comment:
Robert, I think that there are some transactions that are being handled without the involvement of a real estate agent, but most of the transactions in Indianapolis, IN are handled through real estate.
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