Flipping Real Estate With the Help of a Realtor

The Benefits and Drawbacks

One way to secure a great buy when flipping real estate is with the help of a seasoned realtor ‘going to bat’ for you during throughout the home-buying process. Not only do good realtors know their markets intimately, but it is in their best interest to act on their buyers’ best interest from an ethical, referral and commission-based standpoint.

Whether you’re looking to buy a place and remodel a flip house fast or engage in a longer flip, an agent can bring expertise, experience, resources into the home-buying process that can rarely be matched with other buying methods. Here are the pros and cons of buying with a realtor:

Benefits
-can protect the buyer from the other parties’ negotiation tactics
-seasoned negotiators
-can bargain for their clients without emotional or sentimental attachment to a property
-know what boundaries to push and when to hold back
-gets paid from the seller’s commission
-are the experts in their market
-have more comprehensive resources and comparables than what’s available publicly
-more safeguards in place
-communicate professionalism and purchase intent 

Drawbacks
-financially -few, because realtors get paid out of seller’s commission
-when buying with a realtor, you’ll probably only see properties listed with another realtor, thus, if there’s a private property listed, they may not show it because they might not have a deal with the owner, thus can’t necessarily secure a commission
-similarly, many listings by 1% realty or for sale by owner (FSBO) services don’t encourage realtor involvement since there aren’t the same commission guarantees