By William Bronchick , Esq. The real estate agents have a valuable source of potential investment deals for the real estate investors - the Multiple Listing Service. Unfortunately, real estate agents have a monopoly on this information, so they may be a necessary part of an investors game plan. Dealing with real estate agents can be difficult for investors.
Agents prefer home buyers with cash to put down, good credit and conventional buying power.
Their interest is getting a commission with as little hassle as possible. Most agents have never done a creative real estate transaction with any investors, so they are not often receptive to unusual offers. Most agents equate a nothing down offer with a buyer who is not serious. Offer a Reasonable Earnest Money . If you are presenting a solid cash offer, you should put up more money.