5 Reasons Real Estate Agents Don't Like Investors

5 Reasons Real Estate Agents Don't Like Investors

If you ever talk to savvy investors you will undoubtedly here one of them say something to the effect of, "Yes I have several agents I work with to make offers for me".  This article points out why investors have an exceptional ability to get under the skin of professional real estate agents.

1. Low loyalty - Good real estate investors do the the same thing that investors in other areas of the financial sector do: they go where the deals are.  Investors are inherently going to gravitate towards where the opportunities to make money are (duh?)!  Most real estate agents will prefer to have a buyers representation agreement with their buyers the same way listing agents will not likely list your property without an exclusive right to sell agreement.  Real estate agents want to ensure that they're getting paid for their work!  The last thing they want to do is spend copious amounts of time working with you for you to purchase something from another agent.
2. Low prices - Real estate agents get paid on commission; a percentage of the final sales price of the property.  Investors are typically not trying to purchase the expensive $400,000 brand new house on the hill, they're shooting to get the lowest possible price on the lowest priced houses on the market.  Low pay equates to low incentive to work hard for an individual.  The only positive aspect of working for an investor is that they are likely to be repeat buyers and they will have to sell their property after it's been repaired.  
3. More work than average - When Jack and Jane are trying to purchase their dream home it's likely the agent will have to spend a good deal of time determining what the buyers are looking for and will specifically target houses for them to look at.  When they find something they like, they make an offer, and the agent gets paid.  With an investor, the client is simply looking to get a deal on a house they can make money on.  In reality, and I often say this, every house is a buy at the right price.  So can an agent be reasonably expected to slave over every house for sale in a particular area to figure out which house is a deal, which isn't, what has potential, what already as a contract working on it THEN coordinating with the buyer to visit the property, estimate the repair costs, account for it, then make an offer.
4. Specialization - Most real estate agents look at a broad range of transactions involving many different sub specialties of the business.  I like to compare this to doctors.  I broke my tibia and fibula about five weeks ago which gave me a need for a very specific kind of medical service.  Instead of having the ambulance swing by my general practitioner's office I went ahead and had them drop me off at the ER for an orthopedic surgeon to get to work.  The orthopedic surgeon has experience and a skill set specialized to my needs at that time that my general practitioner simply doesn't have.  The same can be said for looking for investment real estate.  Your general real estate agent can tell you what to look for but doesn't spend their day looking for it the same way my general practitioner knows my leg is broken and might even (probably not though, sorry doc) know how to fix it but doesn't do it on a daily basis.  A point of interest - Likewise, when I have a cough, I'm not going to go see my orthopedic surgeon, I'm going to my GP.  This is similar to listing your finished product!
5. Time frames - No one likes to be pestered, not even me.  If a house comes on the market that an individual has the opportunity to make $50-60k on, the free market is not going to wait for you to make your mind up.  Every deal is extremely time sensitive; you snooze, you lose.  So when a deal comes out on the market you need to hope that your real estate agent is 
1. Sitting in his office
2. Constantly running CMA's to figure out if somethings a deal
3. Remembers to call you
4. Get's with you to go look at the property
5. Can come to a number that you'd be happy with purchasing for
6. Draft up an offer
7. Get that offer accepted before anyone else 

Off Market Property in Tobin Hill!

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OFF MARKET Non-MLS property in Historic Tobin Hill! This 1917 build sits on a large corner lot in one of the most desirable neighborhoods in the city. Close to the Pearl, Downtown, several universities, and easy access to 281, I35, & I10. Tons of equity in this deal deal. Make this one yours before some else does. Don't forget to ask your agent about financing with Sherman Bridge.  Contact Ryan Harthan at 210-710-1617 for more information!

Northeast Handyman Special!

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Small house but it has 4 bedrooms! Perfect size rental and would make an easy flip! Great neighborhood! Close to highways! Plenty of room in the rehab budget to make this one nice and shiny! Call asap to take a look at this before it's Gone!  Contact Ryan Harthan at 210-710-1617 for more information!

Eden Foreclosure!

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EDEN/SEVEN OAKS!!! One of the nicer 

neighborhoods in North San Antonio where 

properties sell quick! Cheapest house in the 

neighborhood! House does need a new roof 

and cosmetics throughout. The pool needs 

repairs or needs to be filled in. Great days 

on market and awesome location for a flip 

property! Don't miss out on this little gem! Give Ryan Harthan a call at 210-710-1617.

Baths 3

Baths 2

Garage 2

SqFt 1946

Build  1977

Price 91,500

Rehab 25,000

ARV 160,000

Harlendale Investment House

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·         Low days on market (27,76,140,62,15).. 

·         Stone façade… people in this area love this, its in great shape and if it would need to be reset it would not cost much

·         $900 in rent

·         Our property is a 3/1.5 while all the comps are either 2/1’s or 3/1’s and a contractor could easily throw a bathtub in there and make it a full 2 bath.

·         Lowest price per square foot for sale in the neighborhood.

·         Larger than all of the sold comps we have in the packet

Square Feet: 1068

Beds: 3

Baths: 1.5

Yr Built: 1953

ARV: $70,000

ERC: $18,000

Price: $31,000

(All in price just under 50K!)

Las Angeles Heights Foreclosure

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Great 3/2 in the hottest neighborhood inside of 410. Yep, that's right, super low days on market, solid rent prices, and just minutes from everything the central city has to offer. Easy rehab, mostly cosmetic & some minor foundation leveling (ask your agent for the bid). Low acquisitions price, with great equity. This one is perfect for a low risk flip or add it to your portfolio to be your next cash cow.  Contact Ryan Mark Harthan at 210-710-1617 for full details

Alta Vista - Buy at 36k sell at 135k!

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TOTALLY OFF MARKET HOUSE!!!!!

Alta Vista! This property is located in one of the best neighborhoods to flip a property however, it needs a complete gut rehab. Once your rehab is complete you should be able to sell at the top of the market within a short period of time. The rehab of this hidden gem should consist of maintaining the historic exterior charm while adding a modern flare to the interior. If you do that you will have a home run sitting in your lap. Call your New Western Agent today and schedule a showing and make this investment your next project.

Ryan Harthan

824 Broadway St. Ste 101

San Antonio, TX 78215
210-710-1617

rharthan@gmail.com

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Downtown San Antonio Investment Opportunity

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Cash cow near Blue Star!!! A stone's throw away from this up and coming Southtown and King William area, this neighborhood boasts quiet streets and eclectic charm that investors are craving at this very moment. This house is bigger than most in the neighborhood at 1350 sq. ft and also has a rentable 1/1 in the back which could mean combined rents of over a thousand dollars a month! Call your New West agent immediately to schedule a showing!

Universal City Wholesale Property!

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Universal City! This house is in a great condition to finish off the rehab. This blank slate is ready for the finishing touches to bring it up to top shape! Homes in this very desirable neighborhood are moving quickly, just look at the days on market! The rental rates are $1,200/month all day long and are renting out quickly as well. Call today to schedule your showing of this great Universal City investment opportunity!  Call Ryan Mark Harthan at 210-710-1617 for more information!

Woodlake Investment Property

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Great investment opportunity in Woodlake. Good days on market for a flip and solid rental rates from $950-1,050/month make this deal a good candidate for a fix and sell or rental investment. Some rehab work has been started but still in need of a makeover to get in top shape. Call today to schedule your showing of this great investment opportunity.  Contact Ryan Mark Harthan at 210-710-1617 for more information!

Cresthaven Investment Real Estate!

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Sleeping Giant in Cresthaven! This house is in great shape and needs your finishing touches to be the largest and most profitable house in the neighborhood. Long addition in back currently used for 3 additional bedrooms can be converted into usable living space. Plumbing already done for 2nd bathroom! Big lot backing up to a green belt, covered patio and close to great schools! Be the first to see as houses in this area never last. Ask about our Landlord program with Sherman Bridge!  Call Ryan Harthan at 210-710-1617 for more information!

Medical Center HUGE Foreclosure

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Oak Hills! 40k off list and 4400 sq. ft. in one 

of San Antonio's most prestigious 

neighborhoods!  Super conservative 

ARV, sits on over a half acre, 3 stories, 50k 

in rehab already done (demo new open 

layout, etc.), and the list goes on and on... 

With actives at this square footage sitting 

between 560k-1 million and only cosmetics 

and curb appeal needed this could be the 

flip of the year!   Call Ryan at 210-710-1617 for more information!

Northwest Huge New Build Foreclosure

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Large 2 story 2001 build in El Sendero subdivision. This home has a open floor plan with 2 large living areas, and 4 massive bedrooms. The house is all four sides brick exterior with a large back yard. With a cosmetic rehab this home would be a perfect flip or rental investment! Call your Ryan Harthan at 210-710-1617 today and  schedule a showing and don't let this rare opportunity pass you by!

North West Pre-Foreclosure

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Just your standard North West SLAM DUNK! 3/2/2 with a TON of rehab work done. GREAT re-designed floor plan that screams functionality. New fixtures, new paint, new closets, new flooring and an overall great structure! Beautiful lot with tons of windows letting in plenty of natural light. Ideally located in a very desirable and growing area. Close to OP Schnabel, Leon Creek Greenway Park, Schools and the Golf Club! Be the first to see this gem and finish the job for a home run in 2013!  Call Ryan Harthan at 210-710-1617 for more information!

Off Market 281 and Bitters!!

Here it is Investors!  Off market 4/2.5/2 on .31 acres in a cul-de-sac in one of the best neighborhoods in San Antonio, Hidden Forest II.  Great opportunity for a flip with low days on market across from Silverhorn Golf Course at Bitters and Blanco.  No foundation, roof 2 years old, situated on big lot, off market and tall ceilings are a few ++++'s.  Call Ryan Harthan at 210-710-1617

Northwest San Antonio Off Market Deal!

This property is located in the Hidden Meadows subdivision which is an investors delight for flip or rental properties. This home needs a cosmetic rehab and TLC to the exterior to have it in top shape.  At this price we are the cheapest priced property in the neighborhood with the most potential. Call Ryan Harthan at 210-710-1617 to schedule your showing.

Beds 3

Baths 2

Garage 1

Price 59,500

Repairs 20,000

ARV 110,000

East Terrell Hills Investment Property

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High points on this deal include:

• Days on market for sold comps are right around 3 months or less!
• Price per sqft for our comps go as follows: $78.53, $81.93, $71.53, $70.21…..Our ARV is based on $64.58/sqft!!!  (VERY conservative ARV)
• Rental rates from $875-1,100/month in the area!
• Easy cosmetic rehab.  The current owner had quite a bit of work done on the property before her contractor bailed on her and left her high and dry before the rehab was complete.  Structurally solid property needing cosmetic updates!

Great Fix and Sell or Rental investment opportunity in the popular East Terrell Hills neighborhood!  Lower days on market for flips and solid rental rates in the area. Some of the rehab work has already been started and this gem is waiting for your finishing touches to get it back on the market.  Call Ryan Harthan at 210-710-1617

Alamo Heights ISD under 70k!?!?

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ALAMO HEIGHTS ISD for under 70K? Yes!! Not much needed to say here. Good structure needing light cosmetics and a tenant! You wont believe the rents here. HUGE quarter acre corner lot, AHISD, great structure, good neighbors, great rents, newer siding, insane days on market, easy rehab, rents from $1000-1300, off market deal.. a true cherry! Be the first to see and ask about financing with Sherman Bridge Lending!  Contact Ryan Harthan at 210-710-1617 for more information!

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Live Oak Investment Property

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Super clean Live Oak Investment Opportunity! This property is located less then a mile away from  Northeast Lakeview College making it an easy rental. If you are looking for a quick flip this area has low days on market all of our comps sold within two months. This property is also located right down the road from 1604 and IH-35. Call Ryan Harthan at 210-710-1617 for more information!

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