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From: Mike .
Flippers versus buyer's agents
From: Jacques
Date: 13 Feb 2001
Time: 15:00:11
In a debate about buyer's agents (you have to scroll down the page to find the thread on "How iffy are these people?"), Robert wrote: "This debate has been raging on here about a Buyers Agent. But here is a different thought, how about taking an investment property from a flipper. Someone like myself or "The Wife" that will find the property negotiate the deal hand you the contract all for a consulting fee."
I am probably naive, but I cannot see the difference between a flipper and a buyer's agent. Both will research an area, find a property that matches criteria such as positive gearing, positive cashflow, etc, both will use their skills to negotiate to get the best deal, and both will get a commission out of it.
Have I missed something? Or is it in the way the contract is drawn between the IP investor and the buyer's agent or flipper.
One point I can see, is that the learning possibilities in dealing with a flipper may be less than with a buyer's agent. In the sense that the flipper will go out there and find a good deal, and then flip, whereas the buyer's agent has to answer to questions from the buyer. Unless of course, the flipper was from this forum and agreed to help a newbie (such as yours truly) learn from the experience.
Cheers Jacques
Flippers versus buyer's agents
From: Jacques
Date: 13 Feb 2001
Time: 15:00:11
In a debate about buyer's agents (you have to scroll down the page to find the thread on "How iffy are these people?"), Robert wrote: "This debate has been raging on here about a Buyers Agent. But here is a different thought, how about taking an investment property from a flipper. Someone like myself or "The Wife" that will find the property negotiate the deal hand you the contract all for a consulting fee."
I am probably naive, but I cannot see the difference between a flipper and a buyer's agent. Both will research an area, find a property that matches criteria such as positive gearing, positive cashflow, etc, both will use their skills to negotiate to get the best deal, and both will get a commission out of it.
Have I missed something? Or is it in the way the contract is drawn between the IP investor and the buyer's agent or flipper.
One point I can see, is that the learning possibilities in dealing with a flipper may be less than with a buyer's agent. In the sense that the flipper will go out there and find a good deal, and then flip, whereas the buyer's agent has to answer to questions from the buyer. Unless of course, the flipper was from this forum and agreed to help a newbie (such as yours truly) learn from the experience.
Cheers Jacques
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