Buying Services

RPM Delta’s “buying service” is a collection of services and operations performed to assist our clients in locating and acquiring investment properties. We consider this as a stand-alone service that complements our “full service” mission for property management. Instead of thinking in terms of “A-to-Z,” consider “offer-to-rent.”

SERVICES PROVIDED

• Find properties that meet your criteria and/or recommend any properties we come across (if desired).
• Access to currently owned private sales, HUD foreclosures, and public auction representation.
• View each property in person (“eyes-on, hands-on” approach) so that both you (the client) and us (the agent) can make informed decisions about each potential acquisition.
• Estimate rehab/repair costs, project rentals, vacancy and attrition rates, and offer price opinions.
• Present options and recommendations for offer strategies (if requested).
• Offer opinions on financing and financing options.
• Present offers and generally pursue the purchase on your behalf.
• Walk you through closing.
• If possible, liaison with appraisers and home inspectors.
• Initiate or source vendors for rehab/repairs (if requested).

FEES – Non-Exclusive Buying Representation

Typically this is for single-family properties (homes) and duplexes when all that is known is the type of property you are looking for, not a specific property.

• Flat fees generally between $750-$1500 for your typical single-family home and $500 each for a multiple single-family or “package” purchase.
• You authorize us to receive commission splits from the Seller’s funds if the Seller is represented by another agent.
• If the Seller is not represented . . . fear not, we will still pursue it, and the lack of commission split is not a problem (that’s the reason for the flat fee).
• If we are hired to manage the property, the Setup Fee management fee (normally $399) is waived on a per-property basis.

FEES – Exclusive Buying Agency

This is for commercial, vacant/development land, or multi-family properties.  Usually, the client knows exactly which property they want to pursue and needs help in that pursuit.

• Buyer paid from buyer’s funds between 0.75% through 2.50% of the purchase price, paid at closing; the exact figure depends on the anticipated complexity of the purchase.
• You authorize us to receive commission splits from the seller if the seller is represented by another agent.
• If the seller is not represented . . . fear not, we will still pursue it, and the lack of commission split is not a problem.
• If we are hired to manage the property, the Setup Fee management fee (normally $399) is waived on a per-property basis.