Being a real estate investor is tough work, and you need a skilled, high-quality team to help you get things done the right way. From the contractors you hire to put in new floors and windows to the people who help you market your available properties to potential renters, every [marlet_city] real estate investor has their go-to people. If you don’t have a real estate agent as part of your trusted team, here are 6 reasons you need one right now.
IDENTIFY NEW OPPORTUNITIES
Real estate agents have their fingers on the pulse of all the new properties going up for sale in your area, and they can help you find great new opportunities for your investment.
If you hook up with a good real estate agent and that person learns what you like in an investment property, your portfolio could burst with great investments that may not cost a ton to purchase.
HELP WITH NEGOTIATIONS
As a real estate investor, your job bargaining with a seller may be a little more difficult. You can be seen by some as a person just wanting to swoop in, scoop up the property for as little as possible, and then turn it around for the highest profit.
That’s where a great real estate agent who’s in your corner comes in. They can be an intermediary between you and the seller, helping you negotiate the best price while also keeping the seller happy.
Selling a property can be a highly emotional process for many homeowners. This can mean your property purchase moves at a snail’s pace as you wait on the seller.
By partnering with a trusted real estate agent, you can help speed up the purchase process, giving you a quicker timeline to begin turning your investment around. The real estate agent can help you negotiate with buyers, complete necessary repairs, and move toward the closing process.
Real estate agents are great at communicating with their clients. They notify them of new properties that may be to their liking, they work with the seller to schedule showings, they communicate about the status of any offers, and they help work through the final closing process.
As a real estate investor, you’ve got a lot on your plate. Having a real estate agent who can help you by maintaining close contact with you one the status of any transactions as well as new opportunities. This makes your life much easier!
If you’ve ever tried breaking into a new market area, you know how difficult it can be to find new contacts to get you started. This process can be made much easier if you find someone who is already well-connected in the area to introduce you around.
Real estate agents are incredibly well-connected. Finding one to partner with can help you break into a new market or even expand your contact base in your current area.
HELP CONNECTING WITH RENTERS AND BUYERS
Depending on your goals as a real estate investor, a real estate agent may be able to help you more quickly move your investment properties once they’re ready.
If you work with a real estate agent who works with residential clients, and your properties are largely residential, the agent may be able to help you find renters or buyers looking for your exact property types. This means you have to do less legwork to find qualified buyers and renters, making your job much easier overall.