Finding a real estate agent that is investor friendly is not as simple as finding an agent to buy or sell the average home.
Real estate investing works under a different set of standards than buying or selling a home to live in, and it requires particular knowledge and a set of skills that not every Realtor possesses.
If you are considering real estate investing, you need to find the right agent and the right area to begin your investment search.
Finding the Right Agent
Ideally, every real estate agent should know about buying and selling homes. However, most agents focus on working with people who want to buy a property to keep – either to live in or to use for other purposes, such as housing a business. In contrast, not as many agents are familiar with the process of using real estate as an investment option. You want your purchase to ultimately yield you a profit – something only certain agents are capable of assisting with.
You need to find an agent that understands real estate investing. Look for these qualities in your next agent:
Personal Investment Experience
Ideally, you want an agent who has done his or her own real estate investing. It does not necessarily have to be substantial, but it is helpful if they have gone through the process on their own. This ensures familiarity with investing on a personal level, not simply as an agent. Agents like this will understand your motivations, and will be easier to work with in general.