For investors, the most important step that you should take is finding the right people who can help you succeed. At the top of the list are real estate agents or brokers who can help you find the best deals. While there might not be the perfect real estate broker, there are those who provide the resources you need to succeed. That’s why identifying good real estate brokers may be the most important step you take in your investing career.
A good real estate agent understands the investing business which means that they will know essentially what you are looking for and where to find it. They may not know everything, but the point is that the real estate agent you want will have a good understanding of investing and the criteria it demands compared to standard real estate investing. This is perhaps the most important aspect of what you want from an agent, so do not settle for one who does not understand the investment side of real estate.
Of course, any good real estate agent will be able to answer your call or respond to your email quickly. This is because you may see a deal in the morning that might be gone in a few hours, so having a real estate agent who can move quickly to your needs will be most important. Of course, you’ll have to keep in mind that real estate agents have lives just like everyone else, so your expectations should be limited to the hours in which they work.
On average, the amount of commission a real estate agent gets when working with investors is smaller than standard residential sales. However, an agent experienced with investors will know that they can expect more deals, sometimes bigger deals, and often less work is required at least in terms of the financial aspect. So, if a real estate agent you contact balks at the idea of lower commissions, then you might want to search somewhere else because this is a part of real estate investing.
Part of identifying good real estate brokers is their ability to negotiate good deals. Your real estate investor should be a good fighter for your team so that you can get the best deals possible. Every dollar they can shave off the deal means more profit for you, so be sure that you have a proven negotiator that will fight for you on deal after deal.
This is an important aspect that you want from your real estate agent because they are by nature managers who want to control every aspect of the deal. When they are working for you, they will need to exude patience because there are some aspects they cannot control. A patient real estate agent will be most helpful when it comes to landing the right deal and letting you and your team get everything ready.
By identifying good real estate brokers who can work with you and your team, you can take advantage of great deals in a timely fashion.
People make a split decision on the internet whether they want to click to see more photos or schedule a showing. If your photos are average, your home will be overlooked.
If you have a vacant home, virtual staging can make a huge difference. See photos below before and after virtual staging. This was a home that a previous agent was unable to sell and Joshua Inglis sold it in a day even though the average market time in that market was 517 days for homes of that size.
If your real estate broker is not doing everything in this article make sure they start following these steps. A home is one of the largest investments you own and if a broker is not willing to invest in your home you should get a new broker. Joshua Inglis does this for each of his clients and is a broker with United Real Estate, visit www.joshuainglis.com or call 630-544-1504 for more information.