Real estate agents must be licensed professionals to perform their job. Their main role is to organize real estate transactions between the buyer and the seller. They are the middle-man essentially between these two people. Sellers hire listing agents, which are just real estate agents that represent the seller. On the flip, buyers hire agents that will represent them on their end of the deal. Real estate agents can take on either the role of a listing agent or a buyer’s agent. Real estate agents are crucial prior to investing in property, as they will walk their clients through the entire process of either buying property or selling it. Each step of the process contains extensive knowledge that only a professional explains best. Continue reading to discover 3 reasons for why you should consider speaking with a real estate agent prior to investing in property.
A real estate agent is well aware of the properties being bought and sold in the local market of your interest. This is a huge advantage if you’re investing in real estate, as you have a professional who can see the trends of the property you’re looking for. Another advantage of hiring a real estate agent is for rental property in the area. If you’re looking to make some money by purchasing property that you can rent out, your real estate agent will be able to identify the highest return of which property type, such as a townhouse or a condo, and the amenities, like having a garage or pool, are most sought after by renters within the specific location you’re looking at.
Acquiring the ability to perform an analysis
Conducting an analysis is extremely important in order to successfully invest in property. The types of things needed in order to do so are the current status of the market, the fair price of whichever type of property you’re looking for, as well as the type of profitability that would be estimated from renting property. This typically takes the average person about 3 months to gather the information they need. With a real estate agent, you can have an analysis completed in more than half of the time, as they already have a fair understanding of the factors included.
A real estate agent has access to the Multiple Listing Service, otherwise called the MLS database. This database grants access to an abundance of things that allow for the real estate agent to identify a good deal when they see one. All other investors do not have access to this, which makes their property hunting process a lot more difficult.
If you’re interested in hiring a real estate agent to aid you with your property investment search, contact us at Quinn & Associates today. You can call us at (508) 588-5600 or email us at firstname.lastname@example.org. We look forward to working with you throughout this process.