If you are looking for the right realtor, it’s important to find out who will be the best fit for you. That’s why we’re putting together this guide to help you out. As a real estate investor, it’s important to surround yourself with the right kind of people that will assure your success.
If you live in the Austin, Texas area you’ll be able to find one that will have your best interests at heart. Some of them may not. That’s why when it comes to finding realtors in Austin, Teifke Real Estate will be your go-to place.
Let’s dive right in and talk about everything you need to know about finding the right realtor for you and your investment.
Doing your due diligence
Depending on where you live, there’s always going to be a number of real estate agents. You’ll be dealing with agents that specialize in buyers and sellers. Some may work with both.
Either way, it’s important to do your research on them. This includes certain factors you’ll want to look for such as how much experience they have. You may also want to know what their recent transactions are.
Due diligence will make the difference between finding the best realtor you can find from someone who isn’t good. Be sure to check out past reviews from clients who have worked with that realtor.
If the reviews are mostly positive, then that’s a green flag. Be wary of negative reviews. Some of them may be frivolous.
If you notice more negative reviews than positive ones, there may be a reason why. As a rule of thumb, you may want to avoid them.
Find one who has access to off-market properties
Off-market properties may be something you’ll want to look at. These are listings that no one knows about at the moment. You may find yourself coming across a new property.
It may be something that you’ll buy before the sale is ever made public. An investor friendly agent will find properties that many won’t be able to find without digging deep enough. It will also give you an edge over competing real estate investors.
Public listings will have real estate investors like you beating on someone’s door. And the competition can get fierce. An agent with access to off-market properties can give you a bit of an edge.
Someone who understands the investment process
A realtor who understands the concept of real estate investing will be best to work with. That’s because they understand the processes you go through. They may not know your unique goals, but they know a thing or two about what investors do on a regular basis to grow their portfolio.
It’s always good to have a realtor that knows of the advantages and challenges a real estate investor deals with. They’ll be able to help you navigate the obstacles while helping you reap the rewards in the process.
They can speak the language of real estate investing. And they might share strategies that you can use to your advantage. Especially if you’re someone starting out.
These realtors may have had some investing experience themselves. They won’t be your competitors since that may be a conflict of interest. But they can share with you some things that worked for them in the past.
The results are not always typical. But don’t underestimate the power of trial and error. If an investment strategy works, double down and keep using it.
If it’s something that isn’t working in your favor, change it up. Keep making changes until you get the results you want. Sounds simple enough, right?
Find someone who knows the area of interest well
If you are investing in your local area, then you’ll want to find a realtor that knows it well. If you are investing in an area outside of where you live, the same applies. You will learn more about the new city and familiarize yourself with it over time.
The point we’re trying to make is that a realtor will know an area including every neighborhood. They will have the information at their fingertips such as the average property values, nearby amenities, and so much more. This kind of information will become valuable for you when you’re seeking properties in the future.
You’ll find valuable properties in a neighborhood that will be perfect for families with small children. You might know of a certain neighborhood that will be great for young professionals. And you’ll be able to come up with excellent reasons why they appeal to a certain demographic.
For example, a good neighborhood fit for families can be somewhere close to a school. Or it can be close to a local park. For young professionals, they may want to live somewhere that is close to mass transit or a quick commute to and from work.
Find someone who knows people
To define people they know, we’re talking contractors, attorneys, loan officers, and everyone in between. If they are tied to real estate, then a realtor will know these kinds of people. You may include them in your own network.
You’ll need someone for something later on in your investing career. For example, you’ll know contractors that will specialize in groundskeeping. You’ll be able to give them a call whenever you need to find someone who can mow the lawns on a regular basis.
The realtor you work with will become the cornerstone of building a network that you can develop later on by yourself. It takes the power of one person to get started with network building.
Finding a realtor that will help you make your investments successful is possible. Following these five suggested steps above will be vital. You’ll want to find someone who is experienced, understands real estate investing, and can provide you with a wealth of knowledge and resources.
For the real estate investing newbie, you’ll want to find a realtor that will be your go-to and most trusted person for years to come.