Table of Contents
The real estate market is a confusing landscape full of pitfalls, twists, and misleading investments. Fortunately, if you are a wise investor, you should find a realtor to have by your side who is more than prepared to help you find exactly what you need without falling for a bad deal.
As a real estate investor, your realtor is basically your right hand. Their job is to help you buy and sell properties at the best time, at the best price and in the right locations. A qualified real estate agent should be more than capable of helping you navigate the market in order to meet your specific goals as an investor and achieve long-term success.
In fact, let us take a look at exactly why your success in real estate is dependent on your ability to find a realtor that will work in your best interest.
But first, before you rush out to find a realtor, let us help you find a lender that knows what you need as a buyer and can get you the best rate. All you need to do is click the link below to book a free strategy call to start.
Find a Realtor to Guide You Through the Market
Realtors are essential for people who are looking to navigate the real estate market successfully – and for good reason. While you may have a strong eye for real estate and know which properties are going to be a good fit for your portfolio and which ones are going to turn into a cash sink, they are the ones who know where to find them in the first place.
If you are looking for a property to suit a specific need, such as an ideal short-term rental, your realtor will immediately be able to start narrowing down regions that are well suited to that sort of property and are going to help you find the most success.
As well, if you are investing outside of your hometown, working with an ideal realtor is going to be even more essential. If you want to buy a property that you cannot see in person, you need to have someone that you trust who can scout out properties and give you the clearest picture of which ones will provide you with the greatest return on your investments.
A Skilled Realtor is Like a Second Pair of Eyes
Regardless of whether you are a new investor or a seasoned professional who has an eye for spotting concerns on a property, it is always beneficial to have a second set of eyes to look over a property.
While you may be looking for signs of water damage or developing an opinion of the flooring in a property, your realtor may wind up spotting signs of structural damage.
Likewise, if you are looking to sell a property, your realtor can serve as a great helping in ensuring that your property is market ready. This includes spotting anything on the property you may want to repair or work on prior to sale, as well as assisting you in staging the home so that it is more attractive to renters.
This second opinion can easily be the deciding factor between a quick and painless sale and a property sitting on the market without any offers coming in.
Discover How To Develop Real Estate With This Step By Step Guide
Find a Realtor With Strong Connections
When you are working with a realtor, you gain access to their network. That means that you want to find a realtor who is well-connected so that whenever you need access to a certain type of real estate professional you can skip the hunt and get a direct referral.
For example, if you are looking to buy a distressed property with the intention of flipping it or converting it to a rental property you are going to need to work with contractors and skilled workers in order to get the job done. Fortunately for you, if you are working with a qualified realtor, they will likely know contractors they can refer you to or at least be able to present you with some strong options to consider.
These connections may even go as far as gaining access to off-market leads or connecting with a group of investors who you can compare notes with and learn from.
Ensuring You Find a Realtor Who is Qualified
If you want to ensure that the realtor you are working with is qualified and prepared to help you with everything you need, there are a few things you can check.
First, look at where you found the realtor. Did you respond to their marketing? Were they referred to you by a friend or family member? If you were referred to this realtor specifically you can ask the person who referred, you about their experience working with this realtor and use that to help inform your decision to work with them.
Then, you can take the time to look for their reviews. Ideally, you want to find a realtor who is consistently receiving 5-star reviews that describe and reflect their work. As a result, you should be weary of someone who has non-specific reviews or reviews that come without a description at all. Non-specific reviews can often be the sign of fake reviews meant to boost someone’s reputation artificially.
Finally, you can talk to the realtor and ask them about their experience. A skilled realtor should have plenty of information that they can share with you regarding their areas of expertise and methods of serving their clients.
Bonus: We Only Work with Great Realtors at the Canadian Real Estate Network
If you need a final push in the right direction when it comes time to find a realtor, let us help you. At the Canadian Real Estate Network, we pride ourselves for only working with the best so that our readers can be referred to exactly the realtor they should be working with.
So, if you are ready to work with us, visit us at LendCity.ca or give us a call at 519-960-0370 and we will get your pre-approved for your next investment while helping you find a realtor that is best for the job. Alternatively, click the link below to book a free strategy call with our team here at LendCity.