How do I select a real estate professional to help with real estate investing?
One of the critical issues when investing in real estate is a trustworthy broker who understands your needs and the type of investment you are searching for. So what should you look for when selecting a broker? Consider these factors when evaluating a real estate professional.
InformationReal estate investing requires an informed, knowledgeable professional who is able to clearly communicate information that you need to know in order to make the best and most informed decisions.
CompetitivenessWhen it comes time to sell or rent your real estate investment you need a professional who understands the market. You want someone who is able to showcase your property and present it in the most attractive manner possible. A complete knowledge of the local area, schools, amenities and other factors is essential.
ReputationNever underestimate the importance of reputation when dealing with residential real estate. Find a professional who has built a solid reputation in the community. Buyers and sellers benefit from the additional exposure and reputation brought by a knowledgeable professional.
FocusLocate a broker with in-depth understanding and expertise in the specific type and area of real estate you are interested in acquiring. For example, do you intend to buy and hold or “flip”? Is your emphasis on single-family homes or multi-family homes? Does your broker have an in-house property management team? Do you want to purchase new construction or previously built homes? Find a professional who specializes in your specific area!
Technological savvyTechnology has changed the way in which real estate is sold, rented and processed. Make sure the real estate professionals you deal with are able to use technology to your advantage. Whether buying or selling, the Internet is a great source of information. Ask to see how often listings are updated, how photos are used, websites that showcase your property or allow you to save time by shopping online for potential property.