Real Estate Investors Need Who?


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Real estate investors need real estate agents. Most real estate investors tend to stay as far away from real estate agents as possible. However, a relationship with a real estate agent has rewards for both parties.

Benefits

A real estate agent can help you negotiate with banks. Banks usually work with real estate agents on normal financing arrangements. Financial institutions end up favoring a particular real estate agent due to familiarity.

Real estate agents speak bank-ease. They can get things rolling with the bank and get an answer on your loan faster.

Real estate agent also will do the research on properties for you. They have access to comps and the MLS listings.
Real estate agents are also master negotiators.  They can help you with the paperwork and steps involved in short sales. Some financial institutions have specific rules and procedures, and you may be rejected is you don’t follow them.

You provide benefits for the real estate agent to. Your returning business means they always have income.  In addition, you can refer others to them as well. References mean a lot of potential business in the real estate business.

How to Work with One

The first step is to meet. At this meeting, you do more than you would in a homeowner’s meeting. While you will discuss what you are looking for in a property, you also discuss the agent’s needs and how this situation will work out.  You will both need to take a look at both of your goals and set up a strategy for getting there.

The second step is to take a look at the list of properties they give you and decide which one or ones are worth your time. The real estate agent will place the offers for you. The agent can drive you around town to look at all of the properties and discuss them with you, but that would be a big waste of your time and theirs. You can look at the properties on your own time and make a decision without wasting theirs.

If you are thinking about investing in real estate, working with a real estate agent is best decision you can make. In several states, it is now a law that all property transactions must go through a real estate agent in an effort to protect consumers. If the current real estate trends continue, you can expect to see more states passing similar laws.

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