Colli Real Estate

real estate agent: Whose side are they?

Yes, I said, is the agent really on your side? We (my wife Julie and I) have worked with some outstanding agents, some good agents, some mediocre agents, and some players that should not be agents. As any other industry or profession, there are people who are good at their jobs, and people who are not. No debate here, but what we are debating is whether if we really need a realtor when buying a property. It may seem that their committee had in their minds and not their interests. And if you need it, how do you get really good?

Like a bathroom renovation, your taxes, your marriage and many other things, be able to do the work yourself or pay someone to do it for you. Do it there is always more time and work, may be a chore higher than expected due to his lack of experience and can end up costing you more than you think you will. But you can be sure you know exactly what was done to get exactly what you want, and can be a source of self-satisfaction when the two already.

At least half the properties that were purchased have done without the help of a buyers agent. I did my research online using MLS or Realtylink or CLS, the data table into a spreadsheet in a period of time to help identify opportunities and then when I found what I think that may be a good buy, I contacted the listing agent for more information.

I'm not here to promote and buy properties without an agent for a buyer, I found that when they venture into a geographical area in which I have an existing relationship with an agent, I do better research on the properties, because I know exactly what I want. Without such pre-relationship existing when I told a realtor I want, or do not give me enough details in properties for the assessment or put me List your automated e-mail and send in 3 bedrooms, 2 BTH home in the area X of X dollars or limit the search too to see what I want.

But if the agent does not know you and have all the details, it is difficult for an agent buyers find the ideal property for you. And if you know, many do not go through the effort and time to browse each building on a detailed basis for finding the right property for you (because it's a lot of work for an agent to do for a prospect that could be just "kicking tires"). But before the officers real estate in our list of subscribers gets angry, let me note that some of our purchases come with your help! In such cases, they were almost always the officers who had worked before, I knew what we were looking, and knew they were serious buyers. Mainly, I found that most of our completely on my own property and are very well made (cash flow and appreciation) without using a agent in the selection phase of the ownership process.

But before you fire your agent, I would say that everybody is not for detailed market study that I can do (ask my wife – I am sometimes prohibited the use of the MLS because I feel so out of control), and still prefer to use a buyers agent when we bought. Having an agent represent you, not only to find property. Remember all the things an agent does for you:

* Provides sales of comparable properties in your area of interest;

* Books and take you to appointments to view properties of interest and fields of all calls to sales agents;

* Handles all negotiations on your behalf when you put in an offer to purchase;

* Manages the mess of paperwork following the acceptance a bid;

* After the purchasing agent is generally kept in touch and give you information Update market in your area to help you identify new opportunities in the area and monitor the value of your property.

* And having your own buyers agent eliminates bias or collusion that can exist only if there is an agency contract is to double up.

You do not want to take only one agent, however. Regardless, they are still in committee and earn a commission in when purchasing a property. By Therefore, it is in their best interest for you to buy the house if it is really best for you or not.

Get a dream job Realtor for you

It is imperative that you work with an agent who facilitated the purchase of investment property deal, and even better, more properties itself! (Although Julie argues with me on this – saying "if they invest in real estate themselves, how do you know who you provide the best deals are? Why not buy for themselves? "- So the only thing she and I agree in this case is that the officer must have experience working with investors).

As a mortgage broker for residential use search for agents who said on his Web site that specializes in helping real estate investors. Who was one of my specialties too so I thought I would like to have in common! Well – I can not tell you how many real estate agents I met who said his "specialty" investment property was, however, has) never had one, and b) do not even know what a GRM (gross rent multiplier) or the rate of the CAP! So if you're going to start looking to buy, go in search of your potential real estate agent and then asked:

* How work experience working with investment properties?

* How many investment properties do you own now?

* Can I have some references buyers property investments that have worked?

* How will you find properties to good investment for me to review?

* In addition to sending e-mails that are automated announcements in May fit my criteria for the desired property, what can do to find that "perfect" match?

* What are the criteria used to select investment property for you?

By By course, you need to have a good sense of what you really want before contacting the realtor. Your agent is only as good as the information to provide. If you tell your agent you want a property that makes money each month, which gives not much work. Refine your region before calling. And as always, know your goals! Do you intend to manage the property yourself? Do you mind if a townhouse or multi-family? How much money you put in a fund? Are you willing to make reforms to improve good? And a good salesperson should ask these questions to help you reduce the search. If a real estate agent should not ask questions, you may want to continue looking.

About the Author

In eight years, Dave and his wife Julie have built a multimillion-dollar real estate portfolio in their spare time with minimal cash resources. They publish a
Free Monthly Newsletter
to help other rookie real estate investors achieve their investment goals.

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