Invest with an expert Looking for an investment property or vacation property? Be careful which real estate agent you choose. Did you know that most residential real estate agents make an average of $20,000 per year and are struggling to survive? Brokers are called Brokers because most of them are “broker” than you. When choosing a real estate agent, it’s imperative to ask the following questions….
How long have you been in the business? Many agents jumped into the profession during the 2000 – 2005 real estate boom. Their only experience is during a bull market. You need an agent that’s been in the business for many years and in different markets.
Are you an active real estate investor? It would be unwise to take accounting advice from an accountant who doesn’t have investments. Be sure your Realtor is an active real estate investor and knows the ins and outs of real estate investing and is educated on the tax advantages of buying and selling real estate.
Where are the three best deals right now? Be sure your agent knows where the best deals are at all times. The deal of the decade comes around once a week. There are thousands of great deals out there, even more so in today’s market. Does your agent know where they are?
Will you represent me as a Buyers Agent? Many times calling the agent on the “for sale sign” isn’t a good idea. Most of these agents represent the seller and their job is to get the most money for them. Find an agent that represents Buyers. There is no cost to you and they will look out for your best interest.
- Written by Dennis Allen, REALTOR/Investor