As a real estate investor, working with a real estate agent when you’re in the buying phase is great because you probably won’t pay a dime for their services. This is because, usually, the seller pays all real estate commission.
However, even though you may be getting a free lunch, you still want to make sure you’re working with an agent who’s experienced and knows where to find you the best deals. You need an investor savvy real estate agent.
Here are 5 ways you can find that tech savvy agent you need to help you succeed.
If there’s anyone who regularly interacts with real estate agents, its title companies. Call up title companies in your area and ask them to recommend an investor savvy real estate agent. They’ll be happy to do so.
Real estate agents also work closely with lenders. Call up a few local lenders to get a good recommendation. When calling, you’ll want to ask specifically for the commercial lending department as these are the loan officers that work primarily with investors and their agents. You’ll have the most success calling up the smaller, regional banks as they offer portfolio loan products that investors usually need.
Why not just call the office where real estate agents work. A quick Google search will reveal the local real estate offices in your area. Call up a few of the bigger ones and ask to speak to their top agent that works primarily with investor clients.
Property managers can be a good source as well. Many property managers are also licensed real estate agents, so they are likely able to help you find deals or point you to an agent who can help you.
Real Estate Investing groups are a great way to network and locate a real estate agent that is the right fit for you. You can find these groups by calling the local Board of Realtors or any one of the sources I’ve previously mentioned. Additionally, you can find these networking groups through a site call meetup.
So, next time you find yourself asking, “How do I find an investor savvy real estate agent?”, now you’ve got the answer you need.
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