Getting enough money for an investment property is an exciting time. You can turn this investment income into short-term results or long-term gains with the right steps. But before you make this investment, you must find the right real estate agent.
Below, you’ll find a quick guide you can use to find a real estate agent that works for your investment needs. You’ll learn what to look for, what to know about the technology, and how it can help your investments grow.
Experience is often a great way to determine success in an industry. For example, if someone has been a real estate agent for a decade, it shows they are doing something that works.
But if you want someone who knows what to do, you need a real estate agent with investment experience. Here are some reasons to look for experienced real estate agents:
Asking the real estate agent questions about their background, connections, and experience will help you learn more about their investment work. Working with someone who knows what they are doing, and has been doing it for a long time, can make a huge difference.
But more is needed to have experience in investing. Instead, that experience needs to expand to include investment properties.
Real estate agents might consider themselves investors. After all, buying your first home is considered for many to be an investment in your future. But a real estate agent who claims investment experience might not know what to look for in investment properties.
In busy markets, the best agents specialize in investment properties in a specific location. A combination of local knowledge and more general market knowledge helps.
Here are some questions you can ask to make sure your agent knows investment properties:
Finding the right real estate agent for your investment property goals involves questions on general real estate and investment property knowledge. Good real estate investors know how to help you manage your property, even during tenant disputes. They should also have a process for finding eligible buyers after you want to sell the property.
On paper, this all sounds like a lot of work. But thankfully, technology has made all of this much easier.
Technology is a huge part of everyday life, and our team at Henderson Investment Group uses it to make your life easier. This process follows you from identifying to managing your properties.
Here’s how our real estate system works:
The back end relies on an MLS (multiple listing service) systems, which collects and updates listings for you regularly. On the front end, it’s simple and easy to find properties, so you don’t have to worry about researching properties yourself.
While technology is a great support, there is no replacement for an experienced real estate agent guiding you through the steps.
The real estate market can be a big and complex place. It’s easy to get overwhelmed by the paperwork, data, and potential problems you run into. But a good real estate agent has coverage for these situations, helping you avoid some common pitfalls as an investor.
Good real estate agents start by knowing the local area. For example, they are from here and might have a few investment properties. Don’t be afraid to quiz them on some “locals only” knowledge. A great way to start is by asking your friends and family members for their recommendations. You can also ask them if they have any local references.
Once you find someone who knows the local market, you can quiz them further. This helps you understand how these agents can help you find a profitable property, not feel overwhelmed by paperwork, and get through the process fast.
Part of this navigation leads us back to an important priority: they would make you feel comfortable. Agents who prioritize your needs will be willing to do what it takes to calm those anxieties.
Contact our team today to learn more about how Henderson Properties can help you navigate North Carolina’s estate market!