Your real estate agent is your window to the market. They are your eyes and ears and can have a big impact on your success.
As a result, finding the right agent is a must. Any agent can find property for you, but it takes an experienced and dedicated agent to find what you are looking for. Even though this may be a challenge, it is definitely worth your time and effort.
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Because the entry barriers are rather low, you will find a lot of differences between real estate agents. While some may have years of experience and a large amount of investment knowledge, others may have zero investment knowledge and are completely new to the game.
You will find some who only work part-time, and some who do not work at all … Because of the large differences between agents, it is important to understand your agent's mindset, experience and work ethic.
Although you can walk into an old real estate office and pick the first one you see, this might not be the best choice. So where do you find a good agent?
Start by asking around. Find out who other investors have used and what they think about these people. You can learn a lot from other people's experiences. Is this will be used, or what is not used … it's all valuable information.
Another effective way to find an agent is through professional recommendations. Lenders, accountants, developers, etc. will most likely have a working relationship with a real estate agent. Use these individuals as resources. Tell them what you are looking for and they might have your man/woman.