When you invest in real estate, it pays to work with an agent that knows the unique needs and challenges investors face. The good news is that investor-friendly real estate agents do exist. But it’s not always easy to find them.
You can start by asking fellow investors who they use in your area. Or, if you prefer to find your own agent, check the websites of local brokerages to see if their bios say anything about working with investors.
Once you have a shortlist, compare them with the following criteria to see how investor-friendly they really are.
They’re Investors, Too
If you can find a buyer’s agent that’s also an investor, consider it your lucky day. Agents who have their own investing experience can bring a lot of insight and expertise, giving you an automatic leg up in the process. This is especially helpful if you’re new to real estate investing, as they can likely answer your questions better than a jack-of-all-trades agent.
They Have Experience as a Buyer’s Agent
One of an investor’s biggest priorities is to get a property for the lowest possible price. This is true with any buyer, and an agent that has a lot of experience representing buyers will be the best resource in the transaction.
Ask the agent if they work more with buyers versus sellers. If they’re well-versed on the buyer’s side of the transaction, take it a step further to see how many of their buyers are also investors.
They’re Willing to Make Multiple Offers
Acquiring an investment property may take more back and forth than the typical real estate transaction. This naturally requires more time and effort from your agent, which means they should be willing to invest as much time as they need to close the deal.
Not every agent has the patience for so much rejection. Make sure your agent can put in the work and doesn’t mind tossing out numbers until one finally sticks.
They Work with Lots of Investors
Investor friendly agents carry more than a label. They also have extensive experience in helping investors buy properties to flip or rent. That’s not to say that a newbie can’t help you get a great deal, but it’s hard to argue with real expertise when you’re trying to make money on your real estate purchase.
They’re Local Experts
Real estate investors aren’t limited to their own markets. Oftentimes, they’ll look in areas in other cities or states that are ideal for buying low and selling high. If you’re looking in unfamiliar territory, you’ll want to partner with an agent who’s an expert in that market.
Agents keep their finger on the pulse of their markets and can help you be the first to learn about investment properties when they become available. They can also help you avoid potential scams that prey on unsuspecting investors.
This is one box you don’t want to leave unchecked. Even an investor-friendly agent that’s otherwise perfect won’t be able to adequately serve you if they don’t know much about the market you want to buy in.
Find an Investor-Friendly Agent with Clever
Finding an investor-friendly real estate agent can take some searching, but it’s worth it to know you’re working with an agent that will give you the best possible buying experience.
If you want to save yourself the hassle of searching and get right to business, Clever can help. Our Partner Agents are top-rated real estate agents who are experts in their local markets and have experience in unique transactions, including work with investors.
Reach out to Clever today and let us connect you with an investor-friendly Partner Agent that can help you find optimal investment properties that will pay off in the long run.