A proficient real estate agent who also understands real estate investment can provide a wealth of benefits when buying or selling a property in Utica. For property buyers, agents who also invest can help analyze deals, find off-market properties, and connect you with a wide network of real estate professionals. This post highlights the five top perks of working with a Utica real estate agent who can also help you with real estate investments.
1. Expert Knowledge and Insights
Working with an agent proficient in real estate investment means having access to their expert knowledge and insights. They can offer valuable information on current market trends, investment opportunities, and potential risks associated with different properties. This guidance can help you make informed decisions and secure the best possible deal on your Utica investment property. Although some real estate agents appear to be experts in their field, it is important to research their recent transaction history. Have they only sold 2 homes in the last 12 months? On the other hand, are they selling 100 homes per year? In this case, you may not receive the individual attention you desire. This is an important factor to consider.
2. Assistance with Investment Strategies
Real estate investment is complex and constantly evolving. An agent proficient in it can help you navigate the various investment strategies available and offer advice on how to maximize your returns, such as leveraging, flipping, or long-term rental properties. They can also identify properties with high potential returns and advise you on the best way to capitalize on them.
3. Increased Property Options
An agent proficient in real estate investment can expand your property options beyond what is typically available on the market by helping you identify off-market deals, foreclosures, short sales, and other opportunities that may not be publicized. This can help you find the perfect property at a better price and get ahead of the competition.
4. Stronger Negotiation Skills
Negotiation is a critical component of any real estate transaction, and proficient agents can help you get the most out of your investment. They have honed their negotiation skills and can assist you in negotiating better deals, whether it’s a lower asking price, more favorable terms, or a higher return on investment. They can also help you navigate any legal and financial complexities that may arise during the negotiation process.
5. Long-Term Investment Planning
Real estate investment is a long-term game, and proficient agents can help you develop a long-term investment plan that considers your goals, budget, and risk tolerance. They can help you identify properties that offer the best potential for long-term returns and advise you on strategies to maximize your returns over time. By working with a proficient agent, you can make intelligent investment decisions that will pay off in the long run.
BONUS – Access to the MLS
One of the most valuable tools any real estate professional can possess is the MLS, or Multiple Listing Service. The MLS contains more than 90% of all home listings in any market. Only a licensed real estate agent can have full access to the MLS, but can extend a portal search to their clients very easily. This is important as it provides some of the best, most accurate sales data in your market. Utilizing this as a research tool can provide an exceptional advantage over other homebuyers. Additionally, a full-time real estate agent should be conducting a lot more deals on a regular basis than the average investor. This hopefully will translate into more overall knowledge and understanding of the closing process, and how to navigate potential roadblocks.
Perks for Home Sellers, Too!
Agents who also work as real estate investors can offer numerous benefits for property owners who need to sell. Our team here at Fast Cash Home Buyers can help you analyze your selling options so that you can determine if you should list the house on the MLS or sell it directly for a great cash price. Being able to view the transaction from all angles will ensure you achieve the best results when buying or selling real estate in Utica.
Working with a proficient real estate agent who also understands real estate investment can offer beyond what you might typically expect from a traditional agent. They can provide expert knowledge and insights, assistance with investment strategies, access to a wider range of property options, stronger negotiation skills, and long-term investment planning. But the benefits don’t stop there. An investor-agent hybrid can also help you sell your house to achieve the best results possible. If you’re considering investing in real estate in Utica, work with a real estate agent here at Fast Cash Home Buyers who can help you achieve your investment goals. Reach out to our team today to learn more about what we can offer you! (315) 351-2772