A couple of days ago, I heard some people talking about a listing on the MLS. It seems one of them was looking to sell a nice single family home while the other was looking to buy a single family home. As I watched them do the negotiation dance, it occurred to me how much neither one of them understood the true opportunities that using the MLS brings. They really didn’t have a handle on dealing with DC real estate investments.
Working with Real Estate Agents
Real Estate agent is an essential part of your investment team. Perhaps the most important piece of advice I can give you as a private mortgage lender is to find an agent who specializes in working with investors. The truth is that representing an individual who wants to purchase a home to live in and representing a real estate investor is VERY different. It requires different types of skills that not every Realtor might have.
We got a question from one of our hard money loan clients the other day about whether or not he should hire a real estate agent, or if he should just get a license himself. That’s a great question given the availability of online courses on real estate these days. None of these will take the place of good old fashion research by the way. But the ease of which you can obtain a real estate license has made it a viable option for investors. If you are a real estate investor pondering the same question, let’s take an unbiased look at the pros and cons.
Every investor looking for a hard money loan in the DC area needs the help of a good real estate agent as well. How to differentiate good real estate agents from mediocre ones? In this blog we discuss top five things to do when looking for a right agent for your next real estate investment opportunity.