The real estate investment market is a very complex and competitive industry. Whether you have years of experience or you’re planning on making your very first investment, it’s essential that you work with trusted real estate investment advisors.
Roughly 88% of all homebuyers purchase their property through a real estate agent. In order to find a quality investment agent, however, you’re going to need to do your research. Here are a few helpful tips to finding and working with a helpful real estate investment agent prior to your first investment deals.
Discuss their experience
Especially if you are inexperienced, you’re going to need advice and assistance from an investor who has years of experience in this difficult market. Ask any potential advisor exactly how long they have been licensed and how long they have worked in the specific market where you are thinking about buying or investing.
Seek out local referrals
Talk to any friends, family members, co-workers, and neighbors who might’ve worked with the investment agent in question to get a better feel for him or her. If you hear a few stories demonstrating a lack of knowledge or professionalism, you might want to tread carefully with that particular agent. If everything checks out, though, you should be all set for a successful transaction. Even if you don’t know anyone who previously worked with that particular investment advisor, simply ask for their references and call their past customers.
Discuss sticking to a strict (and realistic) budget
Everyone’s financial situation is different, and an experienced investment agent will be able to take your finances into account throughout every step of this rewarding journey. Be sure to let your advisor know exactly how much you plan on investing, both now and in the future, and stick to the budget no matter what. The easiest way to fall into bad investment territory is to invest much more than you actually have — don’t let it happen.
Real estate investing can be exciting but it can also be quite intimidating for beginners. Consult with a trusted real estate investment team to ensure that you’re making the right moves. And if you want to learn more about investing in real estate in Silicon Valley or buying a home, contact The Urban Group Realtors today.