Why you need an investment-savvy agent on your team.

And how to recognize one when you see them

Key Takeaways

• An open communication and collaborative spirit create a team atmosphere.
• Investment-savvy agents know what kind of investment will offer the highest value and return.
• Investment-savvy agents are your eyes and ears within the real estate community.

Real estate investors often overlook the role a partnership with a real estate agent can do for them in their quest for investment property transactions. These investors will do their own research, seek out opportunities and then find a real estate agent to help them, never creating a solid working relationship with one person.

But this should not be the case. An investment-savvy real estate agent can be a valuable member of your investment team, who brings industry knowledge and market insight unavailable to the average investor.

So how can you spot a truly investment-Savvy real estate agent when they come along? Every agent’s website talks about how much they love to work with investors. Most do not!
Not only do they complain about wasted time spent writing lowball offers, but they also lack the experience necessary to identify solid investment opportunities. Who are these investment-savvy agents? What makes them different from the average agent? And most importantly — how can they add value to your investment team?

The opportunity

Investment-savvy agents know how to look at properties in an unconventional manner. They search for motivated sellers. Although part of the package does need to include the value of the property to the traditional buyer, the right opportunity for an investor is certainly not going to be priced at retail value.

Investment-savvy agents know how to look at properties in an unconventional manner.

The relationship

Building a long-term relationship with an investment-savvy agent means having an honest understanding of the investor’s long- and short-term goals. An open communication and collaborative spirit create a team atmosphere wherein each property can be analyzed and decisions made.

An open communication and collaborative spirit create a team atmosphere.

The strategy

Investment-savvy agents learn the strategies that their clients utilize in their investments. Does the investor search for buy-and-flip opportunities, or do they buy and hold? Some investors are comfortable working with both types of investments some prefer one or the other.
Investment-savvy agents develop their strategies based on the clients’ needs, goals and portfolio.

The market

Of course, all agents must know their market, but the market is different for investment properties.
For instance, the same house could sell for thousands of dollars higher if marketed as an established vacation rental with history versus a single-family home. Investment-savvy agents know this and can help their client position properties properly.
By reading the market and its trends properly with an eye toward investing, investment-savvy agents know what kind of investment will offer the highest value and return.

Investment-savvy agents know which investment will offer the highest value and ROI.

The numbers

The biggest difference between traditional real estate agents and investment-savvy agents is the numbers. The agents need to understand how to calculate the cap rate, the pro forma and much more. They must recognize how these numbers affect the viability of an opportunity and how to explain that in terms of the market itself to their clients.

Working with trusted investment-savvy agents can add value to your real estate investing team. Having a resource for the market, the numbers and the opportunity that you can trust will save you time and money.

As your investment-savvy agents learn more about you and your goals, they will be able to research and present opportunities you could never find on your own. They can bring you profitable options that enhance your business.

They are your eyes and ears within the real estate community. The best investment teams include an Investment-Savvy real estate agent who is involved at every stage of the investment process.
For free sample list of probates, inherited, foreclosure, pre-probates, vacant properties, absentee landlord, tax deeds and other motivated real estate seller lists visit us www.realsupermarket.com

Investment-savvy agents are your eyes and ears within the real estate community.

6 Factors to Consider When Buying a House

Financing another house is quite often difficult. Unless the buyer has a vault loaded with gold hidden some place, it’s feasible that he will need to take some time to consider regardless of whether he is prepared to make this sort of money related responsibility.

In the event that done right, buying a home can be both a savvy cost and great investment.

It doesn’t make a difference in the event that buyer has acquired some time recently, buying a house is an energizing and distressing experience. Which is the reason it’s critical to remember that it includes many moving elements and segments?

It’s anything but difficult to become involved with the anticipation of another home, yet buyer should likewise be watchful when making an investment as large as this that he doesn’t miss the better subtle elements. 6 Factors to Keep in Mind When Buying a House:

1. Evaluate finances

Buyer can get a home loan from most banks by providing 5% of the cost of the house as a deposit. Reimbursing home loans, in any case, is one of the better points of interest buyer have to ensure he can meet. It’s imperative to assess where he stands financially before he invests into a property.

2. Map out a plan of attack

After the buyer has assessed his financial position, it’s essential to utilize the learning he has picked up to create a spending plan for the investment and stick to it. Buyer should abstain from overspending while at the same time buying a house, as this could risk financial stability. While skimming through appealing investment properties, the buyer should just consider the ones that his financial plan can deal with.

3. Location is essential

The costs of houses have a tendency to fluctuate in various areas relying on a few distinct components. A house in a zone that is all around associated as far as a framework, for example, open transportation and shops, for instance, will cost more than a house in suburbs. Ordinarily, most areas have their own unique advantages. Discover what suits his financial plan and addresses every one of his needs before he settles on which property to buy or put resources into.

4. Sort out family financial future

Buyer should ensure his family’s future isn’t undermined on account of the investments he is making now. In the event that buyer hasn’t just purchased extra life insurance, now is a decent time to do it. When a buyer is not there to accommodate his family, they can utilize the life insurance to pay off the home loan. Along these lines, the buyer can ensure that his family can keep their home, even in his absence.

5. The state of real estate in his area

Whether the buyer is moving to an alternate state or remaining in a similar suburb, he should do his exploration before spending excessive cash on real estate. The costs of properties regularly go here and there relying upon the market; on the off chance that buyer sees that property estimations are on the decrease in the area he is taking a gander at, it may be a smart thought to talk with a mortgage broker about whether he should hold up or buy now.

6. Consider maintenance costs

When a buyer purchases a house, he should investigate it completely. Gets some information about the state of the house, for example, building materials, any redesigns, increases and so on, in order to abstain from winding up with a bad deal? Keep in mind that maintenance costs may wind up eating intensely into his reserve funds in the event that he purchases a house that is dependable needing repairs.

For free sample list of probates, inherited, foreclosure, pre-probates, vacant properties, absentee landlord, tax deeds and other motivated real estate seller lists visit us www.realsupermarket.com

Working of a Real Estate Virtual Assistant with 3 Tips

3 Tips to Working With a Real Estate Virtual Assistant By Rebekah Zobel Jones

    For some, the world of Virtual Assistance can be confusing. If you have never worked with a Virtual Assistant before, you may be unsure just how this all works. You might be used to an assistant who comes in to the office every morning, makes the coffee, sorts the mail, answers phones, and generally makes herself useful in many ways. If you have a task that needs completing, you take a few steps from your office and hand it in to your assistant. If this is what you are used to, then welcome to the world of Real Estate Virtual Assistants! Working with a Real Estate Virtual Assistant, or REVA, can be similar, but is always so much more rewarding. Here are three tips to keep in mind when starting a business relationship with a Real Estate Virtual Assistant.

 

1) Mentality
 
    The first thing to remember is that your Real Estate Virtual Assistant is an independent business owner and as such is much more of a colleague than an employee. She has a wealth of information and experience at her finger tips. Don't be afraid to ask questions and answer those she asks you. You may be surprised at the suggestions she offers!
 
2) Communication
 
     Be sure to keep in contact with your Real Estate Virtual Assistant. She may ask that you to connect with her on a short phone call once a week. This is an ideal way to keep you both informed. These calls do not have to be very long, but are excellent ways to quickly touch base and go over the plans for the week. For regular communication, email is a preferred method - though fax and snail-mail also work in some instances. Be sure that no matter how your REVA contacts you, you respond in some way. If you keep open lines of communication between you and your Real Estate Virtual Assistant, you will be amazed at what takes place!
 
3) Feedback

    This is so essential in any good working relationship. If you are pleased with what your Real Estate Virtual Assistant is doing, let her know! This encouragement can go a long way. By sincerely complimenting her on what she has produced for you, you are helping her recognize her value to you and make her more willing to tackle those difficult projects. The reverse is also true. If you are unhappy with what your REVA has done, let her know in a kindly way. Her desire is to produce work that you are happy with. Again, this is all part of keeping the lines of communication open. Make sure you are on the same page - feedback is vital to this relationship!

    While these tips may seem like common sense, putting them into practice can really boost your relationship with your Real Estate Virtual Assistant. By being free to ask questions & offer suggestions, both of you will enjoy greater success. Spend a few moments now listening to what your REVA is telling you. You will be thrilled at the results! And now I would like to invite you to claim your Free Instant Access to my mini-guide,

Article Source: http://EzineArticles.com/1433112

For more information on real estate virtual assistant services and real estate support services contact us www.realsupermarket.com ,offering a wide range of real estate support services.