Most investors know what they’re doing when it comes to real estate. As a matter of fact, investors are very valuable clients and if agents remain open-minded about working with them, they can capitalize on their long-term worth! So that’s why the really savvy investors work with agents in Seattle. Simply put, working with an agent is usually more profitable for investors – which is, after all, the whole point of investing in real estate. A good agent can help an investor save money and time, as well as find the properties that will work best for that investor’s particular business model.
Saving Money
That old bit of financial wisdom is more on the money today than it has ever been – and that is that the easiest way to make more is to spend less. And it’s one of the main reasons why investors work with agents in Seattle.
Rookie investors often think they are saving money buying properties themselves but are they really? The buyer’s agents who work with investors have the valuable and hard-won knowledge, experience, and expertise to help investors find the best ways to negotiate prices. Paying an agent’s fee in order to wind up saving tens of thousands of dollars on a property’s purchase price is a big savings and a sound investment. Real estate investors, on the other hand, typically perform both roles with an investment. As a result, real estate agents have the ability to make more money when working with investors.
Saving Time
A top reason investors work with agents in Seattle is that it also saves them a lot of time, especially those investors who have another job besides their real estate investment business. So investors who don’t work with agents in Seattle often have to sacrifice family time and their precious little leisure time to run their investment business. Finding and researching likely properties can eat up a ton of time.
But an agent’s job is to do all that searching the market and researching the properties for you. And that frees up your time so you can take care of other urgent business matters. Time is money, and the less time you spend on tasks that can be handed over to an agent, the more your investing dollar earns you per hour.
Unlike the standard homebuyer, real estate investors don’t have time on their side. That’s because the success of a real estate business depends on speed – especially flippers. They know what they want, they move quickly to beat out competitors and sell quickly to minimize holding costs. The faster the better. Instead of taking the time to casually shop around in the housing market like many homeowners, they are ready to buy.
Meeting the Business-Model Needs
Different real estate investors have different business models. Some do nothing but fix and flip, others buy and hold in order to rent or sell later, and still others have a combination of those, a hybrid model. So a major task for investors is determining exactly which properties best fit their business model and then sifting through all the possibilities to find exactly those properties.
Investors work with agents in Seattle so that they don’t have to shoulder all this burden themselves. As an investor, you build a relationship with your agent who then knows exactly what kind of properties you need. The delightful – and money- and a time-saving result – is that you can just turn her loose with an idea of what to look for, and she’ll go out and find it for you. With a thorough knowledge of your business model and business needs, a good agent can tell you what you should buy – and not the other way around.
Foran investor (or any other real estate buyer, really) an agent can be a profit-enhancing ally and partner. But, as an investor, you need an agent who knows the ins and outs of real estate investing.
