Looking for a home or selling one is not easy. And trying to find a qualified real estate agent is no less complicated. You want an agent that you can bring the best value of your time and investment. Most investors have several other obligations and having a competent agent is a great benefit. Here are seven questions to ask when you are searching for the right agent for your investment needs.
1. How many homes/investment properties do they own?
a. If they answer none, take heed
2. Can they provide a list of bank owned and foreclosed properties in your area?
a. If they can’t generate a list, take heed
3. Can they provide property details?
a. Days on market, tax value, and list of comparables
4. What the property is appraised for?
a. The correct answer is – Ask an appraiser!
5. Do they have a list of contractors and vendors?
a. An agent should network to advertise your investment and to find you deals.
6. Can they provide documentation and explain their business organization?
a. Each agent should know their business and if not, take heed
7. Can you trust them?
a. Go with your first mind