Real estate tips and tricks from Armando Montelongo
Special Report: How to Choose a Real Estate Agent
When it comes to your real estate investing team, there are few team members as important as a real estate agent.
Agents have access to a wide range of listings. They have a network where they can find out about deals, and they know and understand their communities. They know local people in the business, from bankers to trust companies. And the best ones – the ones you want to find and have on your team – understand exactly what you need as an investor.
It may take some shopping around, and you probably will work with several agents, but eventually you’ll find this valuable team member.
With the help of some of our students, we’ve put together a guide for finding the right real estate. It’s available to you by clicking below:
How to Choose a Real Estate Agent
After you download and read the report, share your thoughts in a comment below.
Does this information help you in your search for the right agent? What has been your experience with real estate professionals? What do you feel you are missing to succeed in today’s changing real estate market?
You are part of the solution in turning this economy around, and your success in real estate investing depends on your answers to these questions and any other unanswered questions you may have.
(Updated May 14, 2012)
Choosing a real estate agent is very important. You will be able to work with them on some great deals, and they will learn what you are looking for and find it at the right price. They can also can help when you want to flip. Ours always had people pre-approved for the price of the house that you had to sell. That way, you did not waste any time on someone that could not afford what you had to sell. In flipping houses this is very important. It makes it faster and you will not tie up your money for too long…. go ahead and find the right agent and friend, good luck.
When picking agent you are better off with listing agent. This way, there is no confusion on fiduciary. I worked with buyers’ agent but when the deals get to the wire, he is still working for commission but gives the illusion he is on your side. The biggest reason is the fewer people in the deal, the closer you are to the information without a filter. I lost over three deals in two weeks due to buyers’ agent not helping me convince bank that my offers were more then fair instead of pushing me to accept counter offers that broke the deals. The lenders are more apt to accept listing agents’ word then buyer’s agent. If it takes cut in commission to make deal work you only have one to work with. Do not be drawn in to false sense of security that the buyer’s agent works for you. He wants to be paid even at your expense. Multiple deals usually means multiple agents that work for lender in foreclosures.
Thanks for the good info.
i need to sell or rent my t.h.condo any tips. iam behind on condo fees. thanks charles