If you’re looking to purchase real estate as a first-time investor, there are several important factors that should be taken into consideration, one of which is selecting the best real estate agent to help you along your investment journey. EXIT Realty of the Carolinas says that while you can hire any licensed real estate agent you wish, you should carefully select one that has experience assisting real estate investors in particular. Learn how to find the best real estate agent for your investment needs by keeping in mind the following when choosing one to hire:
- Area Of Expertise: There are many types of real estate, from commercial buildings, land, and residential homes. Select a realtor who specializes in the type of real estate you’re interested in investing in. Additionally, find a realtor who has several years of experience under their belt and knows the ins and outs of the real estate market in your area.
- Professional Designations: While it’s a requirement for all real estate brokers to be licensed, it’s not necessary for them to hold specialized designations or certifications. If you’re planning to invest in real estate, select a realtor who has experience helping investors. For example, you might want to hire one who is a Certified Commercial Investment Member (CCIM) if you're interested in purchasing a commercial property.
- Commissions: Investors hire realtors to help them purchase a property in return for a commission. Keep in mind, however, that hiring a realtor who collects a significantly lower commission than other agents is not necessarily the best choice. Sometimes cheaper isn’t always better, especially when it comes to investing a large amount of cash. You want to make sure you have an expert on your side, and sometimes paying a higher commission is well worth it in the end.
- Length Of Contract: Most real estate brokers are hired under contract for a certain length of time. Some contracts can last as little as a few months while others can range up to a year. Carefully read over any contracts before entering into a binding agreement with a realtor to ensure you’re getting the proper length of service you need.
To find a realtor to help you purchase your next investment or to learn about training opportunities to begin your own career in real estate, give the experts at EXIT Realty of the Carolinas a call today at (843) 343-3947. Visit them on the web to learn more about their services and available agents in your area.