Should You Team Up With a Real Estate Agent?

Sooner or later, every real estate investor needs to decide whether or not they want to enlist the aid of a real estate agent when it comes time to sell a rehabilitated property. It’s important to understand that there is no right way to go about things. Whether or not you use an agent is entirely up to you, but understand up front that there are specific pros and cons that come along with each option. Let’s take a closer look at how you can determine whether or not working for an agent is right for you, your team, and your property.The Upside of Real Estate AgentsA real estate agent (or two or three) can be a wonderful resource for a busy real estate investor to have in their corner because of the amount of help they’ll be able to provide when it comes to getting their properties sold. They can help you price the property, as well as take care of showing it to any prospective buyers who are interested. They can even help you assess the lay of the land in regards to the market if you’re less experienced or even completely new to real estate investing. Either way, you’re sure to have a lot more time on your hands when it comes to other aspects of running your business.If you are new to the game, you might definitely want to consider working with an agent. They’ll understand a lot of things that you don’t yet about pricing and selling your properties, offering you a terrific opportunity to learn more about the business and get assistance all at one time.The Downside of AgentsThe biggest con to working with an agent is probably going to be the fact that you need to figure them into your plan as far as your expenses. Agents collect commission fees for their services. On top of that, it can sometimes be difficult to find the right person, since many agents really don’t properly understand what you do as a real estate investor. The idea of selling a property below market value isn’t the most attractive thing in the world to most agents, as it affects their commission.Choosing the Right Person to Work WithIf you do decide you’d like to give working with an Agent a chance, then it’s of the utmost importance to make sure you hire the right professional. First of all, make sure you get someone with plenty of experience under their belt. Don’t be afraid to request and follow up on references! You might also want to choose someone who is used to working with Investors. Most importantly of all, try to choose someone you have a good rapport with to ensure that your working experience is as smooth as possible. Always makes sure that you draw up a contract and work within its confines to protect all parties involved as well!