Key Considerations and Qualities to Look for in Your Agent
Throughout your wealth-building journey, the engagement of a buyer's agent becomes pivotal for various aspects. Here are distinct scenarios where their expertise proves invaluable:
1. First-time Home Buyers:
a. Ensure your Real Estate Agent has affiliations with reputable lenders to elucidate diverse loan options.
b. Assess if your agent possesses a wealth-building strategy, offering insights into long-term investment avenues such as single-family properties for rental income, multifamily units for shared expenses, or properties for equity growth.
c. Recognize the intricacies of contract negotiation, with over 16 points of negotiation to secure advantageous terms in multiple-bid situations while safeguarding the buyer.
2. Move-up Buyers:
a. Explore purchase options when dealing with an existing property, including selling before buying, buying before selling, converting your current home into a rental for passive income, or leveraging equity for a down payment.
b. Inquire about undisclosed properties and gauge the size of your agent's network, as larger offices may have more access to off-market listings.
c. Capitalize on your agent's relationships, especially with property rehabbers and new construction entities, to unearth additional property opportunities.
For those contemplating Real Estate investment and seeking passive income, inquire about your agent's personal Real Estate investments, property portfolio, and inquire about their connections with commercial Real Estate Agents.
For tailored guidance and expertise in investment properties, consider consulting with Wehnes Group Real Estate. Our experienced professionals can provide valuable insights to help you make informed decisions and navigate the complexities of the real estate market.