Investors are always on the lookout for assets which will offer high returns. However, they cannot have eyes everywhere and not all investors can know exactly what to look for and where to look; so in this respect a property agent will be very useful. A good property agent is a major boon to an investor as they have 1st hand information that is ahead of others when it comes to property investment.
In this article we will talk about why you should get an exceptional agent to assist you when you are looking for a property to invest in.
In today’s fast paced era it is impossible to know everything about properties. Some of the areas that we need to know include:
- What type of materials was used and their quality, the design and layout of the property?
- How much is the property value, what is the going rate of this type of property at the moment, and its financial history?
- The taxes for property purchase may be different for each state, what are taxes like in a particular state?
A good property agent will also have in-depth knowledge on subjects such as building technology, finances, taxation, economics and property law, so they will know exactly how to advise and many times help investors to avoid unnecessary pitfalls when investing.
Knowledge of a neighbourhood
Property agents possess an intimate knowledge of a neighbourhood, or they know where in the industry they may find the necessary facts about a particular neighbourhood. They are able to analyse and conduct comparisons of various properties in the neighbourhood to better assist you in your purchase evaluation. Some of the facts would include nearby schools, crime rate, amenities, demographics, rate of returns, growth potentials, the future infrastructure and potential capital appreciation.
Experienced property agents will proactively search for properties and tap into their vast agents’ network to find an asset that best suits your goals from the listing. Through these networks property owners that wish to sell or rent will be able to gain maximum exposure of their properties thus expanding the chance of their properties being sold or tenanted ahead of the competition.
Follow up after closing
Even if the deal is done, the work is not over. After a deal is done and the transaction is over there are still follow up work that needs to be done; this mostly consists of niceties; though it is not expressly the agents responsibility, they can follow up to make sure that the plumbing is working, the electricity is on, the permits are ready and everything, in general, is okay. A good property agent will make sure everything is up to par and, they will always keep you updated on the state of your property.
When one hears the word experience they take it to mean that the person has been in an industry for a lengthy period of time. However, that is not what we mean in this case.
- An experienced property agent will manage your property better.
- An experienced agent can add value in assisting investors in building their property portfolio and to realize their investment goals.
- An experienced property agent is one who is more resourceful and competent in the field.