As a real estate investor, purchasing an investment property is perhaps the largest financial transaction you can ever make. Working with a realtor is essential because investing in a property is expensive and complicated.
The CMA (also known as “comps”) compares the specifications of your house to similar homes on the market and comprises information such as price, square footage, and the number of bedrooms. An experienced realtor will make this aspect a priority.
Few clients could indicate a realtor with little experience or who has not come highly recommended by previous real estate investors. Because word of mouth is essential in the real estate industry, the best realtors are likely to be in high demand.
When interviewing a real estate agent, inquire about his or her experience in the industry. Find someone who has been a full-time realtor for at least five years, and stay away from people who do it part-time.