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5 Reasons To Include A Real Estate Agent In Your House Flipping Venture
House flipping can be a very profitable venture for those who are resourceful and knowledgeable enough to do it right. Is this a means of profit you might like to investigate? If so, you would be doing yourself a favor by involving a real estate agent.
Stepping into house flipping without experience is risky. Unless you are very knowledgeable about the real estate market and have made successful investments before, you should not go it alone. You will need the assistance of a professional with experience. And who better to assist you on this journey than your local real estate agent? Using the resources they have at their disposal, you’re guaranteed to enter at a lower risk. With this in mind, here are five reasons to include a real estate agent in your house flipping venture:
1. Access to MLS
Real estate agents have access to a very handy tool that can help you choose which properties to purchase. The MLS, or Multiple Listing Service, compiles information on houses and foreclosures in a specified region. Using the MLS, you can properly gauge a home’s value, which will help when it comes time to make an offer.
When working with a real estate agent, you can ask them to check for comparables (comps) whenever you find a property suiting your interests. If you work closely enough with your agent, you can identify the most cost-effective purchases in the area.
2. Professional Advice
Agents have some you can’t put a price tag one: Experience. They have a deep, intimate understanding of the local market, its fluctuations, and how to properly value real estate. Additionally, they often have insider information on what’s happening in the market. They can advise you on what is and isn’t a smart move. They can also assist with negotiations and finding properties. No matter what questions you may have, they are always available to make sure you have a good handle on what’s going on.
3. Making the Offers
Making an offer can be a daunting task, especially if you don’t know where to begin. This, of course, is where an agent can be of immeasurable value.
In conjunction with their use of the MLS, agents draw up the necessary paperwork and go in for an offer. They do this for a living, so they know how to play hardball. It’s easier for a seller to gain the upper hand when dealing with a novice than a trained professional, so leave the price debates to the trained experts.
4. Bringing You Buyers
After you’ve purchased a property, completed repairs, upgraded and needed, and brought the property to “turnkey” condition, you’re going to need a buyer. Of course, you could list the property yourself and deal with the hassle involved in marketing a property, or you can let your real estate expert market it for you.
Agents are well connected, and they know how to connect buyers to properties. Working with a real estate specialist will be of benefit from the beginning, all the way to the very end. And just think, the same agent who helped you purchase the house now has real insider knowledge of how the property has improved, giving them a marketing and selling edge.
5. Your Mentor
It’s not unusual for real estate agents to flip the occasional house, so they can take you on as a protégé. They can show you the ins and outs and help you make better decisions on your own. Mentorship programs are out there, so go out and find the right person to take you on.
So there you have it. Real estate specialists can be an invaluable asset in any house flipping endeavor you decide to attempt. With all of their valuable knowledge and resources at your disposal, why wouldn’t you want their help? Any novice house flipper would be at a serious disadvantage if they opt to go it alone, especially considering all the hefty risk involved in such an ambitious investment.
Going with some expert assistance is a no-brainer. Don’t hesitate any longer; find a local real estate agent to guide you through house flipping today!
Whether it is your first home or the home you plan to retire in, I will be there to ease the process every step of the way! I find great pleasure in helping people achieve their goals in real estate a....