Not all real estate agents are built the same and taking advantage of an agent that has some skin in your local market can be incredibly helpful. To better understand how you can come out ahead by hiring a real estate professional, let’s look at 5 ways it pays to work with an agent who is also an investor in Philadelphia.
Every qualified and experienced real estate agent assembles a list of professional contacts over time. An agent who is also an investor is likely to have an even wider web of contacts due to their personal involvement with individual properties, and they will have better-established relationships with those contacts.
An agent-investor calls upon the services of photographers, interior decorators, and construction contractors as part of their regular team. This means hiring an agent-investor in this position could potentially help you access these same contacts if the need for them should arise.
Any serious real estate investor is more than a one-person team and bringing in these contacts to help sell your home could be the missing ingredient that turns your property sale into a complete success.
Every investor is always on the lookout for new properties to snatch up and turn for a profit down the road. Your agent who is also an investor is certain to have something in their current portfolio or spotted a property that could be your next dream home.
While investors are out to widen their profit margins as much as possible, they do this by taking properties and fixing them up, good as new. This could allow you to find a serious deal on a property that fits your wants and needs without the extra hassle of contacting and negotiating with independent sellers.
Your agent-investor keeps their business going by building up a positive reputation and getting involved with your local market on a granular level.
Because of this, they have a reason to do their small part to cultivate or at least maintain a harmonious ecosystem of sorts. An investor who is searching exclusively to profit as much as they can on every single property will sooner or later either price their target audience out of the market or be left without any worthwhile prospective properties.
Therefore, a responsible agent-investor puts forth the effort to ensure long-term profits by doing what they can to act as a stabilizing force in the local market.
Local Market Knowledge
With their eyes constantly trained on their next potential investment opportunity, agent-investors have to soak up as much data about the local market to keep their operation moving smoothly.
Understanding the price points and target demographics of specific neighborhoods quickly become the agent-investor’s two basic data points, and they use these to help steer all their transactions.
Due to your agent-investor’s ongoing familiarity with the entirety of the local market, that more comprehensive knowledge base is an invaluable tool for any home buyer or seller.
Agent-investors come equipped with the negotiation experience of your traditional real estate agent, but they also commonly encounter transactions that require negotiating with shrewd, hard-nosed businesspeople.
Having dealt with more stressful negotiations in the past gives them a leg up when pushing for their clients. Your agent-investor will be prepared to use whatever leverage they feel is available to turn the negotiation in your favor while helping to get all parties to closing.
Help Working With an Agent Who Is Also an Investor in Philadelphia
If you’d like some guidance on working with an agent who is also an investor during your Philadelphia buying or selling process, contact us today at (215) 515-0050!