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Buyers Agents Share Best Tools for Buying An Investment Property

Real Estate Investment Properties In Colorado

The Barry and Larry Vestera Real Estate Program Radio show

8:00-9:00 AM | June 17. 2023

Kathleen Chiras The Best Agent Finder!

On the show:

Barry Miller (Host, and Real Estate Agent with Remax Masters Millenium, Denver, CO)
Larry Stanley (Consumer Guy, Co-host, Barry and Larry Consumer’s Real Estate)
Matt Mansfield (Realtor and Buyer Specialist at Remax Masters Millennium)

Buyers Agents Share Best Tools for Buying An Investment Property

The National Buyer Agents Association provides weekly summaries of the hottest investment tips provided by the radio show hosted by Barry Miller on Saturday mornings, called “Vestera”. Barry, a REALTOR himself and an active investment advisor for purchases all across the US is considered “The Father of buyer agency”.

We combine this information with our own research to provide real estate investors with the best tips and strategies to make a profitable Colorado investment purchase. Tool #1: Vestera provides a proprietary tool for assessing the top 5 markets for profitable single-family home investments. This includes an in-depth analysis of upwardly trending neighborhoods, local rental prices, and CAP rates. If you choose not to engage with Vestera, you can develop your own toolbox of analysis tools for investing. Tool #2: The very first decision one must make for an investment purchase is whether the property will be a) buy and hold (and let the rental income help pay for some or all of the mortgage while the property appreciates) or b. a “flip” property where the repairs and upgrades will substantially increase the new market value of the property.

searching for real estate investment properties

Using a buyers agent to purchase investment properties can offer several advantages…

Buyers agent members of NBAA are required to tell us on their profile if they have expertise in investment properties. When you fill out our member inquiry form, please indicate your preference for purchasing an investment property. Then, our results page will only provide Top buyer agents who have told us they are happy to work with investors.

1. Market Knowledge: A buyer’s agent specializing in Colorado’s real estate market can provide valuable insights on local market trends, property values, and investment opportunities. Their expertise can help you make informed decisions.

2. Access to Listings: Buyer’s agents have access to a wide range of listings, including off-market properties, which may not be easily accessible to the general public. This gives you a broader selection of potential investment properties to consider.

3. Negotiation Expertise: Experienced buyer’s agents have strong negotiation skills and can advocate for your interests when dealing with sellers. They can help you secure favorable purchase terms, such as a lower price, favorable contingencies, or additional concessions.

4. Time and Effort Savings: Property searches, paperwork, and coordination can be time-consuming and overwhelming. A buyer’s agent can handle these tasks on your behalf, saving you time and effort while ensuring a smoother buying process.

5. Network of Professionals: Buyer’s agents often have established networks of professionals, including lenders, inspectors, contractors, and property managers. They can connect you with reliable service providers who can assist with various aspects of property acquisition and management.

6. Objective Advice: As a neutral party, a buyer’s agent can provide objective advice based on their expertise and knowledge of the market. They can help you evaluate investment opportunities, assess risks, and guide you toward properties that align with your investment goals.

Remember to choose a buyer’s agent with experience in investment properties and a solid track record. Conduct interviews and ask for references to ensure you find the right agent to assist you in your Colorado investment property search. Consumers can access a list of interview questions to ask here: https://buyeragentsearch.com/how-to-choose-a-buyers-agent/

buyers agent search for investment properties

Learn the tools that buyers agents themselves use to invest in Real estate

When it comes to buying an investment property, there are several tools and resources that can help you in the process. Here are some of the key tools you can use:

  1. Real Estate Websites: Popular real estate websites such as Zillow, Redfin, Realtor.com, and Trulia provide extensive property listings across the USA. These platforms allow you to search for investment properties based on location, price range, property type, and other criteria.

  2. Multiple Listing Service (MLS): MLS is a comprehensive database used by real estate agents to share property listings. While access to MLS is primarily for agents, some websites provide limited access to MLS listings for the public. Websites like Realtor.com and Redfin have MLS integration, which allows you to access a wider range of properties.

  3. Real Estate Investment Analysis Tools: Tools like Mashvisor, DealCheck, and BiggerPockets’ Rental Property Calculator can help you analyze the potential profitability of an investment property. These tools take into account factors like purchase price, rental income, operating expenses, financing costs, and other variables to estimate your potential returns.

  4. Neighborhood Data Platforms: Websites such as NeighborhoodScout, City-Data, and AreaVibes provide detailed information about neighborhoods across the USA. You can access data on crime rates, school quality, demographics, amenities, and other factors that can impact the desirability of an investment property.

  5. Local Market Research: Conducting thorough research on the local market is crucial. Analyze market trends, property values, rental rates, vacancy rates, and economic indicators specific to the area where you plan to invest. Utilize resources like local newspapers, economic development websites, and reports from real estate associations.

  6. Property Management Software: If you plan to manage the property yourself or hire a property manager, consider using property management software such as AppFolio, Buildium, or Rent Manager. These tools assist in rent collection, lease management, maintenance requests, financial reporting, and other property management tasks.

  7. Professional Real Estate Agents: Engaging a knowledgeable real estate agent who specializes in investment properties can be invaluable. They can provide access to off-market deals, offer expertise on local markets, negotiate on your behalf, and guide you through the buying process.

Remember, buying an investment property requires careful consideration and due diligence. While these tools can be helpful, it’s always recommended to consult with professionals and conduct thorough research before making any investment decisions.

  • The buyer’s agent needs to call the listing agent and get information about what is going on with the seller. And deliver it back to the buyer so when they make the offer, it’s relative to the seller’s need

    • Get the best tips and tools when buying an investment property with the top real estate agents

    The National Buyers Agents Association has a network of top-rate fiduciary buyers agents, as well as a resource of good listing agents. Good listing agents will be skilled in getting you top dollar for your home. Buyer agents mostly have well-established connections to other business professionals who can help make your move less stressful. Simply communicate your needs by filling out the online form where you can get immediate results.  Also, the association manager, Kathleen Chiras, and her staff will contact you back as soon as possible. For faster access to top buyer agents, fill out the form or call 800-383-7188, Mondays through Sundays. The service is continually adding new videos on the home buying and home selling process, so check out our YouTube channel today! See you there!

    • A home buyer’s agent must listen very well. Buyers agent must also understand the buyer’s must-haves, wants, needs, and must not haves
    • They also need to know to select the counties, cities, and neighborhoods to suggest when buying a home or an investment property
    • Selection of top lenders
    • Excellent negotiating skills and a bit of a fierce attitude when it comes to negotiating
    • Great diplomacy
    • Advocate for the buyers in a productive manner
    • Buyer agents must also show FSBO (for-sale-by-owner) homes
    • Some agents often show properties that they listed and so you’ve wasted a lot of time doing that. Instead of looking at the properties you actually want to look at
    • Buyers agent must always be fiduciary and loyal agents to every consumer
    • Buyers agent must not have a passive personality, or have a fear of rejection
    • The buyer’s agent needs to call the listing agent and get information about what is going on with the seller. And deliver it back to the buyer so when they make the offer, it’s relative to the seller’s need

    Get the best tips and tools when buying an investment property with the top real estate agents

    The National Buyers Agents Association has a network of top-rate fiduciary buyers agents, as well as a resource of good listing agents. Good listing agents will be skilled in getting you top dollar for your home. Buyer agents mostly have well-established connections to other business professionals who can help make your move less stressful. Simply communicate your needs by filling out the online form where you can get immediate results.  Also, the association manager, Kathleen Chiras, and her staff will contact you back as soon as possible. For faster access to top buyer agents, fill out the form or call 800-383-7188, Mondays through Sundays. The service is continually adding new videos on the home buying and home selling process, so check out our YouTube channel today! See you there!

    real estate investment properties in Colorado

    Must haves and must not haves of a top buyers agent from Colorado real estate experts

    “What are the critical traits an investment buyers agent must have?”

    • A home buyer’s agent must listen very well. Buyers agent must also understand the buyer’s must-haves, wants, needs, and must not haves
    • They also need to know to select the counties, cities, and neighborhoods to suggest when buying a home or an investment property
    • Selection of top lenders
    • Excellent negotiating skills and a bit of a fierce attitude when it comes to negotiating
    • Great diplomacy
    • Advocate for the buyers in a productive manner
    • Buyer agents must also show FSBO (for-sale-by-owner) homes
    • Some agents often show properties that they listed and so you’ve wasted a lot of time doing that. Instead of looking at the properties you actually want to look at
    • Buyers agent must always be fiduciary and loyal agents to every consumer
    • Buyers agent must not have a passive personality, or have a fear of rejection
    • The buyer’s agent needs to call the listing agent and get information about what is going on with the seller. And deliver it back to the buyer so when they make the offer, it’s relative to the seller’s need

    Get the best tips and tools when buying an investment property with the top real estate agents

    The National Buyers Agents Association has a network of top-rate fiduciary buyers agents, as well as a resource of good listing agents. Good listing agents will be skilled in getting you top dollar for your home. Buyer agents mostly have well-established connections to other business professionals who can help make your move less stressful. Simply communicate your needs by filling out the online form where you can get immediate results.  Also, the association manager, Kathleen Chiras, and her staff will contact you back as soon as possible. For faster access to top buyer agents, fill out the form or call 800-383-7188, Mondays through Sundays. The service is continually adding new videos on the home buying and home selling process, so check out our YouTube channel today! See you there!

    Jan Umali

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