Characteristics of Top Buyers Agent When An Buying Investment Property

The Barry and Larry Vestera Real Estate Program Radio show

8:00-9:00 AM | April 22, 2022

On the show:

Barry Miller (Host, and Real Estate Agent with Remax Masters Millenium, Denver, CO)
Matt Mansfield (Realtor and Buyer Specialist at Remax Masters Millennium)
Eugene O’Brien (RE/MAX Master’s Property Management PAR/ Vestera Investments)
John Veenstra (Mortgage Loan Officer with Guaranteed Rate Mortgage)

Top characteristics of top buyers agent when buying an investment property

A heart for caring

• A heart for caring is one of the most significant traits you need to look for with top buyers agent when buying an investment property
• An investment specialist needs to have that financial information, knowledge, and the ability for financial information and some statistical data
• Find out how long they have been involved in the financial arena

The Mindset

• You would want an investment specialist who is working for you on your side and that is always asking himself/herself “What can I/we do that is best for you the customer?”
• The mindset of the company should be “What can we do that will be financially beneficial to any and all consumers?”

A skillset that knows hope to get the job done for you

• As an agent, you really have to listen to your clients. 
• You need to understand what they are trying to accomplish to really help them out

Current real estate market in Denver Metro Area

• The median home price is continuing to hold in Colorado real estate market
• Experts still see days of inventory which is going down slightly
• In the Denver Metro area, there are 2900 single family homes for sale currently
• A statistic shows that half of the number of homes for sale will be sold in 2 weeks
• Buyers need to be smart, have a good buyers agent, and have their loans lined up
• In Colorado Springs, there are 1100 homes for sale, 950 of those will be gone in a month
• Half of these homes for sale will be sold in 2 weeks
• The market is strong, it’s a strong economic area in front-range Colorado

How much is the current interest rate?

• Have a buyer agent who’s going to help you get a lower interest rate
• VA/FHA is at 5.7% with no money upfront. A conventional loan is about 6.35%. Investors’ loan with a buy-down is at 6.5%
• Home values are going up at this time of the year, 1.5 – 2% per month
• Demand is still high despite the hesitation from sellers
• It’s a competitive market and buyers are going to find themselves competing with many people trying to buy the same home
• You need to have a rockstar buyers agent to negotiate
• Buyers can have a closing in 14 days with expedited loan processes

Connect with the top buyers agents when buying an investment property!

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!