Real estate investors need to find a realtor whom they can partner with to ensure their business becomes a success. Working with the right realtor is essential if you want to have smooth and headache-free real estate transactions. We spoke with the industry experts who share different ways to help you find a great realtor.
Use the following tips to know how and where to find a realtor who’s right for you:
1. Search for Recently Sold Property Listings Online
Bobby Montagne, CEO, Walnut Street Finance
One simple yet prudent way to find great realtors is to check the recently sold property listings from various online sources and find who the listing agents were. These agents may even have a potential buyer, people who they are already working with. Also, they can give you tips regarding what helped nearby houses sell quickly and how to differentiate yours if you are selling.
2. Find Agents Who Are Experienced Investors Themselves
Marco Santarelli, Founder & President, Norada Real Estate Investments
Finding an agent who specializes in investment real estate is a tough task. You’ll want to find an agent who is an experienced investor themselves. My experience shows that only 1 percent of real estate agents are actual real estate investors. Finding one will take time and effort on your part, sifting through and interviewing many of them until you find that right person. Even then there may be shortcomings. An alternative is to work with a turnkey real estate investment firm, like Norada Real Estate Investments, a real estate brokerage with Investment Counselors that deals exclusively with investment real estate. It’s another option that will allow you to save time.
3. Ask for Referrals from People within Your Network
Sharon Paxson, Founder, Newport Beach Real Estate Cafe
Most of the real estate agents stay busy because they receive referrals from their prior satisfied clients. After a real estate agent has earned the trust of a client, they will gladly refer that agent to their friends and family. When looking for a real estate agent, ask for other’s experiences with their agent. Generally, agents who are referred are those who have gone above and beyond with their service and their responsibilities with their clients. Successful agents ensure that client satisfaction is of the utmost priority, and put their client’s needs first above all others.
4. Use Zillow to Find Good Realtors in Your Area
Frederic Lardinois, Founder, SiliconFilter
Zillow is a website famous for browsing real estate listings. It is also used as a referral service for realtors and agents. It has an agent finder tool that allows you to find the right realtor in your area. This tool shows the most active agents in a given area based on past sales and their number of current listings.
5. Check Various Online Directories
Alex Glaser, Real Estate Agent, Long & Foster Realtors
Online directories are a great way to find a realtor in your area. There are several online realtor directories available. You can find one by searching on Google first, then narrow down the results by searching based on your state, city, or county.
6. Ask for Referrals from Your Friends in the Industry
Seth Lejeune, Realtor & Blogger, AskSethAnything.com
When it comes to finding reliable realtors, getting referrals from the people whom you trust in the real estate industry will go a long way. If you have close and trusted friends who are real estate investors like you, ask them if their realtors have successfully navigated a complex deal and if they could refer a good one to you.
Your bank may be a good source of recommendations when it comes to finding a great realtor. If your friends or family can’t refer anyone, you may ask your banker if they have a list of credible realtors whom they have previously worked with. It’s still necessary, of course, to screen their recommendations to ensure that they’re the perfect match for your needs.
8. Do an Extensive, Segmented Online Research
Herndon Davis, Mortgage Broker & Loan Officer, MortgageRealEstateServices.com
An extensive, segmented online research is a great way to find good realtors. There are different online resources which can provide you with recommendations and reviews. When searching, be sure to focus on the specialties and other key metrics that are important to you.
If you’re a new real estate investor looking for a property to buy, try attending some open houses in your area. You can often see realtors in open houses, which means they can be a great opportunity to personally meet them and gauge their personality and skills.
10. Interview Several Prospects Before Hiring
Luis Dominguez, Realtor Associate, Douglas Elliman Real Estate
Before hiring an agent or committing to work with a particular realtor, make sure to spend time to interview and get to know them. Find out how many investors they have worked with and the kind of investments they are more familiar with (either rental properties or fix and flips). By interviewing several prospects, you will be able to narrow down to the one you’re most comfortable working with.
11. Seek Referrals from Social Media Platforms
Chantay Bridges, Premiere Real Estate Expert, Real Estate Professionals World Enterprise Marketing
One way to find great realtors is to use various social media platforms. You will get referrals from different users within your community. If the same realtor is being referred by several users, it means the realtor being referred is really good and those who referred him/her are satisfied with the realtor’s work.
12. Get Recommendations from Your Neighbors
Teddy Shonka, Owner & Real Estate Professional, The Shonka Group
If you’re in need of a realtor to help you sell a property, you can get recommendations from the owners of the other neighboring properties. They might have worked with a realtor when they bought their properties. By talking to your neighbors, you may be referred to a credible realtor in your area.
13. Look for Real Estate Signs in Your Community
Joan Brothers, President & Licensed Real Estate Broker, Manhattan Boutique Real Estate
Real estate and yard signs are still a good source of active realtors in your area. Pay attention to these signs when driving around your community. Make sure to interview them and test their knowledge about the current real estate market in your area before deciding to work with them.
14. Get Referrals from Contractors
Lukasz Kukwa, Real Estate Agent, Coldwell Banker Residential Brokerage | Westfield East
Contractors can provide you with a list of great realtors whom they have worked with. If you have previously worked with a contractor, ask if they can recommend a good realtor whom you can partner with. Make sure to hire a realtor who understands how a house is built and can help identify cosmetic and structural issues of a property.
15. Post Your Requirements in Your Local Facebook Group
Brian Swan, Realtor, Swan Realty
One of the most efficient ways to find a realtor is by using Facebook. You can post your requirements in a local Facebook group and you’ll most likely get referrals from other users. Make sure to choose a realtor who is licensed by your state to provide a professional service.
16. Browse Various Real Estate Blogs
Sissy Lappin, Real Estate Broker & Owner, Lappin Properties
There are plenty of real estate blogs that list a directory of realtors. Some of these blogs are even owned by the realtors themselves. These blogs are a way of letting you know that the realtors are indeed knowledgeable of their niche. Often, the blogs are used as a marketing platform to advertise and sell their property listings.
17. Get Referrals from Your Relatives
Jennifer Brownhill, Regional Marketing Manager, CLV Group
You may have relatives who have recently worked with a realtor who helped them buy or sell a property. If your relatives are satisfied with the realtor’s quality of work and customer service, they will happily recommend them to you. A realtor who has built a good rapport with your close network is easier to work with.
When you think you have found the right one after interviewing your first candidate, do not rush to hire that realtor right away. It’s best to find and interview two or more equally experienced and skilled candidates to draw comparisons and make a powerful decision.
Even though we now live in a digital world, the newspaper real estate ads can still make a good source for finding great realtors. According to Adwerx, newspaper print advertising for real estate doesn’t just aim to sell an individual listing. It now seeks to build name recognition for the real estate agent or firm, and draw the potential client into contacting them.
Your local real estate companies are a great source of names of credible realtors. You can search online for a list of real estate companies in your area and try calling them to see if they can recommend someone. Be sure to spend time to meet and interview these realtors before deciding to hire them.
21. Attend Local Networking Events
Neva Paule, Supervising Editor, Fit Small Business
Another great way to find realtors is to attend networking events in your area. This allows you to meet different professionals, and you will likely meet realtors. Realtors are often prospecting on local events as they have good experience in getting leads from them. Just make sure to interview them thoroughly and do your due diligence before hiring one.
Bottom Line – Ways to Find a Realtor
Most real estate investors know that finding the right realtor to help them make their business successful is a challenging process. It’s important to remember that aside from using the different sources to find a realtor, you should also know the qualities that you should be looking for. Make sure to use the above expert tips to help you find a great realtor to work with. Visit Zillow to get started.