For most people getting into real estate investing, using a good local professional Omaha and Council Bluffs realtor is a good idea. A local real estate agent in Council Bluffs or Omaha can help you find good deals on investment properties in Omaha or Council Bluffs, bring critical negotiation skills to the table, provide assistance with contracts and other legal intricacies, and much more. Many investors just don realize how much an agent in Omaha or Council Bluffs can do for them. Let’s take a closer look, then, at how a professional real estate agent in Council Bluffs or Omaha can help you invest, examining exactly what a local agent in Omaha or Council Bluffs provides.
Experience and Expertise in the Local Market
First, local real estate agents in Omaha or Council Bluffs will be knowledgeable about the community and surrounding area. “A good investment real estate agent is an absolute expert in the community they serve. They know all the neighborhoods and they’re knowledgeable about upcoming developments and changes. They know everything there is to know about local schools, amenities, and attractions, too.”
Because your local Council Bluffs or Omaha agent will also “have a finger on the pulse of the area’s rental market,” she can provide assistance in evaluating potential properties in Council Bluffs or Omaha and setting rents. To find out more about how a local agent in Council Bluffs or Omaha can assist you in this respect, just call 402-378-9462.
Fast Responsiveness and Communication
In real estate investing, you sometimes have to move fast, finding and jumping on a good deal before the competition does. And, typically, this involves lightning-fast communication on your local real estate agent’s Omaha or Council Bluffs part.
Here are the pros explain regarding this aspect of how a in Omaha or Council Bluffs real estate agent can help you invest: “Because of this time-crunch, it’s imperative you pick a local real estate agent in Council Bluffs or Omaha who’s responsive, attentive, and quick on the draw. They need to respond quickly when there’s a potential deal on the line and be willing to drop everything for a last-minute showing or to draw up a bid. A delay of just a few hours can mean a lost deal and thousands in profits gone.”
On your own, you may not be able to act quickly enough. A good local realtor in Omaha or Council Bluffs, though, can help ensure that it happens.
Broad Network of Industry Connections
Most local realtors in Council Bluffs or Omaha have a broad and well-connected network of industry connections. And local agents in Omaha or Council Bluffs with such a far-reaching network can find newly listed properties in Omaha or Council Bluffs much faster, giving you access to more potential investment properties in Council Bluffs or Omaha.
Your local agent’s in Omaha or Council Bluffs broad network and insider information will even give her access to properties in Omaha or Council Bluffs that aren’t on the market yet. And such off-market deals can be a huge boon for investors. What this boils down to is that your investment purchases become more affordable because you won’t have to be bidding against numerous competitors.
Every local agent in Council Bluffs or Omaha, of course, has access to the MLS (Multiple Listing Service), but a Council Bluffs or Omaha real estate agent (as we mentioned) can help you invest by going far beyond that. And that means your agent can also help you analyze the data to assess a property in Omaha or Council Bluffs’ potential profitability before you buy. An agent in Omaha or Council Bluffs does this by . . .
CALCULATING AFTER-REPAIR VALUE
This is applicable primarily to flippers who need to know whether they can make a profit after performing all the necessary repairs to a property in Omaha or Council Bluffs. What you’re in Council Bluffs or Omaha real estate agent can do is look at the current market analysis, especially the after-repair value (ARV), to make sure you don’t over-leverage yourself.
Much like a CMA, the ARV involves the average sales prices of recently sold nearby homes, but in particular, the ones that were recently upgraded. The ARV (unlike a CMA) considers the sold data only for recently upgraded properties in Omaha or Council Bluffs, not all the similar recently sold properties in Council Bluffs or Omaha. What the ARV does for you, then, is allow you to calculate your potential return.
EXAMINING COST-OF-RENT TRENDS
An Omaha or Council Bluffs real estate agent can also be a valuable asset for buy-and-hold investors. Your local professional agent will be conversant with both the sale markets and the rental markets in the area. So your local real estate agent in Council Bluffs or Omaha will know what you can expect to pay for a property in Omaha or Council Bluffs, as well as how much monthly rent you can expect to collect.
This data will allow you to calculate how much you can afford to pay in monthly mortgage payments for a property in Council Bluffs or Omaha because you’ll know about what you can charge for rent. The upshot here is that you will be on track to maintain a positive cash flow.
Assistance Calculating Potential ROI
Perhaps most important, an Omaha or Council Bluffs real estate agent can help you invest by assisting with calculating potential ROI (Return on Investment). You simply have to know that a property in Omaha or Council Bluffs is very likely to provide a return on the investment before laying down your hard-earned cash.
Your local real estate agent in Omaha or Council Bluffs will have access to the data that will allow you to calculate the ROI. Then, you can select properties Council Bluffs or Omaha that promise a good return, thus drastically decreasing your chances of purchasing a money-loser.
Get the Right Omaha or Council Bluffs Real Estate Agent
There’s no doubt that a good local realtor in Omaha or Council Bluffs who specializes can help you invest. But you do need to make sure your local realtor in Council Bluffs or Omaha has experience in this area and knows her way around investment financing as well as the various kinds of real estate investing. You could spend days or weeks researching local real estate agents in Omaha or Council Bluffs – or you could just give us a call today. If you’re ready to have an investment-experienced in Council Bluffs or Omaha real estate agent help you invest, then reach out to Chris and her team at Home By Chris Harter, contact us today at 402-378-9462.