In Kansas City there is somewhere around 11,000 licensed agents, some that are active and some that are not. The thing to consider is that not all of these agents are equiped to handle the unique needs of real estate investors. Finding an investor friendly agent in Kansas City, that not only knows how to work with investors but also invests in the Kansas City market themselves is going to be very important if you want your investing journey in Kansas City to go smoothly. In order to help you find an investor friendly agent in Kansas City, let’s take some time to look at a few ways that it pays to work with an agent that also invests in this market.
Additional Connections
Any investor friendly agent in Kansas City that has been actively investing themselves will have built a list of professional contacts that they can refer you to. An agent that is actively investing will likely have an even bigger list of contacts than just your typical agent that buys and sells homes. These investor agents have first hand experience with these contacts on their own properties and can vouch for their level of work and the quality of service they provide.
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.
As a serious investor in the Kansas City market you know that your success can hinge on the team that you are able to assemble. An investor friendly agent can be a tremendous asset when it comes to building that team.
Existing Inventory
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.
Market Stability
Your investor friendly agent keeps their business going by building up a positive reputation and getting involved with your local market on a granular level. They do this by making important connections with other vendors or professionals in the real estate industry.
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 investor friendly agent 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.
Negotiation Experience
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 Investor Friendly Agent in Kansas City
The team at BD Real Estate Solutions are Investor Friendly and have been investing in the Kansas City market since 2006, if you’d like any help finding your next great investment, reach out to Brian at 913-708-1185.