The simple answer to this question is a resounding yes! Your team will be weak without a Ottawa real estate agent. It is extremely important to find an agent who has a sound understanding of investments. You must ensure that you see eye to eye with the agent you select and understand the objectives you are setting out to achieve as a team.
Here are some important aspects your must consider when selecting a good agent to work with.
The training the agent has received
The training that a Ottawa real estate agent receives in school teaches him how to simply sell a condo on behalf of a client. Most of the training instills the ability to make tough negotitiations and sure enough, this is exactly how they operate.
The Agent’s Mentality
Some agents are extremely risk averse and want to play it safe to avoid any losses. This is a good quality to protect their clients from losses, but it is serious lacking in the investment mindset that takes risks and thinks creatively. An agent that is not willing to take a risk thinks about protecting the interests of those he represents while an investor thinks as an entrepreneur, constantly looking for opportunities to make profit. A Ottawa real estate agent must be sought that can thin like an investor.
The Agent’s Duties
An investor must have a clear understanding of what an agent brings to the team without having unrealistic expectations on what the agent can and should deliver. An investor should avoid the common mistake of delegating duties to the agent that are way over his head like risk and market analysis. The investor has the responsibility to know investment facts and should not expect such information to come from the agent.
The Pros of Using an Agent
There are 2 major pros that an agent brings to the team. The first one is access to the MLS (Multiple Listing Service). About 75% of all real estate is transacted through the MLS. The second thing is the Ottawa real estate agent can take up tasks that relate to his training and skills, giving your more time to concentrate on your role of being a solution provider.
Cheap is expensive
Just because an agent charges the lowest commission does not mean he is the best agent. The commission charged should not be the only criteria you use when selecting a Ottawa agent. Such a consideration can serve to attract less experience agents to join your team. Eventually this will lose you money. Higher charges often go hand in hand with quality and top notch service. Pay more and attract competent agents that will deliver. The results will be obvious.
A wise investor understands the need for a qualified Ottawa real estate agent on his team. Take your time to look for a good agent and watch this translate to increased profits.
HomeLife Capital Realty Inc., Brokerage*
