McClintick Real Estate, Inc.



Posted by McClintick Real Estate, Inc. on 2/1/2018

Because real estate is a people-oriented business, most agents are happy to answer questions and provide advice after the sale. Whether you've enlisted their help to purchase a house or sell one, your working relationship does not have to end the moment you sign the final papers.

Professionals in the real estate business are generally service-oriented and interested in cultivating ongoing client relationships. If you've been fortunate enough to find a real estate agent who exceeded your expectations, then they'll most likely be a resource you'll want to use down the road. Assuming you had good rapport and that you're satisfied with their service, here are a few solid reasons to keep in touch.

Reliable source of advice: When you consider the training, knowledge, and experience that a seasoned real estate agent has, having them as a professional contact can benefit you in a number of ways. As an example, many agents are familiar with the impact home improvements can have on resale value. In other words, if you're thinking about upgrading, expanding, or altering your property, a knowledgeable real estate agent can provide insights into how that might affect your home's current and future market value. Since every type of home improvement brings with it a potential return on investment (ROI), it's an important aspect to consider when remodeling, adding an addition, or making a major change to your property. Many real estate agents have cultivated relationships with dependable contractors, remodelers, and installers to whom they may be happy to refer you, too. As a homeowner, you will invariably need reliable recommendations, sooner or later, and real estate agents are often a great source of contractor referrals. As you may have already discovered, it can be a frustrating experience to try to find a good home improvement contractor or other service provider when you're starting from scratch or relying on the credibility of online reviews.

Help for friends and family: If you're not planning on buying or selling a home in the near future, there's a good chance someone you know would benefit from the help and advice of a proven real estate professional. Even if a family member or acquaintance just needs assistance in finding an affordable apartment or house to rent, real estate agents often have the connections and resources to provide options that others may have overlooked.

Income and Investment properties: After shelling out tens of thousands of dollars to landlords, over the years, some homeowners consider "turning the tables" and becoming landlords and real estate investors, themselves. While this is certainly not a guaranteed path to financial independence, some people do become quite successful at it. If you have a tolerance for risk and the tenacity to pursue it, then your real estate agent may be able to help you find some worthwhile income properties. It's not for everybody, though!

Finding a real estate agent who's results oriented, experienced, and a pleasure to work with is not an everyday event, but when it does happen, they're worth keeping as a trusted advisor for many years to come!





Posted by McClintick Real Estate, Inc. on 2/18/2016

Rates are low, prices are right, and now is a perfect time to think about investing in real estate. Many would-be investors think real estate is a way to quick riches. Rapid monetary returns are usually not the case. However, the rewards can be substantial if you are willing be patient, do the necessary homework, and make a few good decisions along the way. Before you start investing in real estate, here are a few things to consider: • Start small: Don't go large on your first investment. Take on a smaller investment first so you have the opportunity to make some mistakes that won't cost you large amounts of money. Investing is a learning process. • Don't overpay: Do your research on your potential investment. Do full a full property evaluation; research the location, have a home inspection, and look into any liens and owed taxes. Always conduct an in-depth property analysis before negotiating any terms. • Consider the margins: Paying the bills on an investment property is different than paying for your personal residence.  When you buy an income property to rent, you're calculating how the income (rent payments) will help pay the mortgage and operating costs. • Know your partners: Having a bad partner could be your biggest downfall. Try to team up with a more seasoned real estate investor to learn the ropes. It is also important to be comfortable with your partner. Like all other businesses, real estate investing, requires a well thought out plan if you want to succeed. Weigh all the risks involved in real estate investing and develop a plan on how you will manage and overcome them before you get started.