Using a real estate agent for purchasing a home unquestionably has benefits, such as market expertise and negotiation skills. However, when it comes to purchasing an investment property, less than 30% of investors are using realtors. Visio Lending, along with other industry leaders, sponsored The Iceberg Report to learn more about the residential real estate investment industry. The Iceberg Report is currently the most comprehensive research available on the market. Here are some highlights of investor strategies for finding rental properties:
How many investors are using real estate agents and what other methods are they using to buy properties?
- Real Estate Agents: 27.4%
- No help: 29.6%
- Website: 13%
- Auction: 11.5%
- Trusted vendor, buy remote, unseen: 7%
- Turnkey rental vendor: 6.5%
- Other: 5%
Of the investors using real estate agents, what are they primarily using them for?
- Find properties: 21%
- Closing responsibility: 19%
- Negotiation: 17%
- Arrange inspections: 11%
- Provide pricing and market comparisons: 10%
- Listing: 9%
- Analyze investment: 8%
- Source financing: 2%
- Other: 3%
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Related: How to Find a Great Realtor
