Property investment is not just about earning or diversifying your income streams, rather it is also about making sure that your assets and interests are safe and protected 

At all times, due diligence is a crucial factor in your property investment decisions because while there are hard-to-ignore opportunities, issues or problems.

Missing out on great opportunities

Admittedly, some investors have missed out on amazing investment opportunities because they failed on due diligence, one of which is asking the right questions from their real estate agents to help them get a good understanding of their potential investment options.

When dealing with property investments, real estate experts make enquiries to source out important information such as saving money on a property’s purchase price.

The best way to deal with this is to get the undivided attention of your seller agent and find out if you are dealing with the right person to help you make the most out of any investment opportunity.

Finding a licensed and authorised listing agent

Some real estate agents appoint a representative to do the leg work for them, especially those who are focusing their efforts on negotiations and closing deals with clients.

But as investors, you don’t deal with a middleman or broker, instead, get with the primary agent to get the most straightforward responses you need when considering their listed property for your portfolio.

This is the most practical and sensible way to know the particular details of the listed property that is officially recognised by the property owner.

This way, you get the most accurate value on the listed property and get access to pertinent details, but also avoid interaction and communication gaps.

Property inspections

Property inspections are a great way to gauge market appeal on the listed property. Finding an agent to provide a summary or breakdown of open home and private inspections may help you get a market pulse and buyer interest. 

Finding out how long the property has been listed is vital in determining if the asking price is accurate.

Consequently, overpriced properties can be negotiated, which are indicated by low inspection numbers. 

If looking to find a property through an auction, remember that buyers are presumably purchasing property unconditionally and those who are expressing serious intent on buying the property will be investing in a pest or building inspection before auction day.

This is to ensure that buyers do not get caught off-guard after making the winning bid.

A skilful agent will see this as a scenario where buyers are willing to put up the money for inspections which tells you who you will be up against as a property investor.

Pre-sale contracts

Serious property buyers will ask for request contracts to go over details of the deal or see if they agree to all of the conditions for the property sale, which can be lobbed by an agent on behalf of their client.

This will let you know if there have been offers on the listed property, which is essential to a property investor considering the property.

Some buyers seek lawyers to review the contract and get advice if the property is a good fit for them.

This is a great way to see if competitors are also considering the market.

Why is it being sold?

A decision to sell property is often considered as an immediate need got cash or as a relief from distressing circumstances.

However, your agent can leverage this situation to make your offer for the property. Such as those who are in hurry to sell their property or those who make it hard to negotiate for a lower price from those who are not in dire need.

Seller agents are aware of such situations and make it their responsibility to get the best price for a client.

Selling by terms or at price

In real estate, price alone is not the only factor that makes the property a good investment asset. As an investor, it is vital to know how you can get the most value out of investment opportunities.

This can help provide a strategy based on your finances such as acquiring the property beyond your budget and making a good decision to get the property as your best investment asset.

Your agent can also determine the seller’s need in disposing of the property and give you the edge of making a good offer on payment terms that can benefit both you and the seller.

Once they recognise you as someone who can help realise their property goals, you are in the best position to close the deal- all these can be achieved with a reputable and trustworthy real estate agent providing you with the necessary information and guidance to make your property investment journey a memorable and productive one.