As a real estate investor, purchasing an investment property is perhaps the largest financial transaction you can ever make. Working with a realtor is essential because investing in a property is expensive and complicated.
A realtor, when spot interviewed, is inclined to tout all his strengths — sales records, qualifications, experience, and so on. But he would not be able to tell you how it feels to work with him on a daily basis.
Hence, when buying a property, you must always ask for references from your realtor. Call some of these references and inquire about their customer experiences with the realtor. Were they satisfied with his work? Was it easy to get in touch with him? Did he keep them up to date? Will they recommend him to others?
The CMA (also known as “comps”) compares the specifications of your house to similar homes on the market and comprises information such as price, square footage, and the number of bedrooms. An experienced realtor will make this aspect a priority.