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Do You Really Need a Real Estate Agent to Buy Rental Property?

Real estate agents calculate and quote the cost of house with a calculator Whether you’re a first-time Schenectady rental property owner or an experienced investor, you may not think you need a real estate agent to buy a property or if it is better to go it alone. With housing market costs and interest rates going through the roof, trying to save money by taking a few shortcuts with your next purchase can be tempting. However, there is a likely possibility that if you don’t hire a real estate agent could come back to haunt you. Because of this, if you don’t hire a real estate agent is one decision that should not be made lightly. In this article, we’ll look at some of the most important factors to consider when deciding whether or not to hire an agent to buy a property.


As an investor, it makes sense to want to keep your costs down. For property buyers, the silver lining is that the majority of real estate agent commissions are paid by the seller. This means you won’t be paying the commission out of pocket, so cost isn’t a factor for buyers. Obviously, you should confirm with any agent first about how they collect their fees.

Time and Knowledge

Another factor to think about is if you have the time and knowledge necessary to research rental properties properly. Real estate agents know a lot about the local rental market, so they can immediately identify potential rental homes that may fit your budget and needs. They will also know where to look for rental property listings, saving you a lot of time and effort when trying to look for them. Furthermore, having a real estate agent on your side helps to ensure that you are making an informed decision about rental properties, as they offer important insight into the rental market.

Local Market Expertise

A third important factor to consider when deciding whether or not to hire an agent is how knowledgeable you are about rental markets in different cities or regions. If you have a limited amount of expertise in rental markets, then it can be beneficial to hire an agent who does. This is because rental markets are continuously shifting, and having an experienced real estate agent on your side will ensure that you are making the best decision possible regarding rental properties.

Experienced Negotiators

Finally, having an experienced real estate agent on your side can help you a lot when it comes to negotiating rental terms. Real estate agents are skilled negotiators and understand the rental market inside and out. This knowledge can give you a leg up in negotiations and help ensure you get the best deal possible for rental properties.

Ultimately, whether or not to hire a real estate agent depends on your individual needs and financial resources. As an investor, however, it’s essential to keep in mind that you are only as good as your investing team. That makes having the right people on the job essential to making the best possible deals. If you choose to hire a real estate agent and think that it is the right choice for you, then do your research ahead of time to find an experienced professional who can help you navigate the rental market.


Another key part of your rental property investing team is a great Schenectady property management company. Not only can the right property manager help you with properties you already own, but they can help you find off-market deals, prepare market analyses, and handle a range of other time-consuming tasks. To learn more about the services we offer investors like you, contact Real Property Management Teague today! You can contact us online or call 518-612-4900.

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