Retail investors and local landlords offer real estate agents a wide array of options for staying active in a market bereft of traditional inventory, you simply need to know how to connect with them.
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There’s been a good deal of attention paid to corporate entities buying up single-family homes for the purpose of putting them under long-term rental management.
While build-to-rent and Wall Street interest in residential neighborhoods is happening, the collective impact is not yet great enough to upset the economic flow of the housing market. Still that fact doesn’t help agents who are short on business in this oddly healthy but nevertheless stagnant market.
There is business to be found in the SFR (single-family rental) investment market, agents need merely know where to look. New Western, has operated an online search experience for value-add properties (homes needing work) for a number of years, relatively under the radar since 2008.
New Western’s robust investor marketplace serves up homes around the country ripe for turn-around — tear-downs, fix-and-flips, long-term holds — that are found and assessed by a team of more than 800 acquisition specialists. These are licensed agents given autonomy to identify and move on behalf of New Western on a wide range of homes ideal for local landlords. Depending on the property, many can make ideal first-time real estate investments.
Value-add homes are often found in a segment of the market that most agents tend to avoid for obvious reasons. Properties in this category are hard to market to a traditional single-family buyer. Handyman specials are often much more than…