subject: Residential Real Estate Investment Advisor Vs. Multiple Listing Services [print this page] There is a difference between a residential real estate investment advisor and a multiple listing service. Deciding between the two depends on whether you plan to invest in property or plan to find a home to live in.
A residential real estate investment advisor helps clients make a profit. A multiple listing service helps real estate buyers to view different properties on the market. The listing service can help identify possible properties to invest in. However, you will benefit more from a real estate investment advisor if you need help with the financial side.
A multiple listing service is limited because you just get the price of the property. You do not necessarily get advice on how to improve your returns. The multiple listing service is mainly interested in selling property as quickly as possible. A residential real estate investment advisor is there to maximize your returns on each of your investments. If you need help finding out about the risks and possible returns on investments, you need to hire a residential real estate investment advisor. A real estate advisor will help you manage your risk. He or she will also help guide you through the process of buying and investing in real estate.
The clients of a residential real estate investment advisor get more personalized services. An advisor will assist in identifying the property. He or she will also help with the financial planning of buying the property. A multiple listing does not help with property acquisition. The listing service's list is also open to the public. This makes it harder to negotiate a better deal because there is usually more competition. An advisor may have leads on investment properties that are not listed. An advisor who has worked in a certain area will have more information than a listing service based somewhere else. Clients benefit from an advisor's experience and expertise by getting a good deal on a piece of property that will yield a great return.
You can invest in property without the right advice and end up buying something that will cause you to lose money. It is important that investors to get good advice. The wrong investments can ruin financial plans for a long time. Like their counterparts in the stock market, real estate investment advisors offer services that help to maximize profits for their clients. Using their expertise in real estate in a given area, residential real estate investment advisors will help build your wealth far more than a multiple listing service in the long run.
