To Realtor or Not to Realtor - that is the question

[Lorri S.]

Charlotte NC is a growing area. Looking to invest in first rental property.  I know a realtor that I respect and feel will help guide me but I am hesitating to sign as I have already started communications with several new build sites.  After reading the realtor contract it is clear that this is a conflict of interest and that once I sign ALL will go through the realtor.  Thoughts on seeing the new builds through to a decision or signing now and pay for their expertise and assistance through the process.  I have no interest in going it alone outside of new builds and welcome their assistance.  Not sure what to do.

[Colleen Goldstein]

I'm a realtor myself, so not offended if you take my opinion with a grain of salt.

I think it would benefit you to have an knowledgeable agent to help facilitate, negotiate, and walk you through the purchase / inspections and hold their feet to the fire if need be. Just because it is a new build, do not assume that everything will be smooth and perfect. I've seen missing support beams, various issues that builders said they would resolve / never did up until closing, etc. If this is your first rental property - I'd also recommend an agent that can ensure you are looking at the right kind of home, area, and type to ensure it meets your financial objectives and provides you with a return.

I've been an investor in Charlotte for over 10 years and also host a meetup called "SouthEast Charlotte Real Estate Investors/FI" - find us on FB. Feel free to come check it out and network with other investors like yourself just getting started. Also - happy to be a resource for you if desired throughout the process!