What is a real estate consultant?
Although many people know the term real estate agent or realtor, the term real estate consulting service is not very common. Real estate professionals are often considered hybrids between real estate investing, home buying, selling property and development. Real estate investor home buyers work with consultants to get a local analysis of property valuation and the investment opportunities that come with purchasing the property.
Real estate consultants or real estate advisory services provide advice to clients on residential properties, how to access funds to buy real estate, property developers, land and specialty properties like care homes. This real estate professional working independently or for consulting firms specializes in the management of assets and property within the real estate industry. Their specific role varies by client. A professional real estate consultant is a qualified professional who can analyze potential property investment, houses used as homes, real estate with business applications, as well as market trends.
What does a real estate consultant do?
Real estate consultants are professionals who specialize in helping buyers and sellers make informed decisions about their real estate transactions by doing a real estate consultation. A real estate consultant, also known as a real estate advisor, provides advice to clients to help them make financial decisions about the housing market and transactions. The commercial real estate investors, lenders, home buyers, residential income properties, land or developers want a real estate consultant to provide advice and purposeful actionable activities in a real estate area the consultant is an expert in. Think of real estate consultants as “behind the scenes” experts. They perform extensive research in order to help guide the client’s decision-making process.
The real estate agent focuses on transactional duties whereas the consultant concentrates on data, strategy, risk analysis, opportunity benefits, asset improvement, and the client’s real estate portfolio goals. They are local real estate professionals.
What is the difference between a real estate consultant and a real estate agent?
The real estate consultants and real estate agent can be the same person. The real estate agent or broker is a licensed person in the state of California.
The professional real estate person who has a great deal of knowledge and experience makes for a good real estate consultant. The key value of a real estate consultant is their field of expertise. Residential real estate clients gain a valuable real estate consulting services expertise.
Unlike a licensed real estate agent, a consultant is entirely optional. It is a very good idea for a client to enlist the services of a real estate agent in the sale or purchase of a property. A consultant is not the originator of contracts in any transaction and is only there to advise or provide research and analysis. The property consultant vs real estate agent can be about how they work with the client.
A Realtor could become a listing agent who is essential when hiring someone to market, find a buyer and sell your home. A real estate buyer’s agent assists a home buyer to purchase a house. The licensed agent or broker can earn a commission on the sale of a house. The commission can go directly to any broker that oversees the sale. Realtors are often buyer’s agents and help prospective buyers find homes, commercial real estate and other real estate purchases.
Dan Parisi is a licensed broker from the California Department of Real Estate (DRE) # 01923081. My real estate license is under my full name Daniel N. Parisi Jr. You can check the status of my license at the DRE Here. I am also a real estate professional who consults on real estate matters.
As a Certified Real Estate Pricing Specialists (C-REPS) that qualifies me to do Broker Price Opinion (BPO) clients ask me to consult on property valuations. I am also a Trust & Probate Realtor that is a Certified Probate Real Estate Specialist (CPRES) which enables me to consult on real estate issues in probate or in a living trust. I also have experience and expertise in the care home and assisted living facilities sales and purchases. And being a horse ranch owner for 17 years gives me the experiences to consult in the horse property field. I am also a long time real estate investor which affords me opportunities to do consulting in the real estate investor areas.
People sometimes question whether a real estate consultant differs from a realtor. Many view the real estate professionals who assist investors in decision-making about how to invest in real estate assets a consultant. The real estate agent/broker does the transaction, legal documents, oversee the home buying process and sales elements for clients.
Is the real estate agent role different than a real estate consultant?
Real estate consultants and Estate Agents play very different roles in the property market, though their duties and responsibilities might overlap at times. A consultant usually advises clients on building or investment activities in the market. An Estate Agent helps clients buy or sell properties. Coffee Real Estate is a Sacramento and Placer County in Northern California company that can do both consulting and transaction work. Rental properties in any housing market is more of a specialize role a real estate consultant can help the investor understand. Find a quality rental property management is a good part of real estate investing due diligence.
Is it better to say Realtor or real estate agent?
A real estate agent is anyone who is licensed by the state to help people buy and sell commercial or residential property. A Realtor is a trademarked term that refers to a real estate agent who is an active member of the National Association of Realtors (NAR), the largest trade association in the U.S. In California the realtor needs to be a member of the California Association of Realtors or CAR.
What is a sales consultant in real estate?
The property consultant duties include assisting clients in making sound property investment decisions. The property consultant’s responsibilities include developing and sustaining good working relationships with legal counsel and other property consultants, inspecting properties with clients, understanding the financial issues with purchasing rental property, creative financing options and other real estate properties and managing property, and conducting surveys to obtain data. They should under condominium and issues with HOAs and CC&R in Sacramento. The property consultant should also be able to effective communicate with the client on all details concerning market conditions and trends.
Real estate consultant functions
- Assisting clients to make sound property-purchasing decisions
- Investors looking to understand the real estate investments in the Sacramento California area
- Finding clients in need of consultancy services through client acquisition actives
- Analyzing market trends and demographics to identify the most sought-after and profitable areas
- Consulting with clients to identify their needs, preferences, and financial concerns
- Help with inherited houses and investment properties.
- Maintaining an extensive database of all properties for sale
- Assisting with the impact of hoarding on real estate values
- If you inherit a hoarding property a real estate consultant can help.
- Inherited a home with a reverse mortgage a real estate consultant can help.
- Developing strategies to increase the value of properties for clients looking to sell
- Help property developer understand the local real estate market
- Conducting negotiations with real estate agents on behalf of clients
- Communicating with legal counsel to prepare sale and lease documents
- Provide real estate market information and communicate financial analysis for transactions to support client’s requirements
- Corporate real estate groups value the insights of a real estate consult
- Do real estate market research for comparable sales for negotiating power and for selling/listing purposes and know how to work with residential BPO’s
- Know how to do financial analysis and strategic advisory for local redevelopment projects, providing expert program/project management and guidance on technical/construction feasibility
- Provide financial analysis to potential clients. This includes properties that are good for a cash buyer sale.
- They should be able to prepare marketing strategies, comparative market analyses, and financial estimates to assist clients with residential real estate sales and purchases.
- The real estate consultant should conduct real estate investment due diligence activities.
- Faith based real estate investing is a special way to use real estate wealth
- Compile and evaluate due diligence materials including market studies, leases, operating statements, rent rolls and property condition reports
- Research investment properties; execute executive decisions on acquisitions, existing property management, basic repair and maintenance of existing properties.
The conclusion
The real estate consultant needs to provide value to the client with their knowledge and experience. Clients ultimately hire a real estate consultant to ensure that they will achieve their desired return on investment ROI. The consultant should give the client the information they need to make a quality decision to buy or sell a property. The real estate consultant can also build out an asset strategy to improve the client’s real estate portfolio. Check out the contact us for more ways to reach us.
Coffee Real Estate and Dan Parisi are ready to help with your real estate consultant needs. They are local Sacramento and Northern California real estate agents ready to help you with a home sale or your goal to be a home owner or real estate investor.
How to begin looking for a home can create problems. Each person has their own priority of what is important. For some it is where to buy a home in Sacramento or in Placer County. Others, it is the must haves of the house the wants, needs and must have list. Coffee Real Estate works with home buyers to find the right home for them. Let’s begin the process today.
