If you are thinking of investing in real estate, would it make you feel better or more secure to know if your Realtor or Broker also went through the same process that you are about to experience?
When your investment banker recommends a stock, a common response is ” would you buy it for yourself? Would you tell your kids to buy it”. That’s what I always ask! Should it be the same in real estate?
I’ve been in real estate since 1998 and have had hundreds of transactions, but I don’t think I have been asked this question more than 3 or 4 times.
Why aren’t realtors asked questions like this more often, I wonder? I’m not saying that a Realtor who is not a home owner/ investor cannot provide excellent advice and knowledge, I just think that it’s important that if you are relied on to give advice to someone who is investing in real estate, the largest investment in someone’s life, it may help not only in the advice giving, but having experienced the fear and the anxiety one feels going through the process.
Does it matter to you, should it? Your thoughts?