The Role of a Residential Real Estate Advisor


The decision to purchase or sell real estate can be one of the largest financial investments a client makes. The process requires research, planning, negotiation and more. Whether a client is looking to purchase a new home or expand a commercial portfolio, the right advisor can help guide them with valuable information and insights that can’t always be found online or through traditional real estate agents or brokers who are typically compensated solely by commissions.

A residential real estate advisor can make a substantial impact on a client’s bottom line by providing holistic advice and support throughout their property journey. They forge enduring relationships that prioritize the client’s overall financial well-being beyond individual transactions and are equipped to offer strategic guidance that aligns with their client’s long-term goals. Read more

Unlike a real estate agent or broker who is typically compensated solely through commissions on real estate transactions, a residential real estate advisor can be paid on an hourly basis for their services or can charge a flat fee. This allows them to better serve a diverse group of clients, including those seeking to buy or sell as a part of their retirement strategy or for tax deduction purposes.

A residential advisor’s duties can include creating feasibility reports on large purchases or developments, advising on the viability of home investment and evaluating historical site data and prices. They can also assist clients in navigating real estate laws, preparing forms and completing the buying process. They can even advise on mortgage planning best practices and competitive loan terms.

Real estate advisors also play a crucial role in providing ongoing support and market insights after their clients have closed on their property purchase. By leveraging technology and providing monthly market reports, they can consistently stay in touch with their clients, giving them the tools they need to monitor their investments. This allows them to make changes to their long-term goals based on market shifts, ensuring that their clients continue to achieve their property objectives.

As interest rates continue to rise, the value of residential real estate is increasing. For that reason, some investors are starting to consider the asset class again after a long hiatus. According to David Gottlieb, wealth manager at Savvy Advisors, a growing number of his clients have been seeking residential real estate as part of their portfolio diversification strategy. He explains that the attraction of real estate is that it provides more reliable cash flow than most fixed-income investments, and is less sensitive to interest rate fluctuations.


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