Real estate consultants provide expert advice and recommendations to clients that are looking to purchase or develop a property or investment. At Roy and Company, our real estate consultants work with both commercial real estate investors and residential buyers and sellers. Also referred to as real estate counselors or real estate advisors, our consultants have a real estate license and carry advanced real estate designations.
Think of real estate consultants as “behind the scenes” experts. We perform extensive research in order to help guide our clients’ decision-making during every step of the project. Rather than focusing on a transaction, as a consultant, our job is to ensure overall investment success for our clients.
Real estate consultants typically work for large consulting firms, but with Roy and Company, you get all of the service and expertise of a large firm with the personal attention to detail you would get from an independent consultant.
What our consultants do for you depends on the type of project you have. For example, consultants working on a property development project are often hired before the land is even secured. Our clients rely on our real estate consultants to confirm the viability of the investment. We do this by visiting the proposed job site, meeting with local real estate professionals, and analyzing market trends and other key data metrics.
Real estate consultants guide clients based on extensive research and experience in the industry. When objectives are defined, a real estate consultant formulates a plan to reach goals in a cost-effective way. Depending on what type of real estate consulting you need, the involvement of a consultant might be towards the front end of a project, the tail end, or the entire duration of the project.
Property development, real estate investors, consulting firms, residential consulting. Property development consulting involves researching potential sites for the development, conducting feasibility reports, and running competitive analyses. Real estate investor consulting typically revolves around economic analysis to ensure the investment is a sound financial decision for the buyer. Large real estate consulting firms offer a wide range of services to help determine the value of a development project or real estate investment. Residential property consulting helps the buyer determine whether a purchase was a good investment.
A real estate consultant’s pay depends on the client and the type of firm with which they work. Unlike a real estate agent, who is paid on commission, a consultant is paid a flat or hourly rate or paid by deliverable. They may also charge an hourly consulting fee. Roy and Company’s consultants can work within your needs based on the project, a flat fee, and hourly rate.
A real estate agent is a licensed professional hired to facilitate the purchase or sale of real estate, whereas a real estate consultant only acts as an advisor to clients. While they can help facilitate deals too and often work as agents as well, their job is more focused on research and formulating strategies. Roy and Company leverages the extensive experience of a team of real estate investors who have been there and done that when it comes to investing and consulting.
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