What Sellers and Buyers Should Know About Real Estate Agents
For most buyers and sellers, having to deal with real estate agents is risky. Having your own real estate agent is your responsibility. Here is an in depth look on what are the things that you need to know about real estate agents.
What are these real estate agents up to?
Real estate agents are the intermediary between the buyer and the seller and are the ones whoa re responsible in guaranteeing the success of a property.
The client of the real estate agent, then gives him or her a commission from the services rendered, and this is where most real estate agents get their money from, which is why they are guaranteeing themselves that they really do have a good reputation in order for them to sell. Your agent will not charge the client or the seller of the home for the marketing done, but you will incur legal costs involved in the selling process. When on the side of the seller, the realtor is the one which is in charge of the rummaging on the property listings that are in the place of the interest.
He talks with the real estate agent that handles the property on behalf of the seller and organizes it to show the premises to the clients. On the buyer’s side, the real estate agent negotiates the ideal deal for the client and is in the entire process of purchasing. The real estate agent is also responsible in having a professional that processes the property evaluation. There are other real estate agents out there that also offer services such as advice and help for procuring home loans.
Real estate agents does not only rely on the commission from the selling only, as they also get something from the leasing. The commission is given to the real estate agent at the final settlement of the deal.
Who should you have to become your real estate agent?
A real estate agent can be three entities, either to become an intermediary on behalf of the seller, the buyer or a dual agent. Most real estate agents have buyers and seller so it is common to see an agent work for the two parties or to get another real estate agent to continue the process with regards to the seller or the buyer.
Real estate agents markets the properties, but they do not twist their reputations, as it is a very competitive world out there. While this is not right, this results to people paying more money to the real estate agents because of their untrue claims, thereby telling untrue figures to the people.
Source: http://www.icewebfilter.com/a-guide-to-selling-your-home-in-record-time/