All about real estate agents

Real estate agents are professionals who help in connecting the buyer to the seller. A lot of real estate agents also do rentals wherein they connect tenants to landlords and even maintain the property on the behalf of the landlords. The real estate agents work by linking together the two interested parties and charging a commission for their services. For sales, they charge commission only to the seller but for rentals (i.e. agent managed rentals) the commission is charged to both parties involved in the transaction. Real estate agents generally calculate their fee as a percentage of the selling price (in case of sales) and as part of the rent (for rentals). People, who want to sell/let their property, leave the details of their property with the real estate agent (and in fact, even leave the keys of the house so that the real estate agent can arrange for viewings without them getting into any hassle). The other interested party (i.e. the buyer/tenant), gets access to this information by contacting the real estate agent. That’s how the real estate agents become a hub of information.

A lot of home seekers (including real estate investors) use the services of real estate agents not just for getting good deals but also getting them quick. Since real estate agents are probably most familiar with the market situation in their region of operation, it makes sense to approach them to get an idea of the going rate for properties in that region. Real estate agents would generally know the prices of various properties of different types and at various locations in the region.

A property seller can possibly get a few thousands more for his/her property by using the advice received from a good real estate agent. A good real estate agent will also analyse the needs of a home buyer/tenant and provide suggestions on what kind of home could be available to them within their budget. So a good real estate agent will not just throw a list of available properties to the buyer/ tenant but will actually discuss their needs and make a suggestion. This, in fact, works in the favour of real estate agent in two ways. Firstly, if the real estate agent is able to sell the house they get their commission and secondly, if they make the buyer happy too they earn a good reputation (and hence more business).

However, it is worth noting that real estate agents work on seller’s behalf. So, beware if they are trying too hard to sell a property.

Real estate broker, buyer, and seller agent

 Food, shelter and clothing are man’s basic necessities.  The priciest of all of these necessities is shelter.  Shelter consists of the immovable property or real estate property, which is the land.  Real estate however includes not just the land but it also includes the permanent man made fixture such as the house.

 

Real estate ownership especially for first time buyers is such an important decision to make.  This is because having your own house is the greatest American dream. 

 

For first time buyers, the services of a real estate broker are very important.  This is because most of the information you need may be acquired from a professional and reliable real estate broker. 

 

Services of a real estate broker starts from discussing the location, size and price of the property the buyer wants.

 

The real estate broker will then shop around and look for the property that fit those requirements.  A reliable real estate broker will trim down the choices to a few that closely meet the requirement of the buyer. 

 

This will minimize the need for the buyer to travel around looking at various properties that may not be what they want.

 

Upon the recommendation of the real estate broker, the buyer will then visit the few that the broker recommend.  In this case, the broker and the buyer will discuss the property they choose, including how to bridge the gap between the asking price and offer of the buyer.

 

Once the seller agrees the real estate broker then moves to review the documents and the title for purposes of finalizing the purchase of the property.

 

Some real estate brokers continue to help the buyer up to the time they move to their new house.  Reliable real estate brokers help buyers up to this extent.

 

It may also help to realize that reliable and professional real estate brokers will help you negotiate for the purchase price without thinking of their commission because their commission comes from the seller’s profit and the total commission is divided among the listing agent and the broker.  The broker may therefore be able to negotiate to the buyer’s advantage without prejudice to his commission.

 

Buyers thus benefit from the services of the real estate broker.  Sellers also take advantage of real estate brokers to market their properties and find a suitable buyer. 

 

It is thus helpful if you can find a professional real estate broker because they will be able to find the best property that suits you.  This is because they know what is happening in the industry from sides, the buyer’s and the seller’s side. 

 

If you want to buy or sell a property, log on to the internet and check out where you can find reliable and professional real estate brokers.

 

It is always advantageous to hire those experienced brokers to help you find the property that will give you the roof above your head.