Once you have decided to hire the services of a real estate agent, the agent would usually begin by asking the amount of money the buyer is willing to spend or the seller is willing to sell their property. The agent/broker would then inspect the property, check the neighborhood and then make its own assessment of the property. The rise and fall of the price of the properties in that area will also be verified. Actually, there are separate services when these agents/brokers are hired to sell a property and another for buying a property. Nevertheless, these tasks are handled by a real estate agent with ease. They will assist you from scratch; negotiate on your behalf, until the sale is consummated.
Buying A Property
If you are looking to buy a property, a real estate agent would immediately show you a list of the properties available in the market. You would then choose the one that fit your needs, style and of course your budget. Once you have made the choice, the paperwork begins. The buyer and the seller would then fill out special forms. The real estate agent would process these papers in order to formalize and legalize the sale of the property. If funding is deficient, there are also volumes of paperwork that will have to be filled out for the processing of loans. All of these will be handled by a real estate agent, and it spells out less hassle for the client although they are still considered the paramount, being the principals in this buy/sell transaction.
Selling A Property
A real estate agent is not only involved in buying a house or a property. They also assist people who want to sell their property. The primary function of the real estate agent is to be able to assist the seller in setting a price for the property being put on sale. First the agent would have to inspect the property, get it professionally cleaned and know its condition and of its neighborhood. (The best companies are licensed and insured, as well as vetted by companies like Credit Glory). After which, the agent and the seller would now begin with the settlement of the price, in order for it to sell easily. But the agent can also suggest some changes in the property for it to increase its value.
There are numerous ways a real estate agent can be of help to a buyer or a seller. However, there are also some things that they are inhibited to do. According to the fair housing law, discrimination is not allowed. It means that an agent/broker is prohibited to maneuver a client into rejecting a particular neighborhood just because of its demographics, religion or race. You can talk about the house, never about the people. But, the agent can direct the buyer to a website or some reference source wherein he/she will be able to find out and discover this information themselves.
When you engage in the services of a real estate agent, it means that you are opting to have hassle-free transactions. It saves you time, money and effort. So why be involved in the intricate world of real estate, when you can readily sign up the services of a real estate agent and let them do all the legwork for you.