Real estate agents are intermediary between the sellers and the buyers. The essential function is to facilitate the owners for the selling purpose. They make the duty of finding properties easy and stress free. Through agents, buyer can acquire desired property on affordable prices and within less time. Some functions of real estate agents are described below.
Pricing the property – considering various points like area, number of bedrooms constructed and condition of the house the agent sets the value for the house. Location of the house can also affect the value of the house. Like, houses with greener surrounding will cost higher than the houses constructed near factories. Dealing with selling and buying on daily basis they know about the deadlines and the market prices. Moreover, setting a higher value will only decrease the variety of buyers. Pricing also depends upon town so in metropolitan cities the houses will sell at higher rates than in rural areas. The owner may also check the selling cost by visiting nearby tax authorities.
Marketing plans for the property – It’s the most important function performed by the agent. The agents have many resources for marketing the property. They have various contacts through which they can easily execute their marketing strategies. There are numerous marketing strategies such as advertising in newspaper, through internet, direct mailing system etc.
Visiting a site – After marketing, many potential buyers come to go to the location. So, the role of agent is to show the complete place and spots light on the various advantages of the site.
Updated information – the agent always have updated information concerning the market prices. So, that it may also help him to set financial budget. They are well aware of recession and inflation period. They know when there may be decrease or increase in rates which help them in negotiation with the sellers.
Negotiation- being intermediary the agents have commission from both sellers and buyers. There may be always a contract proposal between them. The agents with their capabilities and experience provide with desired negotiation skills. So, that the buyer gets convinced and the deal turned out to be profitable one. After offering the negotiations once the buyer signed the agreement he has to pay for the specified property.
Closing of sale – before closing the sale the agent will complete all of the legal formalities by completing all of the paper work. The agent has to keep a check on various things before closing the deal reminiscent of mortgage paid off or not, talking to lawyers in order that the property can be transferred on buyer’s name and collecting the commission check.
After hiring the estate agents, they are answerable for handling your entire selling process. So, it is vital to choose the experienced and reputed real estate agents for beneficial results. One should do proper research about the real estate agency and communicate well with the agents so that you don’t have to regret later on.
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