a home, or selling your real property or even looking for
a home mortgage, is one of the most complicated and time-consuming
tasks you can undertake. A realtor or real estate agent can
help you safely navigate thought these complex processes efficiently
– as they have specialized knowledge of all or most facets
of the real estate transaction, are very familiar with the
local market and understand most variables relating to the
financial transaction. They act in most cases as an intermediary
between buyers and sellers and help in price negotiations.
Real estate agents are basically independent sales persons who work on a contractual basis with a licensed real estate broker. The broker pays them a part of a commission earned on the deal that they have been involved with. Real estate agents get paid for property they have located on behalf of a buyer or by helping a seller resell their home or property to another party. Real estate agents usually work with residential property, but some of them may also deal with commercial or agricultural property or other specialized types of transactions. A real estate agent’s services may cost nothing to the buyer, as in many cases their commission/fees are paid for by the seller.
Real estate agents can provide tangible services in many ways:
They can help buyers locate property instantly utilizing their proprietary listings service which typically cannot be accessed without the involvement of a licensed real estate agent.
They help buyers negotiate a good price for a piece of property utilizing their knowledge of local markets, fair market pricing and other intangibles they have learned by being actively involved in the local real estate market.
A realtor can assist sellers in getting the best price for their real estate by leveraging their knowledge of the local market and through astute negotiations with the other party involved in the transaction.
An effective realtor can help to move a real estate transaction forward in a timely manner by assisting their client’s with all facets that relate to the real estate transaction and/or contractual issues.