Why Use A Real Estate Agent
A real estate agent is the most important player in the real estate market. The agent or realtor serves buyers, sellers, landlords, tenants, developers, appraisers, auctioneers and others. Let us briefly examine why use a real estate agent when you are a member of any of the following categories:
BUYERS – If you are interested in buying real estate, then you should contact a real estate agent, they will have the most properties at their disposal. Though some of the best deals are found FSBO (for sale by owner), some properties are not listed in the local newspapers or even online but strictly with a real estate agent. So if you want a large inventory to choose from that is why you need a real estate agent as a property buyer. Real estate agents also have quick links to mortgage brokers so using your agent to broker a good rate mortgage works out even better.
SELLERS – Vendors or sellers of real estate can attempt to list their property on their own but should use a real estate agent. Though at the end of the day using one will cost a whopping 5% of the sale price in commission fees, it will ensure three things, you price your house correctly, you sell your house quickly and you get the best price on the market. As with real estate buyers agents can marry your property to a mortgage broker, so sale can be completed and closed in less than 72 hours.
LANDLORDS – When renting any property you want to do so quickly and to the best candidate. As a landlord this can be difficult to screen every single person that want to rent your property. A real estate agent uses forms, background checks and references and does the hard work for you. The get the best candidate for the best price and can ensure some level of compatibility between landlords and tenant. They also provide legal protection. As a trained real estate agent knows the federal laws they can advise you on the legality of how to rent property in your state.
TENANTS – Primarily the service to locate a property to rent by calling an agent is free. This is of great benefit, without looking in a newspaper or even online, calling a real estate agent that is familiar with the property themselves can save you some valuable time in locating a new property to live in. They can give you intimate details on amenities and other issues that would be important to any renter. The inventory that’s open to you extends to not just one broker but hundreds as real estate agents co-broke many properties for rent and sale.
DEVELOPERS – As a real estate developer, you want the shortest downtime between completion and sale. This cannot be achieved without have at least 3 or 4 agents on hand to sell the properties very quickly. However real estate agents can secure deposits and even sell properties before construction even begins. Giving the developer some room to develop despite escalations and securing larger funding from financial institutions.
Realtors are not limited to sales person. Most states in the
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