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All About Real Estate Agents

All About Real Estate Agents

Real estate agents:

They 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.  For sales, they charge commission only to the seller but for 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 and as part of the rent. People, who want to sell or let their property, leave the details of their property with the real estate agent. The other interested party that is the buyer or tenant, gets access to the information by contacting the real estate agent.

A lot of home seekers 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 good real estate agent will analyse the needs of a home buyer or 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 or tenant.  But they 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. Secondly, if they make the buyer happy too they earn a good reputation.

 

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