For many people, the idea of working with a real estate agent may seem stressful or intimidating. While many agents are genuine and trustworthy, the few that are in it to make a quick dollar can give the whole group a bad rap. Whether you are buying or selling a home it's a good idea to have a real estate agent on your side. However, make sure you hire one you know you can trust. Before you begin the search, there are a few things you should know about real estate agents so you can choose the right one for you.
What purpose do real estate agents serve? Real estate agents can work for buyers and sellers. Depending on who they are working for, they serve as a middle man between the buyer and the seller to ensure the transaction goes through smoothly. Real estate agents make money from their commission. Typically the agent will receive a commission on the price of the home from the seller. This fee is calculated into the list price of the home. Seller's agents are in charge of listing the home on multiple listing services in the area and preparing the home for showing. This can include techniques such as home staging which helps the home appeal to potential buyers more easily. Sellers agent may market the property through their own website or firm's website depending on whether they are independent or part of a larger company. They may also choose to use fliers, postcards, and ads in real estate magazines and online in order to market the home to buyers. In addition to marketing the home, the seller's agent will also work with buyer's agents who represent interested parties. They work to negotiate the best price possible for your home. They will guide you through the process every step of the way until your home is successfully sold. You should not be charged for marketing, however as the seller you will be responsible for the real estate agent's commission or any legal costs that may be necessary during the process.
Real Estate agents that represent a buyer will search through hundreds of available listings for their client in order to find the best possible options that meet their needs and wants. Buyer's agents also negotiate a good deal for the client and work with the seller's agent. Additionally, they are responsible for getting a professional to evaluate the property, and provide advice and recommendations on home loans. The buyers agent is also paid a commission at the close of the transaction.
There are three types of real estate agents including a buyer's real estate agent, a seller's real estate agent, and a dual agent. Dual agents represent both buyers and sellers and are required to be honest to both the buyer and the seller. It is not uncommon for an agent to work for both parties or have another agent from his firm to negotiate on behalf of one of the parties. With so many real estate agents available to choose from, it can be hard to determine who is honest and trustworthy. Many agents will play up their accomplishments and make big claims. It's always a good idea to ask for references and speak to past clients. This will help you get a good idea of what it's like to work with a particular agent. Finding a good agent will save you a lot of time, money and stress when selling or buying a home. At Daring & Young, you have the whole team working for you. We are always happy to provide honest, upfront advice and options. Have a question? Call us on 07 4728 1007 or send us a message.
Daring and Young Property
273 Walker St.
Townsville, QLD 4810
07 4728 1007
http://www.daringandyoung.com/
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