Property Transaction: Role of a real estate agent
With the tremendous growth in real estate industry in the last few years, the role of Real Estate Agents has become more significant. Earlier, real estate agents used to act as the intermediary between the sellers and the buyers. However, to obtain specialized and impartial services, buyers and sellers prefer separate real estate agents.
With the changing trends and requirements from the buyers and the sellers, besides locating suitable properties the real estate agents have also started undertaking some specialized roles to facilitate their customers. Some of the specialized roles are discussed below:
Comparative price analysis of the property:
To do the comparative market analysis it is important to have the comprehensive knowledge of the present market scenario and the buying and selling prices of the similar properties. The real estate agents have the resources to obtain the data for the current market trends and they are responsible to provide the best selling or buying price to the party they are dealing with.
Marketing of the property:
The real estate agents market your property using online methods. They upload the listing with the desired pricing on all the available online portals. They also conduct an open house for your house on your behalf. They interact with the prospective buyers on your behalf and thus you get to meet the only very interested buyers, which save your time and energy.
Guidance in Selling:
They have a vast knowledge and experience in property transaction, with their expertise in this they guide the selling during the whole process. They help them in pricing their property well to make the selling faster. They also understand the needs of the seller and do the negotiation on their behalf without getting emotional.
Guidance in buying:
With their vast experience and deep knowledge of the market, they help the buyer to locate the property matching to their needs. They also help buyers in negotiating and getting them the property for the best possible price. On the behalf of the buyers, the agents do the final inspection of the property and deals with the seller for the repair works which are to be done before the handing over of the property.
Paper work:
Real estate agents prepare all paper works on the behalf of their client. They also help in getting all the legal work done by getting the client in touch with the lawyers. Real estate agents maintain all the records, also prepare the papers for loan, and thus assist their clients for financial funding.
