What You Need to Know About Working with Real Estate Agents
Real estate transactions can be complex and working with a real estate agent will help you in navigating the process. Here are some things you should know about working with real estate agents.
An Agent’s Help in Buying a House
Buying a home can be a daunting process, but you don't have to do it alone. You can hire an agent to help you through the process. However, it's important to understand the differences between working with sales agents employed by the developer and traditional real estate agents.
Builders often require that an outside agent be present and sign in the first time a prospective buyer visits a site before discussing commission payments. If you find a development through an advertisement, builders may refuse to pay any commission, regardless of how helpful the agent may become later in the process. To avoid any confusion, you must call the development first and inquire about their policy on compensating real estate agents if you are using one.
Builders often require that an outside agent be present and sign in the first time a prospective buyer visits a site before discussing commission payments. If you find a development through an advertisement, builders may refuse to pay any commission, regardless of how helpful the agent may become later in the process. To avoid any confusion, you must call the development first and inquire about their policy on compensating real estate agents if you are using one.
How to Find a Real Estate Agent
Finding a good agent is crucial to a successful real estate transaction. Start by asking your friends or colleagues for recommendations and be sure to inquire if they would use the agent again. You can also call the managers of reputable real estate firms and ask them for recommendations from agents who have worked in your neighborhood. To give yourself a choice, we recommend interviewing at least three agents, whether you're a buyer or a seller.
A top-performing agent is a full-time professional with years of experience under his belt. As a seller, you can expect a comprehensive comparative market analysis that includes recent home sale prices in your area. With this information, you can make informed decisions about pricing your home and selecting the right agent to represent you.
A top-performing agent is a full-time professional with years of experience under his belt. As a seller, you can expect a comprehensive comparative market analysis that includes recent home sale prices in your area. With this information, you can make informed decisions about pricing your home and selecting the right agent to represent you.
About a Buyer's Agent
In today's real estate market, it's common for agents to represent buyers exclusively and receive a commission from the sellers. However, savvy buyers are taking it a step further by hiring their own agent, known as a buyer's broker, to ensure their interests are fully represented.