All About Realtors
Real estate agents 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. The real estate agents work by linking together the two interested parties and charging a commission for their services.
For sales, they charge commission to the seller but for rentals (i.e. agent managed rentals) the commission is charged to the landlord often inthe amount of one months rent or something as which is suitable. Real Estate Sales Representatives will often calculate their fee as a percentage of the selling price and as part of the rent when the property is a lease. Those who want to sell their property will leave details regarding the property with the Realtor (and in fact, even leave the keys of the house so that the real estate agent can arrange showings). The other interested party (i.e. the buyer), gets access to this information by contacting the real estate agent or buy looking online. That’s how the Real Estate Sales Representative becomes a hub of property information.
A lot of home buyers and investors use the services of Realtors for getting good deals but also getting information on the newest properties available. Realtors are the most familiar with the market situation and it makes sense to approach them to get an idea of the current market value for properties in that region. Realtors know the prices of various properties types in various locations and are always able to give a Current Market Evaluation to determine what a property might be worth.
A home owner thinking of selling a property can get often get several thousand more for a property when following the advice received from a good Realtor. A good Realtor will also look at and follow the needs of a home buyer and try to make suggestions on the type of property that could be available within their budget.
So a good real estate agent will not just throw a list of available properties to the buyer/ tenant but 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 and secondly, if they make the buyer happy too they earn a good reputation (and hence more business).
However, it is worth noting that Realtors work on seller’s behalf. Unless a Buyer Agency contract is signed. Finding the right Realtor to buy or sell your next house can make the process much easier and enjoyable.
You can find great homes and properties in the Quinte area by visiting on Quinte Homes
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