How To Choose a Best Real Estate Agent And Save Money
There are four types of real estate agents in the market.
1.Buyer’s agent: This type of agent act as the representative of the buyer in the entire housing proceedings. When the deal reaches its final stage,the commission received by the buyer’s broker is divided with the seller’s broker in a pre agreed ratio.
2. Seller’s agent: Agents of this sort are also known as the “ Listing Agent” and their primary function is to control the listing and and fix the price at such a rate which guarantees a significant profit for the seller.
3. Dual agency: In this rare case, the agent is the mutual representative of the seller and buyer. This is generally considered an unwise approach while dealing with houses because of a huge chance of conflict of interests between both the parties.
4. Eco broker: This group of agents are experts in sustainable real estate which is usually called “green living”. These agents specialize in enhancing indoor air quality, assessing various kinds of eco-friendly retrofits and how to sync the local tax credits and the state for potential green housing projects.
Both the buyer and the seller need a real estate agent. This is because the agent makes it easier for the buyer to understand the concept of home financing well. Your agent is a source of abundant information when it comes to your dream house. He can provide you with every possible data that you need to come to a decision. For example the real estate agent might have knowledge about HOA obligations for a particular property. This readymade information could save your valuable time and money since you no longer need special assessments. Moreover the most recent and authentic news regarding housing will come directly from the broker.
In the case of a seller, conveyancing solicitors can prove to be of immense help because the latter can assist in the market analysis and also help in coming up with a suitable and profitable estimate of the house. Basically your agent acts as a representative on your behalf and you can be sure that the clients he brings to you are all financially capable of finishing the entire transaction.
Picking the right and appropriate agent for you is synonymous with choosing the perfect lawyer for you because both have the power to make or break the deal/case for you. You have to keep a number of things in mind while selecting affordable conveyancing solicitors.
A. Check the recommendations that the agent provides you. Communicate with his past clients and ask about their experience with the agent.
B. Set up a meeting with the potential agent and discuss everything in details with him. Ask him about his recent work.
C. Make sure he has a valid license and a clean criminal record.
D. You should have a clear discussion with your agent and make him realize that you are not okay with double dealings like working for both the seller and the buyer and misguiding the latter in the entire process for commission.
E. Lastly hire an affordable agent and also give priority to his experience and the number of years he is in the business.
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