Purchasing or selling a home is a major financial transaction. A buyer or seller may save the commission rates that a Realtor charges by undertaking this process alone. However, the service of a professional Realtor is necessary in achieving a successful transaction. A professional Realtor will guide a buyer or seller to make a fair deal.
Knowledge of Local Market
A professional agent will have knowledge of the general real estate market as well as the local market. The agent will have access to properties listed for sell and can guide a buyer in choosing a home that meets the buyer’s criteria. Being familiar with the trends of real estate market, a professional agent can suggest prices of properties to both the sellers and the buyers.
A realtor provides the homeowner with information that will enable the seller set the target price. The agent upgrades the price of the property by considering repairs and presents the worth of the property to the buyers. The agent can provide the seller with information that will enable the buyer to make a fair offer.
An experienced agent can aid a buyer or seller to obtain the best deal in a real estate market. Such an agent can contact other real estate professionals on behalf of his client if the need arises. The agent, acting as an intermediary can recommend the services of a home inspector, attorney, mortgage consultants or title companies. Thus, a professional Realtor has business contacts of other professionals whose services the buyer or seller may need in the course of the transaction.
Both the buyer’s and seller’s agents play significant roles during the negotiation process .The agents represents the interests of both parties and ensure that the process do not get personal. A buyer’s agent checks the home for defects or problems that may cost the buyer funds to repair while the seller’s agent is concerned with getting buyers to purchase the property.
Professional Realtors are experts in managing real estate transactions. An experienced agent oversees the inspection and repairs of a property and also, draws up the purchase agreement. The agent ensures that no detail of the transaction is overlooked and advises the buyer or seller on the financial and legal aspects of the transaction.
Assistance after Closing
The services of a professional Realtor do not end with the completion of the transaction. However, the agent can still assist with legal issues, property tax and correction of any error made during the transaction. Thus, a professional Realtor ensures that his client receives excellent customer care.
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