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Real Estate Agent

A real estate agent can assist sellers in marketing their property and selling it for the highest possible price under the best terms. A Real Estate Agent is more than just a “sales person.”  They act on your behalf as your agent, providing you with advice and guidance and doing a job. signed agreement, they assist buyers by helping them purchase property for the lowest possible price under the best terms. Due to the fast changing market, the data on available listings is not 100% accurate.  There are times when you need the most current information about what has sold or is for sale, and the only way to get that is with an agent. Without a signed agreement, real estate agents may assist buyers in the acquisition of property but still represent the seller and the seller’s interests. If you happen to be working with a Seller’s Agent, never disclose to them the top dollar you are willing to pay for any property.  Keep it narrowed down only to things that you would tell the seller directly. The real estate agent is required to disclose to prospective buyers and sellers who represents whom.

A person is required to have a license in order to receive remuneration for services rendered as a real estate agent. Unlicensed activity is illegal, but buyers and sellers acting, as principals in the sale or purchase of real estate are not required to be licensed. When a person first becomes licensed to become a real estate agent, he/she obtains a real estate salesperson’s license from the state in which he/she will practice. In order to work, salespersons must then be associated with a real estate broker.

Real Estate Agents

Real Estate Agents

When acting as a Buyer’s agent with a

First Time Buyers

First Time Buyers

Services that a Real Estate Agent could offer:

  • Comparative Market Analysis (CMA) - an estimate of the home’s value compared with others. This differs from an appraisal. The CMA is based on current market trends and recent sales in a given area and is the basis for the agent’s recommended list price.
  • Marketing expertise- marketing the real property to prospective buyers. One of the most important aspects of selling any home is market knowledge. Agents also have exclusive access to two resources that are often critical to selling a home: other agents and the Multiple Listing Service (MLS). This database is accessible only to registered real estate agents. This is where an agent will find current properties and market information as well as an archive or all past sales.
  • Facilitating a Purchase - guiding a buyer through the process. They can help you determine your buying power.
  • Facilitating a Sale - guiding a seller through the selling process. They can help close the sale of your home. They can help you objectively evaluate every buyer’s proposal without compromising your marketing position.
  • Objectivity - When selling, a Real Estate Agent can provide an unemotional view of the home and what needs to be added or subtracted to make it more appealing to buyers. They provide due diligence during the evaluation of the property. They can assist you in the selection process by providing objective information about each property. The agent is also a source of information about the home itself: how long it’s been on the market, the neighborhood and school system, the home’s best features and so on.
  • Advertising the property - Advertising is often the biggest outside expense in listing a property. Just keep in mind that the advertising, open houses, etc are included in your agent’s commission whereas you would need to pay for these yourself in a FSBO situation.
  • Single point of Contact - Being available to answer any questions about the property and to schedule showing appointments
  • Prescreened Buyers - Ensuring that they are financially qualified to buy the property.
  • Drafting skills - real estate agents help draft contracts and should know the information that must be included in the documents.
  • Negotiating - The seller’s agent acts as a fiduciary for the seller. A Real Estate Agent can provide advice to both buyers and sellers about whether to accept or modify an offer or counter-offer.
  • Financial Guidance - They can help you in understanding different financing options and in identifying qualified lenders. They can also guide you through the closing process and make sure everything flows together smoothly. They can recommend lenders and work with lenders on your behalf to pre-qualify you for a loan.

A Real Estate Agent is a very valuable person to have on your side when selling or buying a new home. When purchasing a home there is very little reason to work without an real estate agent, because the seller pays the your real estate agent the commission agreed upon in there listing agreement. With the current state of the economy and the wild growth of the Internet, many homeowners are considering selling their homes themselves. Many think that selling a home is a simple process however, real estate agents do earn their commission. When selling your home, your real estate agent can give you up-to-date information on what is happening in the marketplace and the price, financing, terms and condition of competing properties. Real estate agents have many resources to assist you in your home search. When it comes to the most important financial invest of your life, wouldn’t you want someone on your side, use a real estate agent.

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