When a property buyer or seller is looking for a real estate agent then, the internet can be a useful resource. Going online can help a buyer, or a seller decide on a good and reputable real estate agent. There are many companies out there that offer real estate services; however it is prudent for a buyer or seller to choose a licensed agent.
A very surprising thing with real estate agents is that they are usually free for the buyer. So if you are a buyer you should always consider using a real estate agent. Many people have a misconception about this and therefore do not use a real estate agent and assume that would give them a better deal with the seller.
However, the seller may have already signed an agreement with a real estate agent, and this would not help a buyer get a better deal. In most cases, the seller has agreed to pay a real estate agent a certain percentage on a sale. This percentage includes a commission for the buyer’s agent. Given this it is a good idea for a buyer to also make use of the services of a buyers agent.
If a buyer does not want to hire an agent, he may have to negotiate with a sellers agent. and if a seller does not want to hire an agent the seller may have to negotiate with a buyers agent. In both cases, the agent will always be at the upper hand as the agent will always negotiate for the party that has hired him.
An agent for a buyer can negotiate with the seller and ask for a discount as the seller will not have to pay the seller’s agent a commission. However, the seller’s agent will always try to get the highest possible amount for the seller and not want to reduce the price as his commission will is based on the sale price.
In both the above scenarios, having a real estate agent, is always a smart thing to do. For the buyer, the real estate agent will always see past a property’s outward appearance. He will go into detail and if he finds any shortcomings will notify the buyer, or will ask the seller for a discount.
For the seller, a real estate agent will always try and profile a buyer and in doing so do his best to get the highest possible price for the seller.
Real estate agents are usually experienced and very knowledgeable in their field. They will be able to advise on the terms of sale, any laws and also help with the paperwork. Some real estate agents will assist in obtaining mortgages for buyers as well. Any buyer would always want the best mortgage options. So if you are planning on buying or selling a property it is always advisable to use the services or a reputed real estate agent.
