For those who are new with real estate transactions either as a seller or as buyer, it is important that you should be informed of the many activities that realtors or real estate agents do for their clients. Yes, there is a dividing line between a seller and buyer of properties as each has different requirements and needs to be fulfilled. With this information, it is expected that you will have smooth relationships and transactions with a real estate agent or realtor.
What Real Estate Agents Do For Buyers
The first thing that realtors do with regards to personal buyers of property is to ask for pre-approved mortgage documents. This way, a real estate agent is aware that the buyer has an existing means to buy a property. Accordingly, the pre-approved letter from the lender is a motivational factor for the agent to work hard to meet the demands of the buyer due to commissions involved if the transaction finally falls through. It is also an indication that the buyer is indeed serious with buying real estate properties.
The agent will also lend his or her expertise with regards to various nuances of the industry such as terms and languages used in the property advertisements like knowing well why a newly installed garage door is totally different from an old garage door.
The agent also provides objective opinion about the property for the benefit of the buyer. It is very common for buyers to get attracted easily with a property and this subjective judgment might cause future problems for the buyer. Thus, the real estate agent should be professional to discuss the advantages and disadvantages of the properties available for sale or what the buyer is interested with.
The real estate agent will arrange a physical tour and inspection of the property for the buyer. Her or his vast knowledge of the property is vital source of information relative to buying decision of the buyer.
What Real Estate Agent Performs for the Seller
The first thing that real estate agent do for sellers is to provide information on the price of the property in an existing market and condition. You have to remember that the actual price listed can be subject to negotiation and this is where real estate agents can be a big help; they can help you justify your asking price for your properties.
The agent will conduct a careful inspection of the property. And from the inspection, he or she will make recommendations on any renovation or enhancements to be done to the property so that it can fetch very attractive price or will sell immediately.
The agent provides objective recommendations on what needs to be done for the property in order to sell it effectively. In many cases, most sellers are not aware of the current trends with regards to buying properties.
Regardless if the real estate agent is working for the buyer or seller, he or she is definitely the main negotiator during real estate transactions.
Dameri and Trexler is an El Dorado Hills real estate California agency you can contact when buying or selling a real estate property in California.