6 Proven Ways to Hire A Real Estate Agent

Posted by: Equity Assets Realty
December 1st, 2015
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Choosing a real estate agent is a colossal task. Suitable quality, experience, dedication, hard-working and honesty are the most attractive features that every real estate agent should possess. Whether you are selling/ buying a new property, you should find a real estate agent who can guide you through the process successfully. “They get dazzled by these great listing presentations,” says Michael Soon Lee, regional manager of Better Homes and Gardens Mason-McDuffie Real Estate in Walnut Creek, California, who likens the relationship to dating. “It’s a longtime, intimate, trusting relationship. If it doesn’t start out feeling good at the beginning, it’s probably not going to get any better.”(See More: http://money.usnews.com/money/personal-finance/articles/2014/11/07/9-red-flags-to-watch-for-when-picking-a-real-estate-agent)

Here are some of the useful tips of choosing a real estate agent who suits your needs and fits your criteria accordingly:

 

  1. Experience in This Business:

Don’t hesitate to ask their listings and past experiences when your decided to select a realtor for your buying or selling home process. For example agent’s past listings, how many homes he/she has sold in your area, recent clients name & address & any particular clients who are pleased or not pleased about the agent’s past performances.  “I’d like to know what the asking price was and then what the sales price was,” says William Poorvu, Adjunct Professor Emeritus at Harvard Business School and co-author of “The Real Estate Game: The Intelligent Guide to Decision-making and Investment.”(Read more: http://www.bankrate.com/finance/real-estate/7-tips-for-picking-a-real-estate-agent-1.aspx#ixzz3sUyCQ5hA)

 

  1. Agent’s License:

A real estate agent must have a proper license according to the agent’s state and regulatory board and check whether she or he has any disciplinary records or similar incidents that might not acceptable for any home buyers or sellers.

 

  1. Agent With Right Credentials:

Like doctors and lawyers, agents should have some kind of degrees in this area which are the must have for choosing real estate agents as career. You must check and ask your agent about his or her credentials which he/she belongs before entering this business.  “Here’s what some of the designations mean:

 

  • CRS (Certified Residential Specialist): Completed additional training in handling residential real estate.
  • ABR (Accredited Buyer’s Representative): Completed additional education in representing buyers in a transaction.
  • SRES (Seniors Real Estate Specialist): Completed training aimed at helping buyers and sellers in the 50-plus age range.”

(Read more: http://www.bankrate.com/finance/real-estate/7-tips-for-picking-a-real-estate-agent-1.aspx#ixzz3sV1mTacp)

 

  1. Agent’s Neighborhood & Local Business:

For buyers’ and sellers’ agents, neighborhood expertise is key, because neighborhood markets can have different quirks. For instance, Harris lives on a small ranch, so he knows the ins and outs of rural properties. “I focus very specifically on my county because rural regulations differ by county,” he adds. Historic homes are another area that may require special expertise because of the additional challenges and potential restrictions involved. (See more: http://money.usnews.com/money/personal-finance/articles/2014/05/28/5-questions-to-ask-before-choosing-a-real-estate-agent)

 

  1. Communication Skills are Vital:

Information is the key in real estate business. Every time an agent gathers information or key statistics or major changes in Gov. Housing policies should mention the buyer or seller and keep them up to date.  Lapse of communication can hamper the business deal and client may miss the opportunity to buy/sell a profitable real estate which eventually creates a bad impression for the real estate agent. An active and spontaneous agent should communicate with his or her clients with phone, fax, email, sms or any means of communications and make the deal happen at the proper time.

 

  1. Cost of Selling or Buying Homes

Buyers often don’t pay commission directly, but sellers often do and the costs can vary from agent to agent. For buyers who worry that bringing up the commission topic will be uncomfortable, Chan suggests phrasing this question as, “What will it cost me to sell this property?” Also ask for a breakdown of estimated closing costs. “If they feel that it’s appropriate in your market, some agents throw in free staging or pay for your moving expenses, but you have to compare apples to apples,” he says. (see more: http://money.usnews.com/money/personal-finance/articles/2014/05/28/5-questions-to-ask-before-choosing-a-real-estate-agent?page=2)

These are the bold criteria to choose appropriate real estate agent for your dream home who not only guides you through these complex process but also supervises as well as enlightens you to close the deal with the affordable & appropriate way.

5 Signs You Should Invest in Hire a Real Estate Agent

Posted by: Equity Assets Realty
November 17th, 2015
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People have the desire a own a new home in their lifetime and looking for a best options and attractive packages that suit his needs & rightly optimized for his living standards.  Is this a very much necessary to hire a new real estate agent or sell/buy your home by yourself? How a real estate agent can make a difference in this competitive world of real estate?

Here are some reasons that might influence you to hire a professional real estate agent:

Real Estate Agent

Real Estate Agent. Image Source: www.360realtytampa.com

 

 

  1. Better Understanding:

A real estate agent is the key player to liaison between the buyer & the seller. This means that he or she will have easy access to all other properties listed by other agents. Both the buyer’s and seller’s agent work full time as real estate agents and they know what needs to be done to get a deal together. For example, “if you are looking to buy a home, a real estate agent will track down homes that meet your criteria, get in touch with sellers’ agents and make appointments for you to view the homes” (http://www.forbes.com/2010/05/25/why-you-need-real-estate-agent-personal-finance-commission.html)

On the other hand, if you want to sell/buy your homes by yourself, then you have to follow some procedures that may be not always perfect or trustworthy by your buyers/sellers.

 

  1. Negotiations Made Easy:

A real estate agent can play a vital role in negotiating and do the deal between buyers and the seller transparently. An experience agent is quite capable of doing things more efficiently and gets the job done with ease.  There are always some changes and choices that a buyer might prefer from the seller and a efficient real estate agent can easily convey that message to his/her client and made the deal more effective.

 

  1. Do Necessary Paperwork:

“If you decide to buy or sell a home, the offer to purchase contract is there to protect you and ensure that you are able to back out of the deal if certain conditions aren’t met. For example, if you plan to buy a home with a mortgage but you fail to make financing one of the conditions of the sale–and you aren’t approved for the mortgage–you can lose your deposit on the home and could even be sued by the seller for failing to fulfill your end of the contract.”  See more : (http://www.forbes.com/2010/05/25/why-you-need-real-estate-agent-personal-finance-commission.html)

 

  1. Rely on Real Estate Agents:

A professional real estate agent bound by certain laws and regulation that he/she cannot ignore & protect his/her clients’ interest and handles the buying/selling process more conveniently and   trustfully.  “If you are working with a licensed real estate agent under an agency agreement, (i.e., a conventional, full-service commission agreement in which the agent agrees to represent you), your agent will be bound by common law (in most states) to a fiduciary relationship. In other words, the agent is bound by license law to act in their clients’ best interest (not his or her own)”.  (See more: http://www.forbes.com/2010/05/25/why-you-need-real-estate-agent-personal-finance-commission.html)

 

  1. Save Money & Time:

Although it seems confusing to everyone that agents do not optimize home prices for buyers and sellers. But truth is a professional real estate agent can solve the price problem without any hassle and complete the deal with a suitable & minimum amount of commission for the both parties and handover the property. “If a listing is at 7%, for example, an agent has a 7% vested interest in the sale, but the client has a 93% interest. Selling agents will ask buyers to weigh all the data supplied to them and to choose a price. Then based on market supply, demand and the conditions, the agent will devise a negotiation strategy.” (See more: http://homebuying.about.com/od/realestateagents/tp/Whyhireagent.htm)

 

Conclusion:

It’s quite obvious that people can buy or sell their own house without the guidance and expertise of professional real estate agents but when it comes to handle different documents and complex paperwork, real estate agents are the most essential and must have for any home buyers or sellers as a guide or as a professional. Now it’s your decision whether you hire a professional real estate agent or handle all these difficult situations all by yourself!