Are you considering buying or selling a property soon? Do you feel overwhelmed by the idea of doing so, as it involves a great deal of hard work? There are a few formalities that need to be followed, and purchasing a property is an extensive and life-changing decision. It’s essential to make the right choice to avoid regrets later, which is why most people prefer to hire a real estate agent.
A study found that 86 percent of people purchase their homes with the help of a real estate agent. You may be wondering what services a real estate agent can provide. To help you have a better understanding, here are some of the ways that a Scottsdale real estate agent can assist you.
Real Estate Agents: Who are they?
Before understanding why you need a real estate agent, it is essential to know who they are. Real estate agents are licensed professionals with in-depth knowledge of the real estate market. When it comes to real estate transactions, they act as a connecting link between sellers and potential buyers. Thus, both sellers and buyers are in search of qualified real estate agents.
Do you need a real estate agent to sell your house?
A real estate agent isn’t just for people interested in buying new properties. You can approach a professional if you’re having trouble selling your home for the price you want. Having a real estate agent to guide you through the process of selling your house can make it much easier. This type of agent is known as a listing agent and will represent you, the seller, through negotiations and transactions.
They will negotiate with interested buyers on your behalf, doing their best to get the house sold at the best possible price. You won’t have to meet with or take a multitude of calls from buyers; the real estate agent will handle everything from interacting with them to showing the property.
Why do buyers search for qualified real estate agents?
There are various kinds of real estate agents. A buyer’s agent’s responsibility is to guide and protect the buyer. They will accompany the buyer on their journey to find the perfect apartment or plot, ensuring that they get a satisfactory property within their budget.
Source of Income for a Real Estate Agent
Wondering how real estate agents make profits? Their job is to get a property sold, for which they earn a percentage of the selling price. This commission they get from clients is their income, so they don’t generally have a fixed salary but work on a commission basis. The money a person can earn as a real estate agent will depend on their skills to close profitable deals for their clients. Therefore, the fees you pay to your real estate agent may vary.
What duties do real estate agents perform?
Various types of real estate agents have diverse job roles, though a few common tasks are shared among them all. Let’s look at the primary duties of real estate agents:
- Attending and planning open houses
- Finding listed homes or listing homes for sale
- Setting up appointments with buyers to show the property
- Taking care of home inspections
- Sending information to a lender regarding a mortgage
- Finalizing the paperwork for purchase agreements and offers
- Researching the sale price of a property and estimating the value of a home
What are the responsibilities of commercial real estate agents?
As the name suggests, a commercial real estate agent deals exclusively with selling or buying commercial properties. If you join hands with a traditional real estate agent to buy a home, they can assist you, but if you are looking for an investment property, a commercial real estate agent should be your go-to contact. The only difference between a residential agent and a commercial agent lies in the type of property; otherwise, their daily tasks are mostly the same. In addition to selling and purchasing, a commercial agent’s work often involves leasing properties.
Administrative Duties of Real Estate Agents
Real estate agents have a multitude of responsibilities and duties daily. They begin their day by catching up on a variety of administrative tasks, such as:
- Responding to phone calls, emails, and texts
- Creating and distributing flyers, listings, newsletters, and other promotional materials
- Updating client databases regularly
- Updating social media profiles and websites
- Creating a budget for quarterly, monthly, and yearly operations
- Processing multiple real estate documents, lease records, and agreements
- Coordinating appointments, arranging meetings, and showing open houses
- Researching listings to gain knowledge of the market and recommend appropriate properties to clients
How to Find a Trustworthy Real Estate Agent
You can take various routes to find a good real estate agent. Taking referrals from friends and family members is the simplest option. First, collect a few recommendations. You can also utilize the Internet to aid your search. Google will show you the names of the leading real estate agencies in your neighborhood. Agencies typically have multiple efficient agents, and they’ll quickly assign one to you. After that, thoroughly review their resumes to gain insight into their past experiences. This way, you will be able to narrow down your list to the best-suited agents.
Lastly, schedule a face-to-face interview. This is important as it gives you the opportunity to assess the personality and behavior of the person. It is beneficial to know these things as you will be working with this person for months. Additionally, make sure to ask directly about the commission percentage the person charges upon completion of the deal.
To Sum Up
In conclusion, appointing a real estate agent makes sense given their years of experience and expertise. As they have a strong network, they can help you sell your house quickly. Furthermore, their excellent knowledge of the local market, in addition to the latest mid-century modern homes in Scottsdale for sale, will prove advantageous. Lastly, their negotiation ability will ensure you strike a profitable deal.