Whether you’re buying or selling property, real estate agents can make the process
smoother and less stressful. But how exactly do they work? Real estate agents are
licensed to facilitate real-estate transactions and earn a commission for their
services. They may work independently or for a brokerage firm.
If you’re buying a home, your agent will help you find one by finding homes in your
price range and setting up showings. They’ll also be able to provide you with local
market information, including average home prices and comparable home sales.
Real estate agents are also well-versed in the mortgage lending process and can
recommend a lender or loan officer when necessary. For more https://www.brilliantdayhomes.com/sell-my-house-fast-conroe/
On the selling side, real estate agents will advertise properties to potential buyers
and show them around properties when they’re ready for a viewing. They’ll also be
able to help with the closing process by serving as a go-between between sellers
and buyers throughout the transaction.
Both sides of the real estate transaction require knowledge of local laws and
common practices. Agents often attend seminars and conferences to keep up with
the latest industry trends. They also have access to the Multiple Listing Service
(MLS), which allows them to see property data that’s not available to the general
public, such as home valuations and pending sales.
For sellers, a good real estate agent will know how to best market the property and
set a realistic sale price. They’ll be able to answer questions about taxes, home
warranty coverage and other associated fees. Real estate agents can also be helpful
when it comes to finding contractors and other professionals to perform services like
a home inspection or appraisal.
As a buyer, you can rely on your agent to search the local real estate market for
properties that meet your needs and price range. They’ll be able to give you advice
on home maintenance, and they’ll also be familiar with local schools, crime rates and
public transportation routes.
Real estate agents can help you get preapproved for a mortgage, which can speed
up the home-buying process and ensure you’re serious about a purchase. They can
also connect you with lenders, home inspectors and appraisers, if necessary.
A real estate agent can be a valuable resource, but you should know how they work
before you hire them. Check out NerdWallet’s guide to working with a real estate
agent for tips on how to choose the right one for your situation and get the most out
of your relationship.
