How Choosing Right Real Estate Agent is Important in Real Estate Transaction?
The decision to Buy or Sell property is a very important financial decision most people ever make. It can be very exciting and sometimes it can be a very stressful experience in life if the right real estate agent is not chosen.
Owning a property is important and when you deal with someone who is going to help you buy or sell property, you would better find someone who knows what they are doing. While inquiring about a property, you will be surprised to see a number of people will be ready to represent you. You don’t need to worry about finding an agent but you need to worry about finding a good one.
Agents are often chosen only from the recommendations from a friend or from property advertisements, but enough care should be taken before choosing a real estate agent. Real estate agents can save the buyer or seller’s time, efforts, energy, and money by using their expertise, negotiation skills, knowledge, professional training, education, and field (market) experience. But generally, people go backward. They should find an agent first who can understand their need and guide them accordingly. They should stick to a good agent rather than working with multiple unknown agents.
The agent should be able to understand the need for buyers and sellers and guide them accordingly. He should be adaptable, approachable and good-natured.
Buying or selling property is different than buying any other products. In real estate transactions, buyers and sellers spend more time with the agent during the transaction. So the attitude and behavior of the agent are also very important for a smooth transaction.
The agent should be trustworthy, honest, responsible, and reliable; he must be able to disclose all material facts good or bad for the property to the buyer. The agent should be more focused on buyer and seller’s interest and customized needs rather than only commission. He should be able to explain things you don’t understand. The agent’s reputation in the market should also be considered. Agent’s membership in realtor’s association like the National Association of Realtors also shows his reputation.
Looking at agent's past transactions, existing listings are also important to know about them. Agent who is more focused on high-value transactions might be less able to help buyer under a set of value.
Some part-time agents sell real estate as hobby, for extra income, or they are semi-retired. Full time working real estate agents will be more in tune with the market. They will have the latest updates for new schemes, price changes, home loan rates, and current market scenarios. The full-time agents will be able to dedicate more with you and guide you through the process. They will have established connections within the industry and will be easily accessible to you when you need them.
Good real estate agents will listen to your needs and use their skills and experience to help you. There is no doubt that due to the experience in real estate field-real estate agent can do a better and faster job than you do for your own, it’s just because they do it on a regular basis, so they know what and how they are doing. Their connections and experience can get you out of trouble in no time.
So in nutshell, either because we talk about price guidance, networking, knowledge, negotiation skills, or handling paperwork. The real estate agent is a must in any real estate transaction you intend to close.
Having the support you need, the attention you deserve, and the information you require will prove to be valuable as the entire transaction will go smoother. He/she will be there to help you make an informed decision and handle all eventualities. You just have to ‘enjoy the ride and savor the result’.
- 21 Aug 2020
- Real Estate Agent Role