Buying or selling a house is one of the most crucial decisions we make in our lives. For a layman, various terms used in real estate market can be confusing. Therefore, it becomes imperative to understand various roles which the real estate agent plays in the process finalizing a deal which includes choosing a property and negotiating the best rate on your behalf. There Are many prominent names in real estate business like Milton Ontario real estate who have established a strong clientele for themselves over the time. You can also find other small and medium scale real estate agencies based upon your budget and requirements. As per a recent report published in www.nytimes.com, post the real estate slump, the governments have become very stringent with the procedures and working ethics of brokers and agents. Therefore, you should only go for a licensed realtor registered with National Association of Realtors’, to avoid any sort of fraud or mismanagement of your precious finances.
There are basically two types of agents: Buyer’s agents and seller’s agent.
- Buyer’s agent
They exclusively work for ambitious home buyers, guiding and advising them through the whole process from home selection to finalizing the transaction. Through their tight network, they advise for the best options suiting your needs and within your budget, do the tie-ups with home inspectors and local authorities to process the necessary legal paperwork.
- Listing agent
They help the prospective sellers, get their property ready for sale, list your home on various digital and MLS lists. Enhance the appeal and value of your house using the help of home staging experts and professional photographers, showing the property to the prospective buyers and then negotiating to get the best rate for your property.
- Dual agent
Other specializations of real estate professional include dual agents who represent both the buyer and seller in the same transaction on behalf of a real estate company offering both the services.
Transaction coordinate specializes in administrative tasks like arranging for all the necessary paperwork, the proper signing of the agreement and disclosures and following up for payments and managing timelines.
Certain smart tips to choose a right realtor are:
1. Use referrals:
It is always better to get a referral of the real estate agent from your family, friend or coworker, who has recently made a real estate transaction. Based upon their testimony, the experience of service rendered, the satisfactory rate negotiation, you can make your mind on what to expect from your agent.
2. License and experience:
To avoid being a victim to any sort of fraudulent conspiracy or loss, you should always check their licenses and other accreditation from relevant authorities. They should also share with you their past deals and overall experience details. You definitely don’t want to be a part of someone’s learning curve considering the sort of investment and time you invest in it.
3. They should have a strong grip on local market:
Ask them to provide the information of the properties they have listed for arranged for buying in recent times. If they are familiar with the area, they also advise about the other amenities like hospitals, malls, market areas nearby helping you make a better decision.
4. Match to your requirements and within your range:
You should clearly mention about your specifications in expectation out if the real estate deal, so that they find the property or the prospective buyer best suiting your requirement and budget, instead of wasting your precious time on reviewing properties which interest you the least or out of your range.