Why You Need a Real Estate Agent
When a buyer or seller is in need of a real estate agent then internet can help for that purpose, which helps the buyers and sellers to choose a trust worthy agent to help in the task of real estate transactions. There are many sources from where a seller or buyer can get knowledge of the real estate market but at last an experienced expert is a licensed agent. A very surprising thing about Realtor is that their service is usually free for the buyers, so why to miss a chance over this opportunity. Some buyers are under wrong impression that if they bypass the realtor than the seller might give them a huge discount on the purchase price of the property but the seller had already signed an agreement with the realtor in the brokerage firm also called as Real Estate office. The agreement's listing includes the percentage of the commission over the purchase price which the seller agreements to pay on selling of his house. The difference here is that a part from the commission has to be given to the buyer's agent from the seller's agent and the real estate office.
In case the seller does not want to hire an agent but he may negotiate with the buyer's agent. The buyer's agent may ask for discount on the selling price because the seller is saving the amount of his personal agent. This will make the buyers work easy because for low price property he will be able to find buyers easily. An agent can guard the buyer from many frauds like even if the buyer has selected his dream house on own the agent will look at the house dispassionately and real estate agents have good eye to look beyond the flaws beauty of the house and can point out easily the under cover faults of the house. The faults and major repairing work are not included in the purchase contract. Once a purchase agreement is signed by the seller and buyer it becomes a contract. There are various kinds of purchase agreements made like few are taken from internet or library. There are also sellers who make their personal agreements from their attorneys. In such cases the contract prepared may heavily favor for seller's protection without any thought to the buyer's side.
When a state licensed real estate agent comes into picture than the purchase contract will be made standard keeping in mind the seller's and buyer's side. A good buyer's agent will see to it that all the necessary claus are included in the contract, so that his client is not cheated in any manner. The buyer's real estate agent also keeps a check that the price offered to his client is correct, that means according to the current market rates or should be low. It is good to negotiate with the seller by sending someone who is expert in this job instead of directly speaking with the seller and making any mistake in the deal. The seller of the property often has emotional attachments with their house and if the negotiation is faulty with the buyer and the seller does not like the buyer than he has the right to cancel the deal at that point of time. A real estate agent is guide to the buyer when there is inspection of the house for any repairing the property needs and also suggests the inspecting committee if the agent detects any faults and ensures that his client gets the best out of the deal. The real estate agent has sharp knowledge about the laws related to the real estate field.