A realtor is a person who is licensed by the government of the country to represent the buyer and seller in a real estate transaction for commission. They are the people who deal with the sellers or buyers face to face. Great post to read for as an agent can make your life easier when it comes to dealing with the property.
How does an agent help in selling a house?
Although selling a house might seem an easy task a real estate agent performs a lot of sub-task before presenting you with a suitable buyer. The activities include, but are not limited to:
• Pre-listing activities: this means setting an appointment with the seller to get a feel for the property and demands. Next he compares all the related properties with the one in question in order to estimate the correct price. Next come the legal steps like researching the property’s owner and the deed type, verifying the legal description and the owner’s legal name. Only after that the property is prepared for listing with the proper paperwork. The agent also acts as a personal advisor for the seller giving him or her the proper information on the current market conditions, explaining the benefits of market and of multiple listings. This is when the listing/marketing plan is discussed and put together.
• Listing the property: this is when the agent creates internet ads with seller input and prepares mailing and contacts list. Depending on type of services the agency offers the agent can also prepare flyers, feedback forms, and property marketing brochures. Next is the weekly market strategy review and pushing the property forward. The agent can also promptly enter price changes if the market fluctuates.
• Presentations: for this the agent only brings the best buyers, taking care of the filtering process which can otherwise take quite a lot of time. After that only the buyer that is directly interested in going further is presented to the seller. Therefore having an agent will mean a lot of saved time and money for the person selling the property.
• The offer and contract: after listing and presenting the property the agent is the one who will receive all offers and settle on the final price as per the seller’s indications. The then evaluates all the offers and prepares the net sheet. After the agreement is struck all that’s left are the contracts to make the transaction legal. This is another thing the real estate agent will take care of since there are a lot of legal ins and outs the common person is not aware of. Again this can save a lot of time, money and headache in the future for both the buyer and the seller.
These are the main ways in which an agent can help in selling your house and it is best advised not to sell your house on your own. You should always enlist the help of a professional agent as he/she has the best experience in the field and will save you a great deal of time. Also since this is a very intricate process there are many opportunities for something to go wrong, from a legal standpoint.