5 Reasons to be a Real Estate Agent, According to Forbes

1. O^^€ Q Menu ▼ 5 Reasons to be a Real Estate Agent, According to Forbes © September 25, 2017 fr Real Estate # 5 Reasons to be a Real Estate Agent,Better access/ more convenience,Contracts can be pretty hard to handle, Negotiating is a tricky business, Not everyone can save money, Real estate agents can't lie a Srishti Chandola ifc Like 1 The production of services that help the home buyers, as well as the sellers, complete their real estate transaction is comparatively recent, it may have you thinking whether using a real estate agent is becoming a relic of the bygone era. While working yourself, you can save significant commission rates numerous real estate agents command for numerous flying solo may not necessarily be the way to go and could end up for being more costlier than the realtor's commission in the long run. Selling or buying a home is a prime emotional or the financial undertaking. Find out through the point of view of Forbes as to why you should not discard the notion of hiring an agent. Better access/ more convenience A real estate agent has a full-time job to act as a link between the buyers and the sellers. This basically means that he or she will have convenient access to all the properties that are listed by other agents. Both, the buyer's and seller's agents work full time as a real estate agent and they know what actually needs to be done to get a deal together. For instance, if you are searching to buy a home, a real estate agent will certainly track down homes that would meet your criteria, get in touch with the sellers' agents and make the appointments for you to view the homes. If you are buying your own house, you will have to play this phone tag yourself especially when you are searching for homes that are for sale by the owners. Likewise, if you are looking to sell your property all by yourself, you need to have to solicit calls from the interested parties, make appointments and answer questions. You need to keep in mind that potential buyers are expected to move if you are busy or don't respond enough quickly. Instead, you may find yourself making an appointment or rushing home, only to know that no one shows up. Negotiating is a tricky business

2. People don’t really like the idea of doing a realty deal through an agent and feel that straight negotiation between the sellers and buyers is pretty transparent and allows the parties to look better after their own interests. It probably is true- assuming that both the seller and the buyer in any given transaction are sensible people who are easily getting along. Unfortunately, this is not always a relaxed relationship. What if one as a buyer likes a home but despise it is wood-paneled walls, lurid orange kitchen, and shag carpet? If you are working with an agent, you can definitely express your contempt for present owner’s decorating skills as well as rant about how much it will cost you to upgrade houses without insulting the owner. For all you know, the owner’s loved ones may have affectionately chosen the decor. Your real estate agent can easily convey your concern to the sellers’ agent. Acting as a messenger, the agents may be in a decent position to negotiate for a discount without ruffling feathers of the homeowners. Also, a real estate agent can play the bad guy in any transaction, preventing the bad blood between the seller and the buyer that can certainly kill the deal. Always keep in mind that a seller can reject potential buyer’s offer for numerous reasons just because they don’t like his or her guts. An agent can basically help by speaking for you in difficult transactions as well as smoothing things over to provide them from getting too personal. This can put in in a decent position to get the house you are willing to buy. Similarly, it is true for the seller who can get advantage from a hard-nosed real estate agent who will signify their interests without turning off the potential buyers who want to complain about the prices. Contracts can be pretty hard to handle If you plan to buy or sell a house, the offer to purchase the contract is there to protect you and make sure that you are able to back out of the deals if specific conditions are not met. For instance, if you plan to invest in a house with a mortgage- you can certainly lose your deposit on the house and could be sued by the seller for failing to provide you end of the contract. An experienced real estate agent deals with similar contracts and conditions on a continuous basis and is familiar with which the conditions should be used when they can carefully be removed and how to use the contract to protect you, whether you are selling or buying your home. Real estate agents can’t lie Well, they actually can. But as they are licensed professionals there are more repercussions if they do than private seller and buyer. If you are working with any licensed agent under an agency agreement, your agent will certainly be bound by the common law to a fiduciary relationship. In other words, the agent is bound by the license law to act in the best interest of the clients. Also, most of the realtors depend on the repeat and referral business to build the kind of the clientele base they will need to survive in the real estate business. This basically means that doing what is best for the clients should be an integral thing to them as an individual sale. Lastly, if you find that the agent has gotten away with lying to you, you will definitely have more avenues for recourse, like through the agent’s broker, a professional association or maybe in the court if you can prove that the agent has failed to uphold his fiduciary duties. When a seller and a buyer work together directly, they should and can seek legal counsel but as each is likely to act in his or her best interest, there is not much that can be done if you find out later that you have been tricked about numerous offers or home conditions. Also, having a lawyer on deposit anytime that you want to talk about possibly selling and buying a house could cost far more than the agent’s commissions by the time the transactions are complete. Not everyone can save money Numerous people eschew using a realty agent to save money but do keep in mind that it

3. is expected that both the seller and the buyer will obtain the benefits of not having to pay the commissions. For instance, if you are selling a house on your own, you will rate it based completely on the sale price of other comparable properties in your area. Many out of these properties will be sold with help of an agent. This basically means that seller gets to keep the percentage of the sale price of the house might otherwise be paid to the realty agent. The buyers, however, who are looking to buy a house sold by the owner, may believe that they can save money on homes by not having an agent involved. They might expect it and also make an offer accordingly. However, the seller and buyer agree to split the savings, they cannot save the commission. While there are many people who are qualified to sell their house, taking a quick look at the list of the frequently asked questions on most for sale by the owners. It is being suggested that the process is not as simple as one assumes. And when you get into a tricky or difficult situation, it really can pay to have the professional on your side. ^ Ideas to Hide a Bad Ceiling Without Paint Antique Textured Wall for Homes ^ Leave a Reply Your email address will not be published. Required fields are marked * Comment Subscribe to our newsletter Want to be notified when our article is published? Enter your email address and name below to be the first to know. Send Facebook

4. n Like Page POWER BEST SUTED FOR SOUTKCRN WAIL Of M LIVING ROOM ■arr_nFavista Real Estate Pvt Ltd about an hour ago #Navratri2017 day 6, Color of the day - #Red #favista #realestate read http://bit.ly/2xy19aF 1 P Comment ft Share Twitter Timeline Tweets by @FavistaRealty Recent Blogs Antique Textured Wall for HomesSeptember 26, 2017 5 Reasons to be a Real Estate Agent, According to Forbes September 25, 2017 Ideas to Hide a Bad Ceiling Without PaintSeptember 22, 2017 Recent T rends to Reshape India’s Real Estate MarketSeptember 21,2017 Ideas for Feng Shui North-facing Front DoorSeptember 20, 2017 Favista is a Real Estate Advisory Firm based in Gurgaon, India. Favista believes in making every property transaction experience simple and successful. The aim is to bring transparency, professionalism and simplicity to the complex world of real estate. Favista takes pride in keeping the needs and concerns of the customers in highest regards. Favista Real Estate has been founded by IIT + IIM/INSEAD alumni with experience in strategy consulting, internet marketing, venture capital having been part of companies such as McKinsey, Capital One, PartyGaming and SSG Capital. Favista is a full service brokerage helping buyers/investors buy, sell, rent or lease property in India. Favista offers best realty advice for Apartments and Flats for sale in India, land/plots for sale, New Residential & Commercial Projects in India and also assists selling properties at best rates. Favista.com is the only Property Site in India that lists 100% verified properties. Favista currently operates in Gurgaon, Delhi-NCR, Noida, Mumbai and Bangalore.Those intending to sell property in India will also find this website very useful owing to the extensive reach, high brand recall and trustworthiness in the real estate space. In order to make our customers happy and for us to reach our goals, we follow the key tenets of transparency and consistently maintain integrity in everything that we do. With this professional attitude, we are set to become your preferred choice for all real estate services in India. ABOUT About UsOur TeamCareerContact UsTerms Privacy PolicyDisclaimer

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