What Real Estate Agent Actually Does?

While it is usually considered that estate agents primarily work for selling, they are also a valuable resource for home purchasers. A trained estate agent will assist you in negotiating the process of buying a home, from navigating a maze of legalese to ascending a mountain of paperwork.

“While anyone can look for a home and even take a look inside without the help of a bienes raices playa del carmen, unless you have the time to make house shopping a full-time job, chances are an agent will be able to match you with your ideal property much faster,” says Rhys Dyer, CEO of ooba Home Loans, South Africa’s largest home loan comparison service.

An estate agent provides a house buyer with the following seven vital services:

1. They supply market intelligence.

While anyone can access information on comparable property sales from the internet in a few minutes, estate agents have the knowledge to recognize whether a house is overpriced or underpriced.

“Most real estate brokers can price a home the moment they walk in the door,” Dyer adds. The house hunt will go more smoothly with an agent counseling the home buyer because residences that don’t meet the parameters will be rapidly excluded from the quest.

Agents can supply a plethora of information on property sales in a desirable neighborhood after it has been discovered.

They also assist with home inspections.

The delicate dance of requesting repairs is often the most delicate component of the house-buying process. “A good independent home inspector will provide a full report on problems with the house,” adds Dyer. “An estate agent will be able to identify trouble that you may not see, as well as recommend a good independent home inspection who will provide a detailed report on problems with the house.”

Because inspection reports are often dozens of pages long, an agent can also assist the buyer in navigating the report and identifying the key information. The agent will be able to tell you which repairs are reasonable and which are unreasonable.

3. They look for available houses.

Despite the fact that the majority of homes for sale are widely available for buyers to evaluate on websites, not all sellers want their homes to be widely advertised. Only the estate agent will be aware that a house is for sale in these circumstances, and will be able to inform a buyer of its availability.

4. They are in charge of the documentation.

A property acquisition entails a large amount of documentation and a limited amount of time to complete it. Estate agents are familiar with the paperwork and can help speed up the process.

5. They make negotiating easier.

When negotiating with a seller over necessary repairs, it’s easy for a buyer to lose their cool. Agents are skilled negotiators who will be able to make requests on the buyer’s behalf that are more likely to result in positive outcomes.

6. They provide legal advice.

Assume the buyer want to turn their new home’s front room into a modest apparel business. They’ll need to know if it’s lawful for them to do so.

An experienced real estate agent will be aware enough with zoning rules to assist the buyer in finding a home in an area that will allow them to carry out their plans.

The same is true if they wish to add a bedroom or install a fence in the back garden. The agent will tell you whether the city will approve it for a certain property in a specific region.

7. They can work with a home loan comparison service to find a decent offer for the client.

An estate agent might cooperate with a provider like ooba Home Loans to send the buyer’s application to numerous banks.

This increases the buyer’s chances of approval while also allowing them to compare packages offered by other banks and select the one with the best interest rates.