Whether you’re buying or selling, you should work with a real estate agent to navigate the process and score the best deal possible. This licensed professional knows the property values, schools and neighborhoods in your area, and they’re familiar with how home transactions work. Real estate agents also have access to resources that the average person doesn’t, such as an extensive network of other real estate professionals and a database of recent sales. In addition to assisting clients, they handle marketing, listing and open house duties, among other tasks. Must check: https://www.sellsoonbluemoon.com/sell-your-house-fast-in-st-clair-shores-mi/
Real estate agents are typically compensated on commission, so they earn their pay when they close a deal. As a result, their daily responsibilities can vary greatly. In some cases, they may have to spend time at the office handling administrative tasks or networking with other professionals. But other days they’re meeting with potential buyers and sellers, or showing homes.
If you’re looking to buy a home, an agent can help you understand the market, find homes that match your criteria and negotiate on your behalf. They can answer questions about mortgage lenders, real estate attorneys and home inspectors. In some states, an agent can be a dual agent, meaning they represent both the buyer and seller in a real estate transaction. However, that requires disclosure to both parties and is illegal in some states.
When a client signs an offer to purchase, the real estate agent reviews it and ensures all necessary information is included. They may also recommend a home inspection to detect any issues with the property. If problems are discovered, the agent can negotiate a price reduction or ask for repairs before closing.
During the closing period, an agent communicates with all parties involved in the sale. This can include a title or escrow agent, the seller and the buyer. They can also help with a walk-through of the property, which can be an opportunity for the buyer to check for any damage that occurred during the closing process.
If you’re interested in becoming a real estate agent, you can learn about the requirements and qualifications in your state. Then you can start on the path to a rewarding career in a field that can be both exciting and lucrative. For more helpful tips and guides to help you navigate the home buying or selling process, sign up for the NerdWallet Real Estate newsletter. You can change your newsletter preferences in the My NerdWallet Settings.
