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As professionals trained in market analysis, contracts and state regulations, real estate sales people can make the task of buying or selling a home easier. When looking for such an agent, consider the following tips:
A Glossary of Terms
What does a real estate professional do? This includes showing buyers homes that meet their needs, preferences and price range. It also includes helping a seller determine the price of their home. Real estate professionals have access to an area's multiple listing service, a computer database of all available homes in a district. Real estate agents also give comparative market analyses of similar homes in a neighborhood. "Comps" as they are called, can tell a buyer how much similar homes sold for, or tell a seller how much to list a home for. A Real estate agent and buyer also presents offers to the seller and acts as an intermediary in counter-offers and negotiations. They draft contracts and coordinate the tasks of financing, home inspection, title research and legal counsel.
Finding the right agent for you Also, look for agents who work full-time and for those who have gone beyond the license requirements by taking additional professional classes. These agents or brokers will have initials following their names, such as GRI, meaning they have passed these more rigorous courses. Finally, find out whether the agent has time for you. You will be looking at the most homes possible, if an agent sounds harried or annoyed when you call, move on.
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