Realtors are professionals that help buyers and sellers connect. A lot of Realtors also assist with rentals. They connect tenants with landlords and sometimes will maintain a property for the landlords. Realtors work by connecting together the two parties and charging a commission to help bring the deal together.
For sales, they charge commission only to the seller but for rentals (i.e. agent managed rentals) the commission is charged to both parties involved in the transaction. Real estate agents generally calculate their fee as a percentage of the selling price (in case of sales) and as part of the rent (for rentals). People, who want to sell/let their property, leave the details of their property with the real estate agent (and in fact, even leave the keys of the house so that the real estate agent can arrange for viewings without them getting into any hassle). The other interested party (i.e. the buyer/tenant), gets access to this information by contacting the real estate agent. That's how the real estate agents become a hub of information.
A lot of home buyers and investors use the services of Realtors for getting good deals but also getting information on the newest properties available. Realtors are the most familiar with the market situation and it makes sense to approach them to get an idea of the current market value for properties in that region. Realtors know the prices of various properties types in various locations and are always able to give a Current Market Evaluation to determine what a property might be worth.
A home owner can possibly get more money for his home by using the advice received from a real estate agent. A good Realtor will also analyze the needs of a home buyer and make suggestions on what kind of home could be available to them.
So a good real estate agent will not only just throw a list of properties to the buyer but will also discuss their needs to make suggestions. This, in fact, works to the favour of the real estate agent. If the real estate agent sells the property they get their commission and if they make a new buyer happy they earn a good reputation (and hence more business).
However, it is worth noting that Realtors work on seller's behalf. Unless a Buyer Agency contract is signed. Finding the right Realtor to buy or sell your next house can make the process much easier and enjoyable.
For sales, they charge commission only to the seller but for rentals (i.e. agent managed rentals) the commission is charged to both parties involved in the transaction. Real estate agents generally calculate their fee as a percentage of the selling price (in case of sales) and as part of the rent (for rentals). People, who want to sell/let their property, leave the details of their property with the real estate agent (and in fact, even leave the keys of the house so that the real estate agent can arrange for viewings without them getting into any hassle). The other interested party (i.e. the buyer/tenant), gets access to this information by contacting the real estate agent. That's how the real estate agents become a hub of information.
A lot of home buyers and investors use the services of Realtors for getting good deals but also getting information on the newest properties available. Realtors are the most familiar with the market situation and it makes sense to approach them to get an idea of the current market value for properties in that region. Realtors know the prices of various properties types in various locations and are always able to give a Current Market Evaluation to determine what a property might be worth.
A home owner can possibly get more money for his home by using the advice received from a real estate agent. A good Realtor will also analyze the needs of a home buyer and make suggestions on what kind of home could be available to them.
So a good real estate agent will not only just throw a list of properties to the buyer but will also discuss their needs to make suggestions. This, in fact, works to the favour of the real estate agent. If the real estate agent sells the property they get their commission and if they make a new buyer happy they earn a good reputation (and hence more business).
However, it is worth noting that Realtors work on seller's behalf. Unless a Buyer Agency contract is signed. Finding the right Realtor to buy or sell your next house can make the process much easier and enjoyable.
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You can find great properties and properties in the Trenton area by looking on Trenton Real Estate
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