You may be thinking about purchasing or selling a house for whatever reason. While considering costs, location, expenses, and other logistics, the option of hiring a professional real estate broker should not be left out. A real estate broker can also be called a realtor or real estate agent, and they refer to a group of people who specialize as representatives of a buyer or a seller of real estate property. Real estate brokers can work independently or as agents of a firm usually called a brokerage.
There are different types of real estate brokers depending on the roles they decide to take and who they’re representing. A buyer’s agent represents the buyer in the stages from the home search, down to the sales transaction, a seller’s agent (or listing agent) on the other hand represents the interest of the seller in all transactions, while a dual estate agent represents both the buyer and the seller in the same sales transaction, etc.
Purchasing a real estate may seem like a simple thing to do on the surface, but we have seen lots of people chicken out of the process midway through when they begin to experience just how tasking it can be sometimes. A professional broker is trained to understand the difficulties in real estate processes and through years of experience, has been able to find ways to ease these bottlenecks to their client’s advantage.
Functions of a Professional Real Estate Broker
No matter who they are acting for, the job of a broker/brokerage is to represent the interest of their client. They are to make sure that every transaction they make and any activity participated in with regards to their very client’s transaction optimally benefits the client. To this end, they perform the following functions:
- The listing agent (seller’s broker) helps put up the property for sale, ensures that suitable buyers are found, plays a general advisory role by giving advice to the seller on best practices and conduct, informs the seller of any offers for consideration, helps the seller to negotiate prices for the property in such a way that the seller doesn’t sell less than the value of the property, and explains the content of documents, among many other negligible functions.
- The buyer’s agent helps in locating a good property for the buyer in line with projected standards and preferences. The broker helps to carry out inspections on the property, draft initial offer and purchase agreement, negotiates prices with the seller, ensures that the property is bought at a fair price, and carries out any other function that may be required of him within the agreed upon scope of work.
- Dual Broker: They combine all the activities of the seller’s and buyer’s agent and they ensure that both parties are satisfied with the outcome of the transaction.
Why you should use professional brokers
- Negotiation skills are very important skills in the bargaining stages, and this is one of the numerous features of a professional broker.
- Professional brokers are highly skilled in the art of negotiation, thanks to training and practical experience. With professional brokers, you can be assured that your broker would bring you the best deals at the best prices possible.
- Professional Brokers have a really wide knowledge of the industry which most self-acclaimed brokers lack. Most of these brokers have a deeper understanding of the trends of real estate based on factors such as the geographical location, the occupants of the neighborhoods, and sometimes even by seemingly unrelated government regulations. Therefore, while you see a property and smiley neighbors, a professional estate broker/brokerage sees you bringing up a family here, the value of the real estate should you decide to sell the house when you achieve certain goals, and the effect of a migrant population on your family. Thus, based on experience, a professional broker is your best bet.
- They’re a vast network of professionals and they know the best contractors to engage for the best results. This is especially important as these days tend to bring forth the best only by word of mouth. This implies that if you consult the services of a professional estate broker/brokerage, chances are that they also have capable hands you have aided their ascension into the status of “professional,” It therefore only makes sense to follow up with these referrals.
- Finally, professional brokers are optimally trained to keep any private information confidential, as they have licenses which may be revoked as a result of certain unprofessional actions.
Contact TrueLiving Realty today, and get your professional broker for efficient services.