Whether you are buying or selling a real estate property, having a real estate agent who will assist and help you all throughout the process is a big help especially since they are trained professionals who know exactly what needs to be done and how the market works. But when it comes to dealing and working with real estate agents, there are things that you need to know from real estate agents. These pieces of information can help you to better work with your real estate agent and to find that property that best meets your needs and fits right your budget.
The agent’s commission is negotiable.
Real estate agents earn from the commission that they get. Contrary to what most people would think, although there is a fixed rate, their commission is quite negotiable. You just have to discuss it with the agent and haggle with the rate or amount.
If you want to have the best property for the least money then you need to be in the strongest position. Real estate agents would recommend buyers to be “pre-qualified”. This does not have to be difficult. You simply have to answer the questions of the lender over the phone. Based on the answers you’ve given, they will assess if you are “pre-qualified” and you will be given a certificate. To have the strongest offer, being pre-approved actually helps.
Sell the property first before buying.
Most would sell their property and simultaneously buy a new one. Many are just too eager. But if you are selling your house, you need to sell it first before you start selecting a new house to purchase. For instance, if you have finally found the house you want and you want make an offer to the house seller. As much as possible, you want to reduce the price and there you have to wait for you to finally sell your house. The seller might not wait until you are finally able to sell your house. So, it is best that you sell your property first before you proceed with buying a new one.
Do not rush into anything.
Your real estate agent will show you different properties that meets what you are looking for. Before, it was common when homes were selling pretty fast. Agents would recommend their clients to have an offer right there and then if they really wanted to get the house. But nowadays, given the different options and the things that you have to take into consideration, you do not have to rush anything. There is no need for that sense of urgency unless a property is underpriced and it would be a waste that you won’t make an offer now.
Do not hesitate to ask questions.
Your real estate agent is there to guide you from choosing a property to finally acquiring your dream house. In as much as you take the time to have your own research about the industry and the real estate market, real estate agents still have a lot of information and other things only they know. If you are uncertain, it always helps to ask questions. After all, your real estate agent is there to help you find your dream house in the best deal possible.