With the current status of the real estate market today, it is relatively easy to buy a great property at an incredible price. There are lots of foreclosed homes that you can find and residences that are listed on rock bottom prices because the mortgage loan providers just want to get the revenue due to them. By taking advantage of the service offered by the realtor, you are guaranteed to find the best deal on the market.
To know more how you can retain the offered services of a real estate agent that’s perfect for you ,keep reading to know more.
You’re going to find 3 different kinds of real estate agents in today’s modern housing world and these include the seller’s agent, buyer’s agent and a dual agent which you will learn more below.
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Seller’s agent – the main function of such is to get them the most money probable. The agent is going to get a cut from the final sales price and with that, it’s always in their best interest to have optimal sales prices of the house or property. The listing agent is basically the seller’s agent because they’ve vested interest on how to get optimum sales price and having said that, they are representing the vendor always.
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Buyer’s agent – such real estate agent is hired by the buyer and endeavor to save them the highest money when buying a house. Such real estate agent will get a portion of the sales price and for that reason, the buyer is paying the agent a portion of the final price. With this, the buyer’s real estate agent is able to generate good amount of profit while representing the buyer. Most of the time, such agent is charging clients between 4 to 6 percent commission rate for the representation.
Dual agent – they’re representing both the buyer as well as the vendor equally for this type of agent. This type of business will take place when the prospective homebuyer has hired a broker as their buyer’s agent and opted to place an offer on the house or property that the agent listed. As for this agent, they are not representing either client.
This type of real estate agent isn’t offering guidance to client and they work only to seal the deal. He or she will put in place appointments for house inspections and talk about the mortgage company but won’t offer any guidance in regards to the sales price.
In current real estate market, there are lots of money saving deals that you can find. Before opting to hire a real estate professional, it is integral that you’re aware of the various kinds of agency that is offering their service.