Realtor Benefits | Tri City Wa | Richland, Pasco, and Kennewick
How the Real Estate Agent Benefits the Buyer or Seller
Counselor, Mathematician, Accountant, Clerk, Negotiator, Salesperson.
This is what a Tri City Wa real estate agent is – all rolled into one.
Buying or selling a home is a very complicated and emotional event. Because of this, buyers or sellers ask an expert to assist them throughout this whole process.
Choosing a real estate agent to represent you during this time is the most important decision you will make. And the most important decision you will make in this process is
But what really is the role of a real estate agent? What benefits do buyers and sellers get from them?
A real estate agent
-guides clients throughout the sale
-surveys the home before he agrees to sell it. He has to know the condition of the property, and if maintenance is deemed necessary, he suggests improvements to increase its value and tells them that the potential buyer’s first impression is very important.
-checks if the seller has a clear property title.
-appraises the property to determine loan value.
-promotes the seller’s home to other agents and lists your property in multiple listing services.
-advertises the property for sale in local newspapers, mailings and real estate booklets. He also holds an open house, so potential buyers may view the home for sale.
-informs his clients about market conditions, prices, and other matters. He compares the property to be sold with others that have been sold recently to establish a fair asking price.
-assesses mortgage options to help in acquiring financing at the best rates and terms.
-works with homeowners, buyers, lending companies, inspectors to ensure that the sale goes well.
-interviews potential buyers to find out what type of property they are looking for, the location they prefer and their price range. Agents then search for lists of properties the buyers may like based on what they have discussed. In case the prospective buyers asks questions, the agent must be very familiar with the property he is selling.
-refers clients to sources for insurance, inspections, legal counsel and financing.
-weeds out buyers who will not qualify for a mortgage.
-sets appointments and escorts potential buyers to view homes and answers their questions about the property. He stresses important points about the property.
-investigates potential buyers financial and credit status in order to determine if he is eligible for financing.
-handles the sale when a property has already been chosen. He assists the buyers in filling out the necessary papers to make a formal offer.
-presents purchase offers to the seller or seller’s agent for consideration. They may accept or reject offers outright
-sets meetings with both the buyer and seller to discuss transactions.
-acts as a mediator during negotiations between buyers and sellers.
-sets meetings between buyers and sellers when some details need to be negotiated upon.
-explains to sellers the legal agreements with regards to the sale of their home.
-prepares paperwork such as representation contracts, purchase agreements, closing statements, deeds and leases to ensure that the sale pushes through without any problem.
-handles property closings, oversees signing of documents and disbursement of funds.
-sees to it all special terms specified in the contract are fulfilled before the closing date. Meet with lenders, home inspectors, and pest control operators to make sure that these terms are met.
Now you know, it is not all true when people say real estate agents drive around in fancy cars, work easy and get big money. They work hard to ensure everyone –whether it be the buyer or the seller - is satisfied.