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 so many foreclosed homes that you are going to find and residences listed on rock bottom prices as 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.
You may as well want to keep reading to be able to learn more how you are going to retain the services offered by a real estate agent.
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 functions of vendor and endeavor to get them the most money probable. The agent will receive a cut from the final sales price and for that, it’s in their best interest to get 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 being hired by buyer and see to it that they can save the highest possible amount when buying a house. This real estate agent is getting a portion of the sales price and for this reason, the buyer pays the agent a percentage of the final price. With this, the buyer’s real estate agent is able to generate good amount of profit while representing the buyer. Such agent most of the time charges clients around 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 often takes place when the prospective homebuyer hires a broker as buyer’s agent and then, chose to place offer on house or property that the agent listed. This real estate agent is not representing either client.
This type of real estate agent isn’t offering guidance to client and they work only to seal the deal. The agent is going to place appointments for house inspections and will discuss about the mortgage company but you won’t see them offering guidance in regards to the sales price.
In current real estate market, there are tons of money saving deals that you are sure to find. It’s integral that you make yourself aware of the different types of agency that offers their service before you opt to hire a real estate professional.