The Benefits of A Real Estate Agent 101
Sunday 17 February
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by Lori Osenbaugh
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Buying and selling property is not as easy as you may think. There are many things that you have to consider when purchasing a home, or when putting a home up for sale. That is why there are real estate professionals out there armed with the skills and knowledge needed to make this process easier. Read below to see how a real estate agent can help you in your real estate transaction.
The Benefits of a Sellers Agent
When you list your property through a real estate company, the individual with whom you list is known as the sellers agent, or listing agent. The very first thing that a listing agent has to offer a seller is a comparative market analysis, or, a CMA. A CMA compares your property to other real estate property listings, preferably ones that have sold. The goal of the agent is to compare apples to apples. In other words, they compare MLS listings (a.k.a the multiple listing service) with similar square footage, whether or not the property has a garage, the types of flooring the home has etc. In the end of this analysis, the agent provides you with a figure for which he or she feels that your property will sell.
Once you have chosen a sellers agent, you enter an agreement with them, often called an exclusive right to list agreement. This simply creates a legal relationship between your agent and yourself. Once your house is listed in the MLS listings, there is still much more your real estate professional can do for you. Real estate agents advertise property within their office and on their own personal websites. They often send out news letters, flyers, post cards and offer MLS bulletins for other realtors to see so that your property gains maximum exposure. In addition to advertisements, real estate agents also perform open houses on your property, during which potential buyers can see all that is good about your home.
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