Whether you are looking for a piece of real estate for sale or trying to sell a property yourself, being knowledgeable about the real estate agency you are dealing with is crucial.
Honestly, just about anyone can pass the real estate exam and can become an agent, so as you can imagine, the quality of each agent varies greatly.
Fortunately, many real estate agencies are known for negotiating a fair deal, giving honest information, and adhering to ethical business practices.
Whether you are buying real estate for commercial purposes, for investment, or just your next place to live, it can be an extremely difficult and important decision. This is why it pays to know as much as you can about a real estate agency going into the deal.
It is amazing how few people bother to research a real estate agency before they look at a piece of commercial property. Most people trust their own instincts in figuring out whether or not a property is worth it.
Generally, most people do a little bit of research about the market, take a good look around the property, ask some questions, and then make a bid or go on their way. In reality, this is just not enough information!
Without a real estate appraisal, it is difficult to know how much a particular piece of property is truly worth. Even an honest real estate agent might try to play up the value of a property and downplay its faults. It is up to you to know what you are getting into. Sometimes, it is impossible to do that
When I was selling my house, I initially wanted to go with the highest number. I wanted to find a real estate agency that could get me the most money for my property, not a bad way to go about making my decision.
I talked to a friend before I picked out a real estate agent, however, and he told me that I wasn’t thinking about it in the right way. Getting a good return from a real estate agent is important, but I hadn’t factored in things like commission. The best real estate agents make a killing, charging a huge commission. Sometimes, it really makes sense to go with the second-best if they are the agent that talks real talk with me.
The commission they take could be less and you might end up with more money for your house in the long run. If you are a seller, you want the real estate agency that you hired to get you as much money as possible. Money that you have to pay in commission is money that you don’t get.
Of course there is way more to this whole transaction than what I’ve mentioned here, but to keep it short, I’ll just end with this.
If you have found this article helpful in anyway, please leave us a comment. You can also contact me with any questions or comments.
