Popular culture has probably painted a picture for you of real estate agents. This might be anything from a cut throat negotiator to something along the lines of a used car salesman. In honesty the truth depends on which agent you talk to. However, professional real estate agents probably all fall somewhere along the lines of what is discussed below. So what do real estate agents actually do?
Hint: It’s a lot more than showing property, and coming to closing
It depends on who they are representing (buyer or seller). This is because there are vastly different roles that a real estate agent must fulfill. Let’s take a look at each of these roles.
What Do Real Estate Agents Actually Do When Representing a Buyer?
A buyer’s agent certainly shows a lot of property. However, they must also be a neighborhood and community expert. Buyer’s agents spend a lot of time researching. They do this in order to remain knowledgeable about pricing and the overall condition of the market. Research also allows them to find you homes that match your criteria. Being an expert on neighborhoods and the current market is vital. This is important in order to aid their clients in selecting a home and location that best meet the buyer’s needs. They will be able to tell you about specific builders’ construction practices. Along with this they can show you which homes to select and which to avoid.
The buyer’s agent must also be a negotiation expert in order to get their client’s offer accepted. This is actually only the beginning as buyer’s agents must also guide the transaction through the under contract process. During this phase the home needs an inspection and appraisal. Depending on the outcome of these inspections additional negotiation may be required. You want to make sure you have a skilled negotiator in your corner. This will allow the home buying process to work out in your favor.
Good Real Estate Agent’s Don’t Just List It And Leave It
As a seller’s agent the responsibilities change. It is vital to have the listing shown in the best light. This means home staging and professional grade photographs. It also means clearing up issues prior to the property going on the market. Some of these might include minor repairs or ensuring that permits are in order. It really is a case by case basis as no two properties are the same. Once the home is on the market a seller’s agent must be knowledgeable about their listings. They will field many emails and phone calls with questions about the property.
Having spent a great deal of time with your home getting it ready for sale will allow them to know your home inside and out. Absentee agents who never see your home are missing this crucial experience. A seller’s agent will need to negotiate both the initial offer and condition of the property at time of inspection and appraisal. During the under contract process they may also have to address questions of title, insurance or other issues. A knowledgeable and experienced agent can easily solve these issues. This is in sharp contrast to an inexperienced agent who may panic. There are very few new problems in real estate. A seasoned agent has probably seen most of them and can easily advocate for your best interest.
We are highly experienced representing both buyers and sellers in Fort Collins and Northern Colorado. Contact us today and let us guide you through the real estate process. Doing so will allow your interests to be best represented.