Why selling through a real estate agent is a better option
What does a real estate agent do?
A real estate agent is an expert in the field of real estate. They act as an intermediary who brings buyers and sellers together to ensure that property sales proceed as efficiently as possible. In doing so, they assist with appraising a home and work with the seller to determine a suitable asking price. Thanks to their knowledge of the local housing market, they can accurately estimate the asking price. They then match interested buyers with suitable properties, while also managing the administrative tasks. Real estate agents are part of a regulated profession and are supervised by the BIV (Professional Institute for Real Estate Agents).
The difference between a real estate agent and a real estate broker
The main difference between a real estate agent and a real estate developer is that the former acts solely as an intermediary between the buyer and the seller. An agent does not own any properties but acts as an intermediary to facilitate the sale of a property. A real estate developer purchases properties and generates income by renting them out or reselling them.
Why do you hire a real estate agent?
Finding a property that meets all your needs is a challenging task. How do you know which homes are currently on the market, and how can you be sure that the asking price is fair? A real estate agent can help with all of these matters. They have a large portfolio of suitable properties, so they can always find a few options that match your needs. Plus, you can rest assured that the sale will be handled smoothly by a professional.
The benefits of a real estate agent
Has a wide range of properties.
Provides a professional appraisal of a property. This ensures that, as a buyer, you don’t pay too much, or that, as a seller, you receive a fair price for your property.
Inspects a property for defects.
We'll help you arrange the financing.
Protects your rights as both a buyer and a seller
Assists with administrative tasks.
Handles the marketing of your home for sale
Drafts the compromise
How much does a real estate agent cost?
There is no standard fee for real estate agents. However, a real estate agent always charges a fixed percentage of the property’s sale price. This percentage can range from 2% to 6%. The average fee for a real estate agent is around 3% of your home’s sale price.
How long does it take to finalize the purchase?
How quickly you can buy or sell a property depends in part on the housing market. In addition, a real estate agent’s expertise speeds up the process. They have all the knowledge needed to quickly find a suitable property, mediate between you and the seller, and handle the administrative details. On average, you can expect the sale to be finalized within two months. That’s significantly faster than if you were to handle everything yourself.