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How Do I Find a Reputable Real Estate Agent?

Published Date : February 3, 2022

With the rise of social media, Filipinos are more likely to conduct their real estate transactions independently. But when purchasing or selling a house, a skilled real estate agent can help you make wise decisions and prevent costly mistakes. A real estate agent can speak on your behalf during complex negotiations to avoid things getting too personal. Because of this, you may be more likely to receive the house you want.

But before discussing how to find a real estate agent, let’s first discuss what a real estate agent does.

Real estate agents aid in the purchase and sale of real estate. In addition to providing information about the current market conditions, real estate agents also act as a resource for their customers by connecting them with other service providers such as house inspectors and attorneys. They have different titles depending on who they represent in a real estate deal.

A buyer’s agent is a real estate agent who works on behalf of a home buyer. On the other hand, a listing agent handles all aspects of the seller’s side of the transaction, including pricing, marketing, and any contract negotiations.

A dual agency occurs when one real estate agent simultaneously represents both the buyer’s and the seller’s interests. When a buyer and a seller use the same real estate firm to find an agent, this is what happens. If you’re thinking about agreeing to this agreement, keep in mind that it has certain inherent risks.

So how do you find them?

Start by asking your friends and relatives if they know an excellent real estate agent. If you’re looking to hire a real estate agent, check out their websites, social media profiles, and customer reviews. A few bad reviews aren’t a deal-breaker, but several of them might raise suspicions.

It’s also a good idea to speak with at least three different agents. You may be shy because conducting an interview may seem too formal, but this is a significant transaction. So you need to choose a reputable real estate agent that can help you.

You can ask questions such as:

Experience and past transactions. Are there any certifications or distinctions that the agent has received? Look for a real estate agent that has previously worked with people in your situation.

How much is the fee? The selling agent and the buyer’s agent split the real estate commission, which is typically paid by the seller. Five to six percent of the sale price is the standard real estate commission.

Negotiation may be an option if you’re selling a high-priced house, so keep this in mind. Even if the agent won’t budge on the commission, it’s worth asking.

Additionally, you can learn about the agent’s communication preferences and availability throughout the interview process. Choosing a real estate agent who is comfortable messaging and seeing properties after business hours is essential if you plan to do so.

Go with your gut.

An agent’s ability to smoothly assist you through the procedure is just as crucial as their knowledge and experience. In the end, choose an agent you can rely on, even if the path to closing is challenging.

This Is Critical! Look over your contract carefully.

All the terms you’ve agreed to, including the real estate commission, should be included in your contract. So, pay close attention to avoid unnecessary problems along with the transaction.

You want to have a solid sense of security when making any relationship-based decisions. The best way to locate a good real estate agent is to choose the one you like, one who answers your questions honestly, and one who has your best interests at heart.

Nowadays, you can browse real estate properties in the comfort of your home. So, if you are searching for a condo for sale, house for sale, or even lot for sale, trusted real estate websites is the place to go. So, you can guarantee that the Listings are from 100% Trusted Agents Only.

What Your Real Estate Agent Won’t Tell You

Published Date :

Agents don’t always tell their clients everything they know. As much as they may try to assist you in the homebuying process, they may prefer to keep their secrets to themselves. Some secrets that your real estate agent would not tell you may save you money and assist in selling your house more quickly. When it comes to real estate, information is power.

So, here are a few things your real estate agent might not tell you.

You Can Negotiate the Real Estate Agent’s Commission.

Even though an agent will tell you that the majority of their clients pay at a specific percentage, this number is totally changeable. The internet has made the job of a real estate agent easier than ever before because buyers are more accessible than before.

In addition, you should take into account the price range of the property you’re selling. There is no difference in the amount of work required to sell a Php 1,500,000 house or a Php 15,000,000 million house. Still, the agent’s compensation is significantly more. Think about that when you’re in the middle of talks.

A Home May be Able to Sell Itself.

If your property is well-presented, you may be able to bargain an agent’s commission, as you just learned because most properties sell themselves when they are well-presented. Agents aren’t armed with any specific methods for persuading people to buy a home. Buyers are more likely to buy properties they like and can afford. Your home will sell quickly and easily if you present it correctly.

You Compete with Other Properties Sold by your Real Estate Agent

Your real estate agent isn’t only out to make a buck off of you. Assume they have a possible buyer interested in your property, but he or she isn’t quite ready to make a buying decision. As an alternative to this, if they believe a different property will be easier for them to sell, they may direct them to that one.

Endowment Effect

When it’s time to put your house on the market, you may have an exaggerated sense of its value. Overestimating the worth of your house can be the result of a mismatch between your expectations and what’s actually happening in the market. Before putting it on the market, be sure to look at your house from a potential buyer’s perspective. You can’t change everything that is lowering the value of your property. Still, you can modify things that might discourage purchasers and lower the value of your home. With these issues addressed, you may impact the price a buyer is willing to pay for your property, increasing its worth to them.

Some agencies will not take the listing if you ask for more than the market can sustain. On the other hand, other agents are less picky, despite the fact that overpricing can hurt the seller by increasing the time the house is on the market.

You are Not Being Judged by Your Agent

A professional real estate agent’s mental assessment of your aging or dilapidated home may be a frightening thought. If you feel that your present real estate agent is analyzing your decor or making more judgmental remarks than helpful, don’t be afraid to switch agents. You’re paying them, so; you should not feel that way. However, most likely, they are just evaluating than negatively judging them.

You’ll be Disadvantaged if Your House is Unfurnished

Emptying a house to make it more appealing to buyers is a common misperception, but it has the opposite effect. It is difficult for people to picture the layout of their homes, so they will offer less than if they can imagine their homes with a kitchen table here and a bed and sofas there. According to the Appraisal Institute, unfurnished homes sell for 6 percent less than furnished homes and stay on the market for a more extended period.

All That Matters Is the Staging

This is a follow-up to the previous subject. Remember that prospective buyers and renters will appreciate it if your property isn’t completely deserted, but that doesn’t imply it should be crammed with your belongings. You may need a skilled stager who knows how to fix problems like bad lighting or simply make the property more appealing. Some of the best home staging recommendations are de-cluttering, cleaning or replacing appliances, removing personal objects like photos, and removing odors.

Tip: Make sure it’s well-priced and tastefully presented.

Make Your Property Move-in Ready

It’s critical to find a house that’s ready for immediate occupancy. If your property is in need of repairs and you can afford to do it, it will drastically minimize the time it is on the market and improve the eventual selling price. Some buyers are willing to take on a home remodeling project and consider a home that isn’t in move-in condition but beware. Those buyers also tend to low-ball the asking price.

Do your Own Research!

Most real estate agents won’t tell you this, but it’s critical to know. You’ll never hear anyone say that the current market conditions make it a bad time to buy. They’ll never tell you that now is a horrible time to sell your property. They’ll never do it.

What’s the most fantastic way to find out more? Do your own DUE DILIGENCE! Once again, the key to success is gaining as much information as possible.

The next step is to put what you’ve learned into practice. Do you have a strong interest in the real estate market? Before making a decision, look around on real estate websites online to see what’s available. Get access to the largest and fastest network of real estate operations and start taking action now!