Importance of Buyer and Seller Representation Services
October 26, 2021
A real estate agent has a fiduciary responsibility when it comes to representing both a buyer and seller during property transactions. In most transactions, an agent represents either party separately. Real estate representatives have a legal liability to provide their clients with undivided loyalty and act in their best interest.
Following are the benefits of buyer and seller representation services:
- Benefits to a Buyer: A real estate agent representing a buyer helps him find suitable property in an area of his choice. He may also help the buyer get in touch with professionals such as mortgage brokers, home inspectors, attorneys, etc. An agent representing the buyer also provides needful advice and guidance throughout the buying process.
- Benefits to the Seller: An agent representing a seller helps him prepare the house for sale. He lists it in MLS, provides offline and online marketing guidance and also helps with the process of showing the house to potential buyers.
- Other Services: Agents who provide buyer and seller representation services also offers services such as renewals and restricting, lease buyouts, build-to-suits, managing purchase and sale agreements, financing and lender options, lease vs. purchase evaluations and more.
- Experience: A real estate agent representing a buyer and seller offers a number of benefits due to his experience in the field and knowledge about the working of the real estate market. He is aware of the market conditions and emerging trends. This knowledge helps sellers in positioning their property in such a way that they gain maximum exposure.
- An Action Plan: An agent representing a buyer or seller helps a client to formulate an effective action plan for best results. Such a plan consists of steps such as conducting property valuations, comparative analysis, choosing the best source of finance, getting a brokers opinion on property valuation, community outreach, coordinating property tours and more.
- A Positive Impact on Real Estate Portfolio: If you are an investor, hiring the services of a real estate agent may impact your business investment portfolio. An agent will help you make investments that match your specific needs and help with ensuring a seamless closing experience.
- Maximum Return On Investment: If you are a seller, being represented by a real estate agent will help in getting the highest sale value for your property. The level of expertise and experience of real estate agents helps in obtaining maximum disposition value by executing an effective marketing plan.
- Other benefits: Engaging an expert for representation services helps with managing title issues, local zoning ordinances, negotiating on features and amenities provided, exposure to eligible property in an area (for buyers), expediting the process, reviewing contracts and more.
The Rental Management Company assists buyers and seller to buy/sell properties in and around Corpus Christi. For more information on buying / selling process and how TRMC can help, visit 14613 South Padre Island Drive Corpus Christi, TX 78418 or call at (361)-949-9050.
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