Property Agent
Property agents are professionals who help in connecting the buyer to the seller. A lot of
property agents also do rentals wherein they connect tenants to landlords and even maintain the property on the
behalf of the landlords. The property agents work by li nking together the two interested parties and charging a commission for their
services. For sales, they charge commission only to the seller but for rentals (i.e. agent managed rentals)
the commission is charged to both parties involved in the transaction. property agents generally calculate
their fee as a percentage of the selling price (in case of sales) and as part of the rent (for rentals).
People, who want to sell/let their property, leave the details of their property with the property agent (and
in fact, even leave the keys of the house so that the property agent can arrange for viewings without them
getting into any hassle). The other interested party (i.e. the buyer/tenant), gets access to this information
by contacting the property agent. That’s how the property agents become a hub of information. Effective use of
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A lot of home seekers (including property investors) use the services of property agents not just
for getting good deals but also getting them quick. Since property agents are probably most familiar with the market situation in
their region of operation, it makes sense to approach them to get an idea of the going rate for properties in
that region. property agents would generally know the prices of various properties of different types and at
various locations in the region. People that have been interested in property agents have also shown interest
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A property seller can possibly get a few thousands more for his/her property by using the advice
received from a good property agent. A good property agent will also analyse the needs of a home buyer/tenant and
provide suggestions on what kind of home could be available to them within their budget. So a g ood property agent will not just throw a list of available properties to the
buyer/ tenant but will actually discuss their needs and make a suggestion. This, in fact, works in the favour
of property agent in two ways. Firstly, if the property agent is able to sell the house they get their
commission and secondly, if they make the buyer happy too they earn a good reputation (and hence more
business).
However, it is worth noting that property agents work on seller’s behalf. So, beware if they are
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