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Sunday, 28 October 2012

Role Of Real Estate Agent For Property Transaction

Role Of Real Estate Agent For Property Transaction

In the recent years, the Real Estate Industry has witnessed tremendous growth. With the ever increasing demand of properties for industrial and residential purposes, the role of Real Estate Agents has become more significant in such transactions. Usually, the primary role of the Real Estate Agent is to act as an intermediary between the sellers and the buyers. But the changing scenario has led to the precedents where buyers and sellers prefer separate Real Estate Agents so as to obtain impartial and specialized services.
In the current time, Real Estate Agents are a vital component in any property transaction owing to their specialized knowledge and understanding of the Real Estate Sector. Besides locating suitable properties as per the demand of their clients, Real Estate Agents have started undertaking certain specialized roles which are listed below.
Comparative Market Analysis
Comparative Market Analysis refers to the estimation of value of a property in comparison to others. It is a specialized job to evaluate the current value of a property. The Real Estate Agent is responsible to determine this value and convey it to the buyer or the seller, whomsoever he represents.
Real Estate Agents play a significant role in the marketing of the property to be sold. They may resort to online techniques or the conventional methods to familiarize the prospective buyers with the property.
 Guidance In Selling
Owing to their vast knowledge and experience in property transactions, Real Estate Agents facilitate and guide the sellers during the selling process. Their role becomes particularly very important for the sellers who are completely unaware to the selling procedures.
Preparing Contracts And Documents
Real Estate Agents are also involved in the preparation of all kind of paperwork including contracts and documents. The terminology of documents is often not easy to understand for the lay man. Real Estate Agents serve as the interpreter of the legal terms and conditions stipulated in the contracts thus guiding the seller through the transaction.

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