In real estate transactions, searching for the right property is a preliminary step to any successful transaction. While this process is more tedious than expected without professional help, commercial real estate professionals add value to a property search process more than online real estate databases. Realtors render more personal, specific, and valuable services to buyers.
Apart from the reasons mentioned above, how does a commercial real estate professional add value to a property search process? This is a decent question a buyer expecting a successful deal must ask. For this reason, this article will enlighten you on the role realtors play in the process of searching for properties.
Listed below are four valuable ways realtors contribute to the process of searching for properties for sale or lease:
Real estate brokers are acquainted with the current market trends. They are aware of the available spaces at various locations, the current market prices, and mortgage interest rates.
Realtors make their clients aware of the options available to them and determine the feasibility of their client’s needs by comparing the needs with the budget. When the client’s needs are not feasible, they provide alternative options open to the clients.
According to the article; The Art of Negotiating without Trauma published by the New York Times, Abram Barkan, the president of Jonesfelt Realty points out that: “You
Here is an undisputed fact: No one knows the current market trends more than a realtor. Before the property is sold, realtors conduct comparative market analysis to confirm that properties are sold at fair and current prices to their clients. Likewise, they can bargain for a lease concession and secure the best deals for their clients.
The formation of a purchase contract requires an expert’s service to ensure the terms are clear and uncompromised. Realtors work with the client’s attorney to prepare a purchase contract and ensure that there is no element of fraud, mistake, or misrepresentation in it. Moreover, buyers can get information about the rights they enjoy on a property when a purchase is made from a realtor.
Based on their experience, real estate brokers know where and what to look for while inspecting properties. What looks like a dream home to a buyer may have hidden traps, leaking roofs, bad plumbing, or weak foundation concealed with attractive packaging. Realtors provide a professional inspection to ensure your future home is not a death trap.
Without a doubt, realtors make communication easier between the buyer and the seller. Besides, in a dual agency, a realtor is an agent of both the buyer and the seller and owes a fiduciary duty to all their clients. Nevertheless, if you are searching for a property to purchase, hire Quinn & Associates because doing so safeguards your interest as a buyer.