Friday, April 30, 2010

Brushing Up on Real Estate Basics By Barry Petersen

The world of real estate may be plain and ordinary to those who understand it, but for those who are about buy properties and have no significant idea about the industry, simple research will go a long way.

What is real estate and what is a real estate agent? Real Estate is a term, in countries such as the U.K., USA, Canada, and the Bahamas, which covers land, improvements and fixtures in a certain property. It can refer to the land itself, the air above it and what lies under. A real estate buyers agent is someone who helps other people who are selling or buying properties. An agent can help a person if he wants to sell a house through a third party and will also assist in decisions regarding the price of the house, finalize the sale and provide guidance all throughout the process.

An is one who is licensed to help people sell or to act on behalf of others who are trying to purchase a property. The agent is usually trained through courses and must pass examinations that allow him to obtain his license. Though a person can buy or sell a property by himself, there are so many laws to be observed that often, he gets in trouble when he has little knowledge of transactions of this nature. Thus, many buyers or sellers find hiring an agent a much easier for them. Plus, hiring an agent as a seller will also get your property advertised by the company where the realtor works.

What are the qualities of a good agent? Try to ask the people around you, your friend, neighbor and relatives to describe their previous experiences with someone who has helped them sell any properties. Good and trustworthy agents have customer satisfaction as their number one priority. And a good feedback from customers means that the agent is a good choice.

Look for agents on the Internet. Try to find the top real estate companies in your place, look into their site and look up the profiles of individual agents. Also, try to look for customer testimonials.
Search for advertisements. Real estate advertisements are run by agents for two major reasons. One is to sell real estate and the next is to promote their services. View the web sites of agents who are advertising.

Contact them and ask them about their experience.

Agents help you save time. Instead of handling all the work yourself, leave it to a good and reliable agent. After agreeing on the terms and conditions, he will do all the necessary work.