Here are Some of the Important Duties of an Estate Agent

Have you ever wondered what it is exactly that estate agents do, to earn their fee when they sell a home? Maybe you are about to do just that and you are going to need the services of such an expert for the task. In any way, you will do well to learn more about the business of estate agents and this guide will help you do that. Here are some of the essential aspects of the work an estate agent does for you:

• Helps you evaluate your home — by using their expertise on the matter, an estate agent can help you set a value on your home. The most important aspect here lies with them setting a current price that stays competitive in regards to the current market trend. The way they do this is by using their knowledge of the market and by keeping in touch with the current trends. They can check the sold prices in the land registry, comparing similar properties. Of course, you can always do your research, so that you have a figure in mind. It is also important to get as many evaluations as possible, to see where the median settles. Never take the offer of a single agent. And if you are using online agents, you should know that sometimes they lack the experience of a high street agent, so you might want to be careful.
• Markets your home — there are a few arrangements the estate agent should make in regards to selling your property. First, they will arrange for a professional photographer. Then, they will get the floor plan and make a detailed description for the sale. These are all essential aspects of their work that are normally included in the fee. You want to inspect both the pictures and the description of your property, to ensure they do it justice. The estate agent should also set up accounts for big property websites. They will arrange for an Energy Performance Certificate, which is required before doing further marketing. If the property is not selling as quickly as you like, your estate agent can adjust the marketing plan.
• Conducts viewings — another aspect of the work an estate agent does for you is arranging viewings for prospective buyers. They can also answer any questions the buyers may have. The best thing is that the agent may already have a list of potential buyers they can use for the task.
• They can lead the negotiations — if the prospective buyers want to initiate negotiations, it is the estate agent that will act as a go-between. They can make offers to the agent, and they will pass them onto you, as the owner. The buyers will also ask the agent for more information on the property, and can even better understand what level of offer they can make, per your instructions.
• Moving the deal forward — when you accept an offer from the buyer, it is the agent who will move on the deal. They do this by contacting all parties, plus solicitors and others for the needed information. That is when an estate agent can unblock issues and work on the critical points of contracts and completion of the deal. That is when the agent acts more like an advisor, as they work through the steps of the sale process.

These are important aspects of the work of every estate agent you can work with. Understanding them can give you a better understanding of who to hire and how to make the most of their services.

© Onyx Property Team