What Is The Work Of An Estate Agent?

A real estate agents Basildon performs for both the purchasers and sellers. Depending on who will be the client, the method of work varies. 

Here are some duties that a real estate agent conducts if the customer is a seller of the property.

Help to set the Price of the Property

Knowing the local market of the property, an estate agent gives the seller a resourceful judgment on the worthiness of the property in monetary value, framing it at a fair price for the market. They will also acknowledge the selling rates of other such similar properties as yours, with the help of Land Registry and will provide you an exact image of the properties as yours, are being sold for and why you need to line for more or less.

Market the Property

The real estate agent will organize your property for the professional photograph, draft an exact floor plan, and note down a detailed, specific, alluring description of the property to mention in the booklet, in addition, to the display window, and on various property portals.

Arrange Screenings

An estate agent organizes screenings of the property, also escorts suitable purchasers around the property, clarifying the doubts or queries of the purchasers. The agent also assures that your property is safe when they leave after a screening.

Manage Bargains

An estate agent’s duty is to cope with bargains and function as an intermediate for any suitable purchasers and property holders. Offers are to be revealed to the estate agents Basildon who will convey it forward to the holder and, will similarly, conduct it on the seller’s response to any other offers that are submitted.

Throughout this phase, the estate agent will help the purchaser but eventually, he will always place the seller (his client) first, and most importantly target to obtain the purchaser the best deal for their property.

Check Purchasers Seriousness

The estate agents should know the source and accessibility of the funds raised by the purchaser to purchase the property and relay the details to the seller. Generally, they will enquire the purchaser to give an agreement on the basis from the lender to verify that the purchaser is in a state to pay for the property. If necessary, the agent should consider finding more to prove the source of investments.

Work on Documents

If the purchaser accepts an offer, the real estate agent must publish a Memorandum of Sale to the property holder, purchaser, and their attorney stating all the relevant details required on each party and both party’s attorneys.