If you’re thinking about buying or selling a home, you’ll likely wind up working with a
real estate agent. Real estate agents are licensed professionals who get
compensated on commission for their role in property transactions. They help
buyers and sellers with all aspects of the transaction, from scouting out homes to
negotiating sales prices.
1. Find Clients
One of the most important tasks real estate agents have is finding clients. They do
this by tapping into their sphere of influence, which is the list of people they know,
including family, friends, coworkers, and community members who can refer them
business. They also network at local events and meet with prospective clients
through open houses or other networking opportunities.
2. Showcase Properties
Another important task of real estate agents is showing properties to buyers. This
can include scouring the multiple listing service to find homes that fit a buyer’s
criteria, hosting open houses, and scheduling viewings of properties. A good real
estate agent can quickly discern what makes a home special and showcase its best
features to potential buyers. Also read https://www.kcpropertyconnection.com/ks/paola/
3. Negotiate Sales Prices
One of a real estate agent’s most valuable skills is negotiating sales prices on behalf
of their clients. They can draw on their knowledge of the market and the competition
to set an asking price for a home, and then work with other real estate agents,
lenders, and the seller to come up with a deal. They can also offer their client advice
on pricing strategies for different types of homes and neighborhoods.
4. Help Buyers Get Preapproved
If a buyer is interested in a home, their agent can help them get preapproved for a
mortgage. This can be a difficult process, so having an experienced professional by
their side is a huge benefit for the buyer. The agent can also help them with the rest
of the financing process, assisting with preparing loan documents and walking them
through closing escrow.
5. Manage Administrative Duties
A lot of a real estate agent’s time is spent on administrative duties, such as
managing their schedule, responding to emails and phone calls, and updating their
database. These tasks are vital to the real estate agent’s success, but they can be
tedious and time-consuming. That’s why some agents choose to hire an assistant to
manage these responsibilities on their behalf.
6. Attend Closings
Real estate transactions can be unpredictable, and the buyer or seller might change
their minds at any point during the process. The agent will need to be flexible and
adapt to the changes, all while keeping their eye on the end goal – closing escrow. If
there are any issues that arise, the agent will need to handle them with
professionalism and keep all parties updated on progress. As long as they stay
focused on the task at hand, things will eventually fall into place. Besides, agents
are paid on a commission basis, so they need to get their money!