Real estate terminology can be a bit confusing. A sales agent works with people who are buying a home. They’re not just there for the closing – their job is to help buyers from start to finish. Of course, you can go home hunting on your own, but a sales agent is a licensed professional who is trained to understand every detail and help you so you don’t miss any important steps. A good sales agent will sit down with you early in the process and help you make a list of what you want in your next home. They will take note of your current life situation and ask you what you like about it and what you would like to change. If the market is a buyer’s market, which means inventory is high, you may be overwhelmed by looking for too many properties. Your agent will refine this for you quickly.
Their next step is to get you pre-approved if you haven’t already. A pre-approval letter shows the home loan amount the bank has approved you for. According to Better, having a pre-approval letter shows sellers you’re serious and gives you an edge over other buyers who aren’t pre-approved. This is especially useful in markets where multiple offers occur. Your sales agent will help you find the best deal for a home once you find the right one. They know the market and will tell you if your offer is too high or too low, and they will also take care of all the negotiations so you don’t have to. After a home inspection, they can negotiate repairs or money at closing. They will be there with you on the final visit, making sure everything is as it should be. Your agent will plan your closing and be there, represent you and ensure that all documents are accurate and signed.
Finally, they are the ones who will give you the keys to your new home. A sales agent has a fiduciary responsibility similar to the trust between a doctor and a patient, or an attorney and a client. According to Real Estate Express, the selling agent’s fiduciary responsibilities include disclosing all known material defects in a home, acknowledging all funds received and disbursed, treating clients fairly and honestly, and complying with all laws. state and federal.