Estate Agents are a vital part of the property buying and selling process. They work with both buyers and sellers to find the perfect home for them. In addition to this, they also provide a range of services.
What Are Estate Agents?
They are responsible for organising the sale and letting of residential and commercial properties. They also deal with mortgages, conveyancing and the eviction of tenants. In Scotland, a licensed solicitor can also act as an estate agent.
What Are Estate Agents Paid?
Most estate agents are paid a fee when they sell or let a property. The amount is usually determined by the property’s price and can be a significant percentage of its value. This means that their job is very important and they work extremely hard to get you the best possible fee for your home.
The fees that estate agents take when selling your property https://www.estateagentsup.co.uk/1829/smart-move vary widely, but they are usually very reasonable. Some high street estate agents charge a percentage commission based on the property’s value; others offer a fixed fee.
You can find out the fee that an agent will charge by looking at their website or checking with them in their shop window. It is important to check that they have a license, which is required in most states. It is also a good idea to look at their previous work history and talk to their existing clients.
How Long Have They Been in Business?
This is a good indicator of how experienced an estate agent is. The longer they have been in business, the more likely they are to know the local market well. This will help them give you a fair valuation and sell your property quickly.
Do They Have a High Sales Rate?
There is some evidence to suggest that the sales rates of online estate agents are slightly better than traditional ones in lower price bands, but they still can’t match their high street counterparts. It’s worth noting, though, that these figures only include closed listings: if an estate agent withdraws a listing, they won’t be able to show their sales rate on their website or in their marketing materials.
Ask for references from people you know who have used the agent recently, and ask about their experiences with them. It’s a great way to find out whether they were satisfied with their service and how easily they communicated with them.
Make sure that the estate agent you’re considering is a member of a real estate brokerage. These companies provide additional licensing to their members and often also have a network of real estate professionals who can be called on for advice or recommendations.
A great place to start is your personal network – friends, family and colleagues are all likely to have an estate agent they trust and recommend. However, they may not have been happy with the service they received and may be hesitant to refer you.