Whether you're looking to purchase or sell a home, you can work with a realtor or other real estate agent. However, you may come across a few terms describing the agent's job function. Knowing the difference between the types of agents can help you to fine-tune your search and avoid some pitfalls.
Do You Need a Buyer's Agent or a Selling Agent?
"Buyer's agents" and "selling agents" are the same things. You can use the terms interchangeably. Selling agents represent the buyer in a real estate transaction. These agents can help you do several things.
If you have any question about the buying process, or a particular property, then speak to a buyer's agent. A local buyer's agent will know the neighborhoods and the homes located in them very well.
These agents will guide you through the process of buying a home. Even better, you don't typically have to worry about how much you need to pay a buyer's agent. The seller usually pays the commission for these agents at closing.
Do You Need a Seller's Agent or a Listing Agent?
Seller's agents, or listing agents, protect the interests of the seller. Don't become confused by the terms "selling agent," and a "seller's agent." Listing agents do a lot of work for the seller.
Listing agents can help you earn more on the sale of your home. They will market your home aggressively and aim for a quick close without sacrificing value. They will also do most of the legwork on your behalf to that end.
Show Care with the Types of Agents You Speak To
One type of agent works for the buyer exclusively, the other for the seller. It's possible for an agent to work with both parties, but it's not typical. Keep this all in mind, or you can end up in a situation where you give the wrong information to the wrong type of agent.
For example, you can go to an open house and meet an agent. While there, you can say you're interested in the property, and reveal personal information to the agent. The listing agent can then bring that information back to the seller to help them demand a better price from you.
Whether you're purchasing or selling, make sure you choose a realtor, like one from RE/MAX Advance Realty, who will work wholly on your behalf. You want someone knowledgeable who has your best interests at heart.
Hi, my name is Jessica Williams. Thanks for stopping by my website. I have moved a number of times and in three cases I have had to sell a house. The first time I sold a house I listed it with a real estate agent. The second time I did it myself. The third time I listed with a realtor. You can probably ascertain from this information that I found listing with an agent the better route. I managed to sell my house by owner that one time, but never again. There is too much involved and too great a risk for errors. There’s a bunch of paperwork and preparation that goes into selling a house, more then I imagined. My goal here is to share my experiences with you. My hope is to make your experience as pleasant as possible.