Uploaded on Jan 28, 2022
A buyer’s agent is also called buyer’s advocate. He is a licensed professional who solely represents the buyer in an unbiased manner. The home buyers hire a buyer’s agent as they help them in navigating through the home buying process. If you are searching for the best seller agent in hampton park then visit our website and get more information regarding this topic as well. Read more: https://ealestatepakenham.blogspot.com/2022/01/difference-between-buyers-and-sellers.html
Difference Between Buyer’s and Seller’s Agent
Difference
Between Buyer’s
and Seller’s Agent
When you make a decision to buy or sell a property with the assistance
of a local real estate agent in Hampton Park, it is important to know
if you need a buyer’s agent or seller’s agent. It is crucial to understand
the difference between a buyer’s agent and a seller’s agent in the real
estate market.
As a buyer, you should understand how they can help you in making such a
big decision in your life.
Where will you find the right real estate agent and which real estate
agent do you really need?
Keep reading, this blog will give you information about everything that
you are seeking.
Buyer’s vs Seller’s Agent
The major difference between a buyer’s agent
and a seller’s agent is in the fact i.e., whom they
represent.
A buyers’ agent works for the buyers. They help
buyers in buying a property by giving them the
least stress.
The seller’s agent works exclusively for home
sellers. They help the sellers in selling their
property at the best possible price that too in
the shortest time.
The end goal for both of them is to work towards
one single goal and that is to get the deal done.
But the objectives of both the agents are entirely
different.
What is a Buyer’s Agent?
A buyer’s agent is also called buyer’s advocate. He
is a licensed professional who solely represents the
buyer in an unbiased manner.
The home buyers hire a buyer’s agent as they help
them in navigating through the home buying
process. They ensure that their client gets a fair and
reasonable deal at the best price achievable in the
prevailing real estate market.
A proficient buyer’s agent will give you
unbiased recommendations for every
property they present.
Also, the best part is that there are no hidden
agendas. A buyer’s agent is free to search anytime
in the market, both on- and off-market properties,
private sales, and also advertised properties.
What is a Seller’s Agent?
A seller’s agent is the opposite of a buyer’s agent. They work for those who are looking
forward to selling their homes. The seller’s agents are paid by the owner of the house
instead of working and being paid by the purchaser.
The seller’s agents are typically called real estate agents. They are responsible for
organizing the sales process from beginning to end. The work with the objective of
getting the best price and sale terms possible for the seller/owner of the house. Also,
the challenge is to get the best price in the shortest time possible. (If the seller has
some urgency).
The benefit of employing a seller’s agent is that they can basically act as a market
reporter. They can dish out their experience and advice, therefore, save a seller the leg
work of having to do all the research, find and negotiate with buyers themselves.
Their role is to explain what the market could pay for your property. They also advise
you about the most effective ways to reach potential buyers.
Because it is a seller’s agent’s job to present the property in the best possible manner,
they will often choose just the best clicked, professional photographs using flattering
descriptions, therefore presenting the property in an appealing way.
Role of a Buyer’s Agent in Hampton Park
Developing Brief
This is the first step in the process of buying a
home. The buyer’s agent draws a brief of
everything their buyer wants. They create an
outline of prospective properties to look for. The
outline would include the buyer’s budget, the type
of property, the neighborhood, identify the best
suburbs, locations, and also lifestyle needs.
Many real estate agents also give strategic
investment advice, even though it may not be their
core competence.
A good local real estate agent will have in-depth
local real estate knowledge, open market
perspective. But they may not be able to give
advice on locations outside their area of expertise.
Conducting Research
Buyers’ agents are seasoned professionals. They
already have a wealth of information on the
properties sold, under contract, and available
properties that meet the buyer’s brief which
they can use to give a good understanding of
that local market.
Having all this information in hand not only cuts
down the research time for buyers but also
helps in managing everything from the scratch.
Shortlisting Potential Properties
The research done by the buyer’s agent is used
as a brief to look for and put together a shortlist
of the best properties available in the market
(also which meets the criteria).
In the next step, appointments are made to look
into and evaluate the shortlisted properties.
After proper scrutiny, the real estate agent
presents their client with the most appropriate
property that suits their needs.
Evaluating and Analyzing
Once the buyer finds the ideal property, the buyer’s agent helps in analyzing the price
and value before making a final offer. Then they explain the offer to the buyer and
also give advice if they should go ahead or not.
Arranging Inspections and Tests
A buyer’s agent will attend the property only after the valuer inspects it. Also, they
help in coordinating the things such as pest control, building inspection.
The real estate agent will also point out extra potential issues which may not be
included in the traditional home inspection but may help in preventing
expensive surprises.
Role of Seller’s Agent in Hampton Park
Just like a buyer’s agent, a seller’s agent also has
roles to play to help the seller in selling a home.
Property Presentation
The seller’s agent can easily help you in
presenting the property in a manner that stands
out and attract buyers. The seller’s agent takes
care of everything from staging to decluttering or
even pointing out minor work which is done to
increase the price. The seller’s agent is armed
with a wealth of information and by using that
the agent can get the most out of the sale.
Marketing
A great and experienced seller’s agent will know unique ways of marketing the
property.
Driving Engagement
Much like marketing, a seller’s agent’s role is to drive interests and engagement from
sellers.
Pricing
This is the point where the role of a top seller’s agent is identified.
The seller’s agents are quite well-informed about the current real estate market. They
use their market know-how and are able to pinpoint the price a property is likely to
sell for.
Communication
A seller’s agent is the middle link between a buyer and a seller. They are the ones
who pass on the feedback and also help the vendor in getting the offer from their
potential buyers.
The seller’s agents also facilitate communication throughout the sale process.
Why Hire a Real Estate Agent
for Buying and Selling a
Home?
A real estate agent can either specialize in being a buyer’s agent or can even
specialize in being a seller’s agent. But many times, there are real estate agents
who deal in both buying and selling a property. Such real estate agents take
charge of both selling and buying a property. For instance, a real estate agent
can be a buyer’s agent to one and seller’s agent to another at the same time.
Such agents wear several hats in a day and also keep themselves on their toes.
Real estate agents are proactive, passionate, and highly driven. Once you hire
a real estate agent for buying or selling a property in Hampton Park or nearby
suburbs, you will stay happy and stress-free. Right from the start to an end,
everything is taken care of by the real estate agents, so there is nothing you
will have to fret over.
For example, if you are looking forward to hiring a real estate agent in
Hampton Park, Narre Warren, or Pakenham, Contact Manny Singh, the best
real estate agent.
GET IN TOUCH
3 Withers Ct, Pakenham VIC 3810, Australia
+61 423 277 447
[email protected]
Content Resource: htt
ps://ealestatepakenham.blogspot.com/2022/01/difference-betwe
en-
buyers-and-sellers.html
Thank You
Comments