The property market is a difficult industry. There's need of established Estate Agents North London to help people in buying or selling their properties. There are lots of unqualified agents that would want to dupe you to believing they're the best therefore determination needs to be observed when choosing an estate agent. Below are some of the key responsibilities of an estate agent:
Do research on the property
It is the estate agent’s obligation to gather all information they can on a property. This is to ensure that they have answers to any questions asked by interested parties or potential buyers. It's also their obligation to arrange for the photographing of the property.
Marketing the property
The estate agent ensures that the property is carefully and largely marketed. They have to know the target audience and hit those people with advertisement campaigns. Marketing could be through the media, pamphlets, attending corporate meetings where potential buyers are likely to attend among others.
Approximate value of the property
It's up to the estate agents to use their skills and past experience to estimate the value of the property. This will guide the buyers when buying a house to run through properties that are within their budgets.
Advice clients
Customers are provided with guidance enabling them to understand more on what to buy. Such guidance is vital for any buyer as buyers could easily be confused on what to purchase. The advice also gives the buyer a much deeper insight of what's going on in the real estate world.
Keeping current trends of the property market
The estate agents must know the latest trends. This will help in selling properties. The information can even ensure that their marketing is right and on point. Keeping current trends will show the estate agents what properties are most marketable at a specific time.
Coping with paperwork
It is the work of estate agents to handle the paperwork of the properties they're promoting. They should ensure that the legal requirements are followed to refrain from any form of controversy with the law. They have to also manage all the paperwork involved in the selling of the property.
Agents of sellers
The estate agents represent the sellers during discussions. They ensure that all the requirements of the seller are fulfilled. The agents are supposed to speak and act on behalf of the seller.
Liaising with interested parties and monitoring sales
The interested parties include; mortgage brokers, solicitors, other estate agents and surveyors. The estate agent in charge of a certain property must ensure that associations have been created with any interested party. The agent should be present to observe the sale of the property to make sure all rules are followed.
Keep good communication with sellers
The estate agent and the seller should be in constant communication so that the seller is updated on the progress of the property sale. The sellers must also be able to let the agents know exactly what they need. The agent in turn ensures that the conditions of the seller are fulfilled.
Ensure the value of the property is realistic
It is the responsibility of the estate agent to make the selling price comfortable for both the seller and buyer. Estate Agents North London have a duty of satisfying both parties.
If you would like to buy or sell a property, just call 020 7339 3073.
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