People generally confuse the term real estate and real estate business. Real estate itself is unrelated to business as it represents a property of land and construction, including natural resources, such as flora, fauna, crops, parks, swimming pools, etc. that are immovable and extend to the premises of the property.
While the real estate business is the profession of selling, buying or renting these properties.
Real estate agents
It is a difficult task to fulfill the needs of the buyer and sellers of the property as the buyer may not get his dream property and at the same time the seller may also not get the price of his desire. To create a good connection between buyer and seller and to find the right buyer for a seller and vice versa, one can hire real estate agents who are easily available in the market.
Real estate agents or brokers are those who act as intermediaries between the buyer and the seller of the property and try their best to meet their requirements. Buyers for purchase and property owner for renting or selling their property contact the agent.
The agent listens to their requests and tries to fulfill them, for a property sold or rented under his supervision, the agent charges a percentage of the price of that property from both parties, i.e. the owner and the buyer. Agents use websites to promote property sales, often working busy nights and weekends showing properties to buyers.
Things you need to know about real estate agents
Although agents are such a blessing for those who are struggling to get a property or a price of their interest, but we need to be wise when it comes to choosing an agent. Agents are not obliged to show you the best properties or tell you all the things they know, they can get greedy at times and show you the properties that will benefit them more than you. On the other hand, for property owners they may end up leaving you with a paying guest that may bother you in the future, in fact, as an agent’s overall goal is to sell the property as quickly as possible.
possible, they can excite you and ask you to sell your property at relatively lower prices than you expected, and you would get it in a few days. It is best to choose your agent and the other party to buy or sell wisely, after taking your time, and not getting excited about every other offer you get.
New mediums of real estate business in the market
Today, many web sites and applications have been developed to remove the work of agents. Both parties contact each other directly and choose the deals of their interest. Although, this move has increased the transparency between the two parties, but due to being completely online, it can result in cheating each other.
This is why it is highly recommended to view the property in person before booking it. As the thing that seems to be good and satisfactory on the internet can be totally opposite of what you will get in reality.