Difference Between Buyer’s and Seller’s Agent

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Difference Between Buyers and Sellers Agent
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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 buyers agent or sellers
agent. It is crucial to understand the difference
between a buyers agent and a sellers 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.
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Buyers vs Sellers Agent
The major difference between a buyers agent and
a sellers 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 sellers 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.
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What is a Buyers Agent?
A buyers agent is also called buyers advocate.
He is a licensed professional who solely
represents the buyer in an unbiased manner. The
home buyers hire a buyers 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 buyers agent will give you
unbiased recommendations for every property they
present. Also, the best part is that there are no
hidden agendas. A buyers agent is free to
search anytime in the market, both on- and
off-market properties, private sales, and also
advertised properties.
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What is a Sellers Agent?
A sellers agent is the opposite of a buyers
agent. They work for those who are looking
forward to selling their homes. The sellers
agents are paid by the owner of the house instead
of working and being paid by the purchaser. The
sellers 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 sellers 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 sellers
agents 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.
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Role of a Buyers Agent in Hampton Park
Developing Brief This is the first step in the
process of buying a home. The buyers agent
draws a brief of everything their buyer wants.
They create an outline of prospective properties
to look for. The outline would include the
buyers 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.
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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
buyers 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.
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Shortlisting Potential Properties The research
done by the buyers 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.
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Evaluating and Analyzing Once the buyer finds the
ideal property, the buyers 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
buyers 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.
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Role of Sellers Agent in Hampton Park
Just like a buyers agent, a sellers agent also
has roles to play to help the seller in selling
a home. Property Presentation The sellers agent
can easily help you in presenting the property
in a manner that stands out and attract buyers.
The sellers agent takes care of everything from
staging to decluttering or even pointing out
minor work which is done to increase the price.
The sellers agent is armed with a wealth of
information and by using that the agent can get
the most out of the sale.
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Marketing A great and experienced sellers agent
will know unique ways of marketing the
property. Driving Engagement Much like
marketing, a sellers agents role is to drive
interests and engagement from sellers. Pricing Th
is is the point where the role of a top sellers
agent is identified. The sellers 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 sellers 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 sellers agents also
facilitate communication throughout the sale
process.
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Why Hire a Real Estate Agent for Buying and
Selling a Home?
A real estate agent can either specialize in
being a buyers agent or can even specialize in
being a sellers 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 buyers agent to one and sellers 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.
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GET IN TOUCH
3 Withers Ct, Pakenham VIC 3810, Australia 61
423 277 447 manny.singh_at_freedomproperty.com.au C
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