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Wednesday, 24 September 2014

Realtors In Madison MS Can Help Their Clients To Avoid Costly Mistakes

By Elsa Noel


For most people the purchase of a house is the single biggest financial investment they will ever make. It is a serious commitment and mistakes can easily have serious financial ramifications. That is why it is best to get expert help when contemplating the purchase of a property. Realtors in Madison MS know all the pitfalls and they are experienced in helping their clients to not only find the perfect property but also to obtain the most favorable terms possible.

An estate agent can play an extremely valuable role when a property is bought or sold. Many agents are qualified in related fields such as property law, assaying and even finance. When buying or selling a property it is most certainly worth it to get the best agent possible, even if their fees or commissions are slightly higher. They can save their clients money and they can expedite the process.

It is generally better to rather appoint an independent agent that is able to spend adequate time on each client. Busy clients working for large agencies are not always able to pay proper attention to the needs and wants of their clients. It is not deemed a good idea to engage an agent that is simultaneously representing the seller because the danger of conflict of interest is simply too great.

Without a thorough briefing from the client no agent can find the most suitable property. The client must state his specific needs and he must inform the agent about matters and features that are not negotiable. The agent should also know exactly what the budget is. The time frame may also be important, especially if the client needs to relocate from a distant area.

Top agents will take the trouble to prepare a shortlist of suitable properties and to compile dossiers on each property. This dossier should contain detailed information about the structure, the layout of the house and details regarding the general area. Where possible, photographs or even video material should be included. This saves the client time because he can eliminate unsuitable properties from the list without having to view them personally.

Once the client is ready to make an offer the estate agent can still be of service by helping the client to conduct research on the general area where the property is situated. Local government regulations, the crime rate in the area and the location of amenities such as schools and sporting facilities, for example, may all have an influence on the final decision.

By leaving the final negotiations to the agent, buyers can often obtain a more favourable purchase contract. Agents are experienced in dealing with these contracts and they know all the potential pitfalls. The agent will often also be able to expedite the processing of the transaction because they routinely work with the conveyancing authorities and attorneys. In many cases the agent is even able to arrange for financing.

Owning a property remains one of the best investments a person can make. There are risks involved, of course, but an experienced and reputable estate agent can play an important role in limiting the risk factor. The property business can be complex and riddled with pitfalls. That is why nobody should consider purchasing or selling a property without expert assistance.




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