REAL ESTATE BROKERAGE
There are definite advantages to working with a Real Estate Professional
such as:
PEACE OF MIND
Real Estate transactions can be tricky and if you do not know what you are doing you could end up spending more than what you had originally budgeted. Having a Real Estate Professional at your side can help you meet important deadlines and avoid costly mistakes.
SAVINGS IN TIME AND MONEY
Let a Professional Broker use his experience to save you time and money by negotiating at your interest and you can devote your valuable time in your business.
REDUCED FRUSTRATION
Let's face it, real estate transactions are rarely a walk in the park. Handling over the paper work to a professionally trained Real Estate Agent can help you avoid a lot of headaches.
BUT HOW BEST TO SELECT THE RIGHT PERSON OR FIRM TO REPRESENT YOU AND YOUR GOALS:
If you have not used a Professional Estate Agent before, and do not know where to start, it is helpful to have some general guidelines.
MAKE SURE TO CHOOSE A REAL ESTATE PROFESSIONAL, WHO:
WORKS FULL-TIME
While there are many part-time real estate professionals out there, it is advisable to choose a full-time Broker or Agent. If you choose a person who handles real estate transactions only on week-ends, or a few days in a week, you run the risk of missing out on many opportunities.
EXPERIENCE
Make sure to pick an experienced Real Estate Professional. Inquire how many real estate transactions he or she typically handles each year. The more seasoned the professional, the smoother your real estate transaction will be.
IS TRUSTWORTHY
As with any other business relationship, your broker should be someone you feel comfortable with. He or she should be confident, easy to talk to, and trustworthy. This person will play a large role in the future of your business so make sure to engage someone who has a clear understanding of your goals.
LICENSED REAL ESTATE AGENTS
Real Estate Brokers are now required by law to avail of a licensure exam which was not the practice a couple of years ago. This only means that the profession is given high importance due to legal implications of dealing with brokers who are not licensed.
A lot of Buyers and Sellers have been victims of fraud and it would be difficult to trace the perpetrators if they are not registered with a regulatory government agency. The risk is higher if you wish to deal online or just through referrals compared with being able to do business with a professional, experienced and reliable professionals.
What does a Property Management Company do?
- Carry out Maintenance:
A property management company will perform regular maintenance on your property and ensure it stays in top shape. They will also be on hand to help in case your tenants experience any type of emergency and require immediate maintenance.
- Serve as a Local Advisor:
Every country has a unique rules and regulations when it comes to property rentals. It is possible to study these and try to stay on the right side of the law, or you could hire a property management company who already understands the local market and knows how to operate in it.
- Handle Bookkeeping:
A property management company will handle bookkeeping for you. This includes creating and filing invoices and in some cases paying local taxes.
- Find Tenants:
For investors, the most important thing a property management company does is find people to rent their properties. They usually have experience in this field, so you can trust them to market the unit properly and make sure it does not sit for too long.
- Collect Rent:
Once the property management company has found a tenant, they will also collect the rent and handle the deposit for you.
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