Are you looking to sell your house? Do you think how many bucks you can get by selling it? It is not easy to answer these questions and find a good seller. Therefore, you need to contact a real estate agent. The term real estate means real or physical property; it is the property, land, buildings, and underground rights below the land. An estate agent is a person who can give you the expert view about how much is the worth of your house and which is the right place to set in the market.
If you want to sell your house, you need first to conduct thorough research on the local property worth and the market price of the property, and then you start looking for the interested buyer. This procedure requires a depth knowledge of the real estate, market as well as selling prices of other homes in that particular area. So to get an accurate picture of what type of home you are intended for sale and why you might pitch for less or more, you need to contact with an agent who knows every aspect about selling property.
You should go to a few estate agents to get an accurate evaluation of your property as some agents used a strategy of over-estimating the price of your property to secure a client. At the same time, the right agent will advise you to renovate the few areas of your house so that these changes may improve the appeal of your house, and you can achieve a higher price. When you converse with them, you will realize their expertise and knowledge. Hence, you need to get at least three evaluations of your property by different agents.
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Types of Real Estate:
Real estate is categorized into four types that we are going to elaborate on below.
· Residential Real Estate:
It includes both properties, either newly constructed houses or resale the old houses. The most common category is single-family homes. The other type of properties which are included in it is townhouses, co-ops, duplexes, triple-deckers, high-value homes, multi-generational as well as vacation homes.
· Commercial Real Estate:
It includes prominent institutes such as shopping centers, strip malls, medical and educational buildings, hotels, and office buildings. In this category, apartment buildings are also considered even these are residential apartments, but as these produce high income, people work on it.
· Industrial Real Estate:
In this type as the name indicates industrial buildings such as warehouses and manufacturing buildings that can be used for research, production, storage, and distribution of goods.
It includes vacant properties such as working farms, vacant lands, and ranches. These vacant lands are considered as underdeveloped and categorized into early development, subdivision, or site assembly. The classification is important because the construction, zoning, and sales are based on these categorizations.
Working of Real Estate Industry:
Real estate impacts significantly on the economy of a country and drives the country towards economic growth. It also involves production, along with buying and selling. Estate agents earn the big commission when they sell a property.
In this, you can consider both commercials as well as residential buildings. According to a survey in 2018, the real estate construction contributed $1.15 trillion to the national fund. It also includes single-family homes, townhouses, and condominiums. Real estate agents assist the business owners, investors, buyers, and sellers about all the property types. When you are interested in houses for sale in Dallas, TX, you need to follow the following steps to increase your house’s worth.
1. Set the value of your House:
When you contact the estate agent to help you to sell your home, then he provides you an expert view on how much your house is worth and places it at the right price to market. You should also research land registry figures and set a figure in your mind so that after consultation, it will give you an accurate picture of your property.
However, it would be best if you preferred the local estate agents over online estate agents as these firms rely more on the online data to carry out your house valuations. In contrast, the local agent already has a piece of useful knowledge about your locality and hopefully is able to provide you the accurate valuation of your house.
2. Market your House:
To market your house, you should professionally photograph your house with the help of the estate agent as he knows better from where to take the accurate shot of floor plan drawn up as well as the attractive description does also matters. You need to pay some extra dollars for photography. It would help if you made sure that these pictures are up to scratch and appeal the plenty of buyers.
Monetize the views on the marketing page; if the picture is not so cool to attract clients, then ask your agents to take the new ones, also glance over the property details as these need to be accurate to avoid problems. To start the marketing of your home, you require the legal requirement called Energy Performance Certificate (EPC), which is valid for ten years.
3. Conduct Viewing:
Your estate agent should conduct the viewing of your home and bring the client’s parties. He satisfy the potential clients by answering their queries and satisfying them; your agent also makes sure that your property is secured after a party visit to see your house. Although hiring the services of an estate agent is cost you more, but it will help you to market your property as well as satisfy the people who are engaging in buying your property.
4. Manage Negotiation:
Negotiation is an integral part of this procedure, and the estate agent is required to manage the negotiations between the seller and the buyer. The agent can be beneficial and aims to get the best price for your property. If you are interested in buying a property, then you can make an offer with the help of the agent who already knows well about the position of the owner and his mindset.
5. Check the Buyers Seriousness:
Your agent can ensure the security of your property and save your time by taking some reasonable steps to find out the buyer’s source and availability of funds under the property ombudsman code of practice. In this way, you can check the buyer’s seriousness for buying the property and pass this information to the seller so that he can consider the offer made by the buyer and decide whether to accept it or not.