Real Estate Agencies

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What is and how do real estate agencies work?

The world of real estate can make a lot of people nervous. However, it's not as overwhelming as it sounds. Basically, a real estate agency serves to mediate the sale of a home between the buyer and the seller. Even if you could do it on your own, having their help can be very advantageous. Today we tell you how these companies work and how they can help you with your property. If you want to become a professional in the area, consult our master's degree in estate administration .

Real estate agency, how does it work and why hire one?

The estate agents are intended to help its customers to have the best solution to what they want. Thus, the main action of these businesses is the intermediation in the purchase, sale and lease of a property. Among them are houses, apartments, premises, flats, land, garages and buildings.

Said mediating action of sale or purchase, or of a rental contract, requires administrative functions. With them it will be possible to get the best benefits for all involved. In addition, there are the executives of this activity who carry out all the procedures, yes, with a percentage to be charged for said transaction.

Now, you can contract the exclusivity service with an agency or you can be in several real estate agencies without exclusivity. We will explain the difference below.

Real estate without exclusivity

With this option you can hire several agencies, so it would seem that you would have a better chance of selling your apartment. However, keep in mind that other realtors will also try to sell it. Thus, time and effort will have been invested without results.

Basically, a real estate agency without exclusivity will have less incentive to sell your apartment. So it will try to sell other properties that they have in their portfolio.

Exclusivity with the agency

This is the traditional way when selling an apartment with a real estate agent. In this option there are sales commissions, generally higher, and the signing of the exclusivity contract. That is, the agency commits to you to sell the apartment faster. This is so because in addition to the contract, their advertising is more effective and they have more resources to show the house. At the same time, they have an agent who streamlines the entire process and bureaucratic procedures.

Advantages of managing your property with an agency

The main advantage of hiring an agency is that it will do all the sales management. This means that they will hang the ads, show the apartment, negotiate with the interested parties, among other things. In addition, a real estate agent knows how to mark the price according to the area, the type of property and what the competition is asking for.

In truth, with an agency you will have more tools to evaluate the extra elements that make the property more valuable. Likewise, they have professionals who will save you time and a wide portfolio ready to buy your flat or house.

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