What Realtors Can Do For YOU?

Can a Real Estate Agent really help me in buying and selling property ?
The answer is  YES !

When you're ready to think about buying and selling your property, you need to ask yourself the following question : Do you have the time, energy, sources of information, and contacts to do the job yourself ?  If you were one of the do-it-yourself people, would the results be as good or better than they would be if you had professional assistance ?  Would it have gone smoother ?  Would it have given you more personal time ?  Would you have purchased for less, or sold for more, if a Real Estate Agent was involved ?  Read the following information and learn how a Real Estate Agent can help you understand everything you need to know about a Real Estate transaction.

The Buying Process
The process of buying a home or investment generally starts with determining your buying power ; that is your financial reserves plus your borrowing capacity. If you give a Real Estate Agent some information about your avaliable savings, income and current debt, they can refer you to lenders best qualified to help you. Most lenders - banks and mortgage companies - offer limited choices.

Finding
Once you know how much you can and want to invest, the next step is to find the properties that most nearly fit your needs. This is the time to choose a Registered Real Estate Agent. When picking a Real Estate Agent look for one who is a member of The Board of Valuers, Appraisers and Estate Agents Malaysia. A Real Estate Agent has many resources to assist you in that search. Sometimes the property you are seeking is avaliable but not actively advertised in the market, and it will take some investigation by your agent to find all avaliable properties.

Selecting
Your job is to make the final selection of the right property for you. This is when excitement and emotion run high. Your Real Estate Agent can assist you in the selection process by providing objective infomation about each property. Real Estate Agent have access to a variety of infomational resources. Real Estate Agent can provide local community infomation on utilities, zoning, school, etc. There are two things you'll want to know. First, will the property provide the environment I want for a home or investment ?  Second, will the property have resale value when I am ready to sell ? In some areas, newspaper advertising generates phone calls to the real estate office but statistically has minimum effectiveness in selling a specific property. Overexposure of a property in any media may give a buyer the impression the property is distressed or the seller is desperate. Your Real Estate Agent will know when, where and how to advertise your property.
There is a misconception that advertising sells real estate. The NATIONAL ASSOCIATION OF REALTORS  studies shows that 82%of real estate sales are the result of agent contacts through previous clients, referrals, friends and family, and personal contacts.

Security
When the property is marketed with the agent help, you do not have to allow strangers into your home. Agents will generally pre-screen and accompany qualified prospects through your property.

Negotiating
The negotiation process deals with much the same issues for both buyers and sellers, as noted above under the buying process. Your agent can help you objectively evaluate every buyer's proposal without compromising your marketing position. This initial agreement is only the beginnning of a process of  appraisals, inspection and financing - a lot of possible pitfalls. Your agent can help you write a legally binding, win-win agreement that will be more likely to make it through the process.

Monitoring, Renegotiating and Closing
Between the initials sales agreement and closing ( or settlement ) , questions may arise. For examples, unexpected repairs are required to obtain financing or a cloud in the title is discovered. The required paperwork alone is overwhelmingfor most sellers. Your agent is the best person to objectively help you resolve these issues and move to transaction to closing ( or settlement )

How Do Real Estate Agents Get Paid ?
Real Estate Agent are generally paid through the sales commission paid by the seller when a transaction closes.
For estate agent the fee structure has been on 17th of March 2000

Lands and Building :-
3% on the first RM 500,000.00
2% on the residue

Chattels including Plant and Machinery :-
10 % of the process

The above scale applies to any sale or purchase by way of private treaty, tender or any other mode of disposal of acquisition.

8.5% on the first year's rent for lettings of less than three years. In lettings of three years or more, an additional fee is payable at 1.5% of the first year's rent for each additional year or part thereof.  5% of the first year's rent of the reviewed term. Claims can be made for :
a) cost of printing, plans, copies of ducuments, lithography, traveling ( only when distance between the agent's office and the property is more than 40 km ) and other expenses acctually incurred.
b) cost of media advertisements, signboards, brochures and other promotional materials.

Note : - The above additional claims cannot be incurred by the registered estate agent without prior concurrence of the client.
 

Agents have expenses and financial obligation just like you, so it will be your mutual benefits if you choose a Real Estate Agent and stick with that person. The agent will respect your loyalty and respond with a sincere commitment to you.
 
 

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