The actual figures of residential property transactions without any participation of a real estate agency is very low. Commercial properties with the help of a real estate agent happen very rarely. However, experts of various real estate businesses say that such agreements are often termed as non-protected. Learn more by visiting Davy Talley – Keller Williams.
There are two chief reasons for the non-protected transactions. One is the low quality of agents. Many agents are only interested in making money, even if they get their commission from the selling of the property. In other cases, agents don’t follow the law in the proper way, or else there is no legal support to back them up.
There are many ways by which real estate agents can be monitored by the authorities. These include through the Internet and by contacting the concerned government authority. However, most of the people get involved in such transactions without knowing the background and history of the agent involved.
There is nothing wrong in taking the advice of friends and relatives, who have also taken part in such non-protected transactions. But the chances of finding out the real value of a property by doing such a method is very slim.
If you are looking to buy a house or an apartment with the help of an agent, then it will always help if you find out more about the services of that agent. You will come across a lot of websites and social networking sites that have reviews of agents. By using these reviews, you will be able to identify the real agents and the real quality of their services. In addition to this, you will also be able to find out if the company or the individual is registered under any regulatory body.
There are some people who are apprehensive about dealing in property transactions directly with the help of a realtor. This is due to fear of being conned or cheated by the realtors.
In fact, if you talk about the experience that you can get from the services of a real estate agent, you would not have to worry at all. A good agent will be able to advise you on buying a property and sell it at a better price. On the other hand, it is possible for you to make a better deal when you deal with an agent through the Internet.
Agents can advise you about the real value of a property. They will tell you about the property’s current condition and future prospects. If you ask them about how to get it assessed, then they will always provide you with an accurate appraisal.
The services of a real estate agent are very useful for those people who do not have the time or resources to handle the real estate business themselves. Since they have contacts in the industry, they can work directly with the concerned parties. Hence, they are able to get hold of the required information and give you better rates.