Distressed Properties and real estate agents

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Role of a real estate agent

• A real estate agent is the one who will help you
  buy a property or sell your property. When
  talking about property this usually means a home
  but could be a commercial building, empty land,
  or another type of structure. Being a real
  estate agent, they are required to know many
  different things associated with the real estate
  they are selling or purchasing. Some of these
  things include
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• Market value of the properties
• How to advertise what they have for sale
• How to negotiate a sale
• Being able to evaluate negative and positive
  aspects of the properties you are considering
  purchasing or selling

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Real estate agent for the buyers
When working for the person who wants to buy a
home the real estate agent must find out what
type of house the buyer is looking for. They
also need to know what price range the buyer has
in mind along with the location of where they
want to live. The agent will then use a
networking system to look at houses for sale that
fit what the buyer wants. Once the agent finds
several homes, they will set up times for the
buyer to look at each one. The agent takes the
buyer on a tour of the homes for sale that are on
the list and tells them about the negative and
positive aspects of the home, features, and
answer any questions.
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Real estate agent for the seller
If the seller wants to sell their house or
property the real estate agent will look the
property over and help the seller set a
reasonable price based on the recent sales of
homes that are similar to the one being sold.
The agent will also advise the seller on how to
prepare the home for prospective buyers to see.
An agent may also have an open house to show the
home. Once an offer is made on the house for
sale the agent will advise the seller if they
should accept the offer and then process the sale
when an offer is accepted.
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Distressed Properties
When referring to distressed properties these is
a real estate property that is being sold due to
foreclosure or repossession. A distressed
property could be offered of houses for sale by a
homeowner because they have recently defaulted on
the mortgage and they want to sell before they
get farther behind on their mortgage payments.
You can also purchase distressed properties that
are scheduled for public auction by the local
court or lenders in the last states of the
foreclosure process. When looking at homes for
sale you will see that distressed real estate can
sell from thirty percent to as much as sixty
percent off what the home is worth based on the
current market value.
In addition, homes and property being listed as
distressed property could also happen because
there was a death in the family and the one who
inherited it does not want the property. The
house could have been vacant for a long while for
various reasons such as property not claimed by
family members or no family members to leave the
home too after the person died or divorce.
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