Whether you are a property owner or looking to purchase your dream house in Craigieburn, Wollert, or Mickleham, in Victoria, Australia, you need a reliable real estate agency to help you.
Remember, buying or selling a house is a tedious process. Especially if you are new to this field, you need someone to hold your hand through it. This is where a real estate agency comes into the picture as saviors.
But did you just think that a real estate agent would help you only buy and sell a property? If yes, it’s a misconception. Real estate agencies that operate in a particular area would have done a PhD on the ins and outs of the area. So they can offer multiple services, from property evaluation to property management to legal and financial services, etc.
Discover the 7 powerful services real estate agencies offer by reading this article.
List of Powerful Services Offered By a Real Estate Agency
Real estate agencies can take care of the nitty-gritty details of the real estating process and fulfill your goal of buying or selling a property. In this section, you will learn about the main services offered as part of real estate agency activities.
1. Property Valuation
If you approach a real estate agency in Craigburn to buy or sell a property in that area, they first do a property valuation. Because one must know if the investment they make is worth it.
Property valuation is not about counting the number of rooms and bathrooms and checking if it’s worth the investment. Instead, it is more about having a detective mindset.
Valuing real estate is challenging because factors such as location, floor plan, and other amenities affect the valuation.
So, here real estate agents will explore the property thoroughly to understand the property’s unique features. They take into account the area’s value, neighbourhood, safety, and access to amenities to determine the value of the property.
Before giving a number, they also check the current real estate market and compare the prices, and only then they determine the property’s accurate value.
2. Marketing and Advertising
Picture this: you want to sell your home in Wollert but struggle to find potential buyers. Hiring an experienced real estate agency in Wollert is the best decision in this scenario. Why?
A good real estate agency can provide creative marketing and advertising strategies to help you attract potential buyers and sell your home quickly.
Examples of what they bring to the table for advertising are
A real estate agency can arrange for professional photographers to capture stunning pictures of your property and create virtual tours to showcase it.
Social media marketing is one of the best ways to advertise. With so many people spending hours scrolling through different social media platforms, it’s no surprise that real estate agencies are using these platforms to advertise properties.
Most real estate agencies have a database of potential buyers. So they can use email marketing to promote your property.
Lastly, they can organize open houses or events to display their homes to potential buyers.
With a real estate agency’s expertise in marketing and advertising, you can rest assured that your property will get the attention of buyers.
3. Property Search
We can understand how exhausting finding your ideal property in your prefered area would be. Real estate agents find the property search a breeze. But how?
Have you heard of multiple listing services (MLS)? Well, you probably do not because only real estate agents can access multiple listing services. It is a service run by real estate brokers where brokers come together to create an exclusive database of the properties available for sale. The MLS allows real estate agents to see properties listed for sale in every location.
Another interesting part is that real estate agents have access to confidential properties. Let’s put it simply: If you want to sell a house, you advertise, hire a real estate agent, or put a “for sale” sign on your property. But what if you don’t want to sell it publicly?
This is called confidential real estate. So, only real estate agents will have the complete details of the properties that are put up for sale and sign the best deal for you.
So, no more hitting the wall in doing property searches. Rather, hire a real estate agency and let them do the property search for you.
Negotiation is not about arguing with the other party about price. Rather it’s an art that involves understanding the motivations and perspectives of the other party and communicating better. Like other skills, negotiation demands practice, and different styles and approaches can be used based on the situation.
Real estate agents are often trained and experienced in negotiation skills, which is an essential aspect of their job. They negotiate on behalf of their clients and ensure they sell or buy properties at the best prices without any issue.
Since real estate agents will research and learn everything about the property, they know if the other party is asking for a fair price.
If they don’t, the agents can handle unrealistic expectations and demanding buyers by negotiating appropriately and helping the party understand the accurate value.
5. Property Management
Property management services provided by a real estate agency mean handling the property on behalf of the owner. Did you know that most real estate agencies have more clients for property management than other services? But why?
Let’s assume you have a property in Mickleham and are moving abroad for work. Now there is no one to look after your property. In this case, you can hire a real estate agency in Mickleham to manage it.
Real estate agencies can handle residential, commercial, industrial, or vacant land.
Some responsibilities of real estate agents managing properties include
- Tenant management is where the agents find, screen, collect rent, and handle any tenant disputes.
- Financial reporting is where the agency provides financial reporting, including income and expense statements, rent reports, etc.
- Property maintenance is where regular inspections, repairs, and maintenance occur to ensure the property is in good shape.
- Agencies can also handle lease renewals and terminations so that all parties know the terms and the process is correct.
With property management services, property owners can have peace of mind that their investments are properly maintained.
6. Legal and Financial Services
Not everyone will have the budget to buy a property in a single payment. Some may need financial help.
Since real estate agencies have multiple contacts, they can quickly connect you with a mortgage broker who can help you find the right financing options.
On the other hand, it’s quite normal to have legal issues concerning real estates, such as zoning issues or contract disputes, while buying a property. Here, a real estate agency can sort them out for you. They can provide you with guidance and advice on how to handle it.
But the catch is that not all real estate agencies can offer legal and financial services or have legal and financial expertise, and some may charge additional fees.
However, you don’t have to worry whether you will get these services from real estate agencies in Craigburn or Wollert. Bombay Real Estate is a full-service real estate agency that can meet all your needs related to real estate agencies.
7. Investment Advice
If you own a property in Craigburn but can’t focus on creating a side income from it, you must seek help from a real estate advisor.
First, let’s clarify that a real estate advisor is different from a real estate agent or broker.
A real estate agency will have real estate advisors who can help evaluate real estate, set short- and long-term goals, and provide you with various options for the best use of any given property. Since their job is to evaluate the market, new trends and technological advances, zoning and other factors that affect the real estate market, they can help you manage or develop the property by curating robust strategies.
They will also work closely with accountants or financial advisors to find out the best financial goals and situations.
Some responsibilities of a real estate advisor include:
- Evaluating or completing an acquisition or sale.
- Suggest the best outcomes for owned real estate.
- Point out land, zoning, or other factors that could impede or enhance a property’s development
- Directions on property management best practise
- Capital allocation strategies.
We hope you got the gist of the main services offered as part of a real estate agency. Finding your ideal property to invest in or sell your existing property can be daunting when you do it alone. This is why you must invest in the best real estate agency. But real estate agencies are not only about helping people buy or sell properties. There is much more to these agencies. Since real estate agencies come with three crucial features: expertise in helping people buy or sell properties, ample resources to do the job, and a huge network combined together, they promise to achieve your real estate goals.
Are you in search of a trustworthy real estate agency that can cater to your real estate needs in places such as Craigieburn, Wollert, or Mickleham? Take a look at Bombay Real Estate, a full-service real estate agency that is the perfect destination for all your real estate requirements