Specialized Real Estate Agents

Specialized Real Estate Agents

Specialized Real Estate Agents

With all the challenges and opportunities facing the real estate market today, it is more critical than ever to pick the right real estate agent for your needs. In the past, people would just pick real estate agents that would be a "jack of all trades". These agents would be buyer's agent, seller agent, and service many markets, all in one. But now with all the foreclosures and short sales hitting the market, and the desire for buyers to find the best deals in certain markets, it is more important than ever to pick a specialist. For example, if you are looking to buy a condo in Los Angeles, people should pick somebody that specializes in that field: a Los Angeles Condos agent, so that they get all the expertise needed in find the best condo deal in that area.

You have to do your due diligence to find an expert. If somebody is an agent in Los Angeles, and they tell you that they service "everything in LA", then they are probably spread out too thin. For example, if you are looking for Los Angeles Condo, and are also looking for certain lifestyle, and amenities, such as you want to live in a artistic area with amenities that's supportive of pets, the agent who services all of LA most likely will not have the same first hand knowledge for which condominiums fit that requirement as a Los Angeles Condos Agent, who specializes in these areas. They will know exactly what your looking for, and will save you time, and present you many more options.

Now if you are looking, not just for a specific property niche, but for a foreclosure, or short sale, something that you can buy for less value for the purposes of getting a tremendous real estate deal, then you may want to look for "experts" in the field of short sales, or foreclosures. There are many companies out there that have several agents that are experts in different areas of a property niche. For example, some firms may have an expert in Los Angeles condo short sales and foreclosures, while also employing different experts who understand how to sell a Los Angeles Condo property. Having different specialist can make working with a certain brokerage firm a lot more valuable to a client because they can pick different realtors to fulfill specific tasks.

Last, when we look at buyer's agents, versus seller's agent, the need to get a specialized agent becomes even more apparent. A seller who has a listing may not fulfill there fiduciary duty to get that seller the best price because they are also representing the buyer who is also looking for the best price, and they want to collect fees from both buyer and seller. For example, if I have a client that wants to sell there property for $200,000, and I am representing a buyer that is willing to buy at $180,000, I may tell the seller to sell at $180,000, instead of telling them to wait to get a better deal because I want to collect fees from both the buyer and seller.

Picking an agent that fulfills a specific niche is much more effective for a real estate client's than picking an agent that does everything. Finding specialized agents will serve them better for their real estate transactions.

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