A real estate agency is a vital player in the real estate sector. These agencies help people to sell or buy homes. They use their vast experience to ensure that their clients get the best deals. In their daily operations, real estate agents carry out several activities.

Working in the real estate profession offers the opportunity to meet a wide range of people while carrying out a variety of different tasks and responsibilities. It can be very satisfying to assist people with important decisions such as buying, selling or renting a home or investment property.

It takes a special person to work in real estate: someone who is committed to providing exceptional customer service. Developing the skills necessary to be confident, capable and successful takes dedication and application.

Although there are many exciting things about working in real estate, you should not go in with your eyes closed: the hours can be long with late nights and weekend work, and employment can be subject to a fluctuating market and intense competition.

Source : https://reia.asn.au/training/a-career-in-real-estate/

Pricing properties

First, a real estate agency can help individuals to price their properties when they intend to sell. As a result, they can set prices that will easily attract buyers while retaining profitability to the maximum. For instance, people who set their prices at double the market value will not make a sale. On the contrary, setting lower prices will see them make losses. A real estate agency is aware of the market value of homes in specific regions and can thus help individuals to make informed and profitable decisions. They also get valuable data from their many subscriptions and vast marketplace knowledge they have accumulated over the years.

A real estate agent’s primary focus is winning the contract to sell your property. In comparison to getting your business, selling your home can be easy.

So, bearing this in mind, who should you believe when you ask agents to assess your property’s value? You can expect the agents to give a range of opinions about the market value of your property, particularly for unusual properties or those in rising markets, but how much of this is genuine disagreement and how much is part of the sales tactics?

Source : https://www.choice.com.au/money/property/selling/articles/guide-to-selling-your-property

Marketing properties

Individuals who want to get good deals for their homes should market their properties. Unfortunately, advertising is the most expensive marketing activity that people may have to deal with. This is where a reputable real estate agency comes in. These agencies provide an efficient avenue through which people can market their properties. The agencies can easily reach prospective buyers through open house exhibitions or via appointments. In addition, they can use their many contacts to identify good buyers who may offer good deals. Finally, they have access to restricted advertising sites that can provide a ready source of buyers.

Using a real estate agent can be expensive, and many sellers think selling a house themselves is a great way to save money. A seller may save a commission by selling a house themselves, but trying to sell a house without an agent may actually cost them more money than the commission they saved. People will claim they saved thousands by selling their home without an agent and they even sold it in one day! There is a reason they sold it in one day, they left a lot of money on the table! A great real estate agent could have more than made up for the commission they charged by pricing a house right and working for the seller’s best interest. While real estate agent’s commissions may seem high to some, it is important to know they are negotiable. Real estate agent’s are able to charge so much because they provide a great value to homeowners, and usually get them much more money than they could on their own.

Real estate agents are experts in marketing, educated in the sales process and know how to value a home. Many think agents make too much money for the time they spend on houses, but they are not paid just for the time they spend selling your house. They are paid for all the licensing courses, continuing education they must take plus their experience marketing and selling homes. They can charge a lot of money for these services because good agents make their clients much more money.

Source : https://investfourmore.com/2014/04/16/always-use-real-estate-agent-sell-house-2/

It all came as a shock to everyone when Britain announced that it was leaving the European Union. This was not just a statement because there are ripple effects being experienced all over.

Before the Brexit vote, most European real estate was holding its value, with the biggest exception being high-end London condominiums and mansions. Now, more widespread price declines are expected, with London office property leading the list.

In all, London could lose 100,000 jobs to Europe, according to an estimate from Jefferies International Ltd. Green Street Advisors, a real-estate tracker, estimates that weakening demand will push London office values down by 15% to 20% over about 18 months.

In China, some investors considering London properties see Brexit as a buying opportunity. Chinese conglomerate Fosun Group, which has multiple investments in Europe including property, said it would “proactively grab opportunities for value investments.”

Meanwhile, investors around the world are likely to watch and wait.

“Nobody is rushing to do anything,” said Craig Hughes, global real-estate leader at accountancy firm PricewaterhouseCoopers. Brexit “has brought huge risks, but also major opportunities.”

Sourced from: http://www.wsj.com/articles/brexit-vote-roils-real-estate-markets-1467146797

Foreign investors are moving in. they are taking advantage of the tumbling pound, a situation that makes the exchange rates affordable.

Overseas property buyers are snapping up London property after the shock decision for the UK to leave the EU, even as domestic buyers, spooked by uncertainty, pull out.

Estate agents in the UK have been swamped with calls from Chinese, Middle Eastern, Italian and Spanish buyers looking for a bargain after the pound tumbled to more than 30-year lows, making the exchange rate very favourable for foreign buyers.

Sourced from: http://www.independent.co.uk/news/business/news/london-property-house-prices-brexit-overseas-buyers-first-time-eu-referendum-housing-market-a7108026.html

The decision to exit the European Union does not only affect European countries but other countries around the world as well. The global markets are shaken and especially the global real estate markets. One good example of a country that is already feeling the pinch is Canada.

Interest rates will remain low

The immediate impact of the post-Brexit vote on Canada’s economy will be pressure to keep interest rates at historically low levels, explained BMO chief economist Douglas Porter and senior economist Robert Kavcic in a report last week. This is, in part, because other segments of our country’s economy would feel the impact of the Brexit fall-out, such as the nearly $16 billion in products we export to the U.K.

Expect fewer Brits on our shore

This uncertainty, and its impact on the British pound and the Euro, could prompt a portion of the 725,000 Brits who travelled to Canada last year to rethink their vacation plans, explains Walter Melanson, founder and lead analyst at PropertyGuys.com. “That doesn’t mean Canadians with vacation rentals should expect a loss in income, as the uncertainty in Europe has certainly helped the U.S. dollar and that could mean more visitations from our neighbours down south.”

Sourced from: http://www.moneysense.ca/spend/real-estate/income-properties/how-brexit-could-affect-canadas-real-estate-market/