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Dealing With Orlando Real Estate Agents

Aug 17, 2007
The City Beautiful, Orlando, has witnessed phenomenal growth in recent years, due to a number of reasons like great weather, fascinating tourist attractions, increasing number of hi-tech jobs, and easy-access to the ocean, high appreciation for home values. Orlando is rapidly expanding with countless residential and commercial development projects being constructed every year. Being identified as apt for the family, Orlando has become one of the most sought after retirement and relocation destinations. With the increasing demand and low supply of houses, the prices of home projects are expected to appreciate at an incredible rate.

The real estate market of Orlando has become essentially a buyers market. It offers investors a wide range of housing options that include vacation homes and condominiums. Real estate is identified as one of the most profitable markets, where time is a vital factor. It is commonly observed that good properties are sold in just a few hours, making it crucial for homebuyers to have information about them as quick as possible. In Orlando, there are countless real estate agents that assist homebuyers and sellers to strike profitable deals. Agents have all the necessary information about the real estate market and enjoy monopoly in the industry. It can be sometimes difficult to deal with the real estate agents and it is important for buyers to have some basic knowledge of the real estate industry.

Generally, agents choose to work with homebuyers with ready cash and a good credit record. Their main interest is to avail of a commission, without wasting too much of time. In order to arouse the interest of the agent in a particular deal, homebuyers should make reasonably good commission offers. You should always extend your offer in writing and make the payment only after the offer is accepted.

Most agents expect their clients to offer a Short or Fast Closing Date. Agents are generally apprehensive of dealing with clients who are not in a hurry to close the deal. It is advisable to meet the agent personally and discuss the specific requirements pertaining to the property deal. It is not a secret that agents are interested in the deals only for the sake of the commission earned. If you offer him an additional incentive after the deal is closed, apart from his fees, he will go out of his way to get you the best possible deal. In order to extract the best from the agent, it is necessary to allow him to earn a few extra dollars too.

However, sometimes you may run into an overenthusiastic agent. Be wary of sweet talkers who speak volumes in favor of a particular property. After all, if it were so good, he would have sold it long back. You can obtain a Comparative Market Analysis report to determine its true value.

In the case of unethical agents, they do not present your offer to prospective customers or unnecessarily delay the whole process. In such a case, it is advisable to directly deal with the other interested party. Regardless of the nature and the profit involved in any deal, a good agent always keeps the best interests of his client in mind.
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