What are some good real estate agencies?
The property market may be a complex area, regardless of whether you are looking to purchase, sell, or simply observe what is available. There’s a good possibility you’ll interact with a real estate agent at some point. With the services offered, whether it’s in passing at a property inspection or spending many hours with real estate agencies in an office to sign the necessary paperwork.
Finding the appropriate real estate agent to assist you with the legwork is as difficult as locating the ideal residence. There are currently several types of real estate agents, including online-only independent agencies to buy a property or selling properties.
For many, determining whom to trust will be one of the greatest obstacles on the route to their next correct action. And while some of us may have preconceived notions about real estate agents, having one on your side during contract and pricing negotiations might save you not just hours of stress but also thousands of dollars over time.
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However, you will have to pay for their assistance, which might be rather expensive. Whether they have used an estate agency for buying, selling, renting, or leasing, we survey respondents about their experiences with some of Australia’s largest businesses in relation to crucial criteria such as issue resolutions, communications & advice, and contract management.
This year, the only real estate agency franchise to get five stars for total customer satisfaction was Century 21 and Raywhite.
The Best Real Estate Agents
Here are the top-rated real estate agent firms in Australia in 2022.
- Century 21
- RE/MAX
- Elders Property Management
- McGrath Estate Agents,
- First National
- Belle Property
- Stockdale & Leggo
- LJ Hooker
- Harcourts
- Professionals
- Barry Plant
- Ray White
- Raine & Horne
Proper Property Administration
Century 21 topped our real estate agent rankings, with five-star ratings for communication, expertise & advice, contract management, and overall satisfaction.
RE/MAX, Elders Real Estate, McGrath Estate Agents, Belle Property, and First National earned a total of four stars, while Stockdale & Leggo, LJ Hooker, Harcourts, Barry Plant, Ray White, Raine & Horne, and Professionals earned a total of three stars.
Ray White ranked first in expertise, guidance, and contract management, while Elders was the only brand to receive a five-star rating for value. Similarly, Belle Property was the only brand given five stars for issue resolution, while McGrath Estate Agents and Stockdale & Leggo tied for first place in marketing.
What do real estate agents do?
While real estate brokers primarily serve as intermediaries between prospective homebuyers and sellers, or landlords and renters, there is also a great deal that occurs behind the scenes with track record.
In addition to knowing the housing market, they can provide you with particular information about your local region, such as demographics, typical property prices, public transportation alternatives, schools, and even local council laws, which may be helpful if you are relocating to a new location. And if you don’t feel comfortable bargaining, certain real estate brokers might be aggressive on your behalf.
Real estate agents can also be divided into specialised fields, such as a buyer’s agent if you’re looking to purchase a property and need someone to evaluate, negotiate, and even attend buying auctions on your behalf, or a property manager if you’re looking to become a landlord and need assistance with tenant screening, repairs, and inspections.
While most real estate companies will have a variety of agents available to assist you with your property enquiry, it doesn’t hurt to investigate which sort of agent is most suited to your needs and what you can anticipate from them.
Costs associated with utilising a real estate agent
If you’re not careful, the fees and commissions of a real estate agent may soon pile up, regardless of how helpful they may be in locating a property or tenant. Here are some typical expenditures you might anticipate incurring:
A percentage of the ultimate selling price of your home, as agreed upon before to the closing of the transaction.
A tiered percentage commision is a set percentage that rises as a predetermined sales volume is attained. For instance, a commision charge of 3% on the first $400,000, followed by an increase of 5.5% on all transactions above $400,000 This motivates agents to sell at greater prices.
Some real estate brokers include marketing and advertising costs in their commision, while others charge a separate fee for their marketing charges, which you may be required to pay even if your home does not sell.
Property managers often charge a monthly management fee or an annual flat rate for processing tenant invoices and paperwork, conducting property inspections, and coordinating repairs.
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If you’re buying or selling a home, it’s wise to set aside some money for additional costs, such as repairs, legal fees, and stamp duty, so that you aren’t greeted with invoices the moment you walk through the front door. Talk to your local real estate agent about what to expect when you sign the dotted line if you are still uncertain about what you may be paying for.
Selecting a real estate agent
There is an abundance of alternatives available when it comes to locating the ideal real estate agent for your requirements, making it a task in and of itself to do so. When asked about the most crucial aspects to consider when selecting a real estate agent, poll respondents cited the following considerations.
- 25% Reputation
- Located at 22%
- Personal recommendation: 17%
- Price, including sales and fees: 17%
- 12 % of all properties
Finding an agent may also depend on your unique circumstances or requirements, as individuals seeking to purchase their first house will have different requirements than those want to rent out their property. For instance, when landlords were asked what they appreciated most in their real estate brokers, the following responses emerged:
Obtaining quality tenants:
26% are confident that they will handle concerns such as damage or non-payment.
Collecting rent and handling tenant requests: 26%
Managing maintenance and repairs: 18%
As a result, it is advisable to investigate your alternatives in order to select the most suitable real estate agent, as some brokers may specialise in selling homes while others are more suited to managing renters. This year’s categories may provide you with a clearer picture of what you’re seeking, so facilitating your search for the perfect match.
Problem Resolution
Regardless of whether you are a landlord, a tenant, a buyer, or a seller, you can be certain that difficulties will arise. For renters, this may involve house or yard care, while for landlords, it may involve maintenance difficulties created by tenants, updated daily!
Regardless of the situation, it is the estate agent’s responsibility to serve as a mediator and resolve the issues to everyone’s satisfaction. This is often easier said than done, so a real estate agent who keeps all parties satisfied has earned his or her pay.
Contract Management
The manner in which a corporation manages contracts and other critical issues may reveal much about its character. Is your real estate agent a stickler for correctness and precision, or are they eager to sign the contract and move on to the next task?
Taking care of the contracts involved with your sale or tenancy is undoubtedly the most essential duty of a real estate agent errors just cannot occur in this context. Before proceeding, this requires discussing the finer information to all parties involved and ensuring that everyone is completely satisfied.
Marketing
It’s difficult to get your property off the market in capital cities if no one knows it’s for sale, therefore the effectiveness of your agent’s marketing initiatives may directly affect the amount of eye and foot traffic your home receives.
In addition, marketing does not have to be limited to only selling; you’ll want your agent to be visible in the neighbourhood to attract tenants or other parties through the door so that your properties receive greater exposure.
Both McGrath Estate Agents and Stockdale & Leggo were awarded five stars for marketing, while Elders, Belle Property, and First National received four stars. Century 21, RE/MAX, LJ Hooker, Harcourts, Barry Plant, Ray White, and Raine & Horne all received three ratings, whilst Professionals and Proper received just two.
Which property agent should I hire?
Understanding the property market may be difficult, especially for those who are entering it for the first time. And because most possibilities come with a large price tag, it’s not necessarily for the faint of heart; thus, working with a real estate agent may help alleviate some of the stress associated with the market.
When it comes to locating a guide for the real estate market, there are several alternatives to consider. Choosing the one that best fits your needs might be a struggle.
Regardless of whether you’re trying to purchase, sell, lease, or rent, you’ll be able to move forwards in the proper path if you investigate all of your alternatives, read the small print, and comprehend the fees and charges you’ll likely encounter while working with agents.
