Sunday, October 25, 2015

Artifacts (Real-Estate)

            I have an interview on Tuesday morning with real estate agent Keith Berry. In order to have a little insight on what it is I am getting into when I go into the interview I have done some research on what the job of a real-estate agent entails. I know there are tons of unseen artifacts that agents contribute to for their job. Nevertheless some of the more common ones in the real estate business include house contracts (when selling or buying a home), real estate leases, transfer of property at the death of the party performing the contract, and real estate ads.
            A house contract is something that the agent and the seller or buyer will create in order to do a transaction with the opposing side. Some of the information in the packet go without any say but other things like the price, property lines, interest rate, and so on are what the agent writes up. A mortgage is something that needs to be discussed in great detail as well as it needs to be agreed upon by both parties. If the one buying a home can only afford to pay 6% interest then don’t let the offer say 7% because that is how you can get yourself in a real pickle. All of this has to be presented using a certain tone that appeals to the readers. Also know as the clients to the real-estate agents.
            Real-estate leases spell out the terms of a residential tenancy between a landlord and a tenant. They are perfect for landlords, property managers, and real-estate invertors. These are for all residential property types, including homes, apartments, condos, basement suites and many more. Leases are created uniquely for the customer, by an agent and lawyer, depending on the situation. All fifty states in America use this in order to buy or sell a home.
            Transferring a property after the death of the owner. This can be an extensive amount of paperwork depending on the situation. If a house is left to somebody then it becomes very easy to transfer the home. In this case there is a name that the property can be transferred to. There are legal contracts that need to be written up by the agent and then the home goes into he name of the new owner. They can do with it what they wish after this happens. If there are two owners to a property and one of the owners passes away the property automatically goes into the name of the other owner. The laws are set for each individual state so the agent must know the laws for the state in which they are selling the property. This is extremely important so that the agent and the buyer or seller don’t get themselves in any legal trouble by doing things they are use to doing in different states.
            How do we think that we are aware of the homes that are out there for sale? Well there has to be somebody that makes the ad and properly advocates for the property in a way that will appeal to the viewers. This takes time, organization, planning, and knowledge of the property. Putting up ads takes a photographer to take the pictures of homes, people to clean the home, knowledge of the neighborhood and the it surroundings, a selling point for the home, and so on. This is not easy work and the agent might work with multiple people on this in order to make it happen.

            What I am getting at is with any change in the real estate market there is paperwork. One may think that real estate agents just sell and buy homes but there is a lot of writing and reading that goes along with it. Doing the proper reading and writing will reassure the agent that they are making the best decision possible for their clients.

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