Guam is an island with so much to offer. People are friendly, the weather is great and food is amazing. It’s no surprise that many people have chosen Guam as their home, and there is no shortage of available homes for every lifestyle.
The real estate industry on Guam has always been bustling with queries, buyers and sellers. Rental properties are likewise in abundance on the island.
Ellen’s Realty has always been on the forefront of innovations in the real estate industry on Guam. In fact, they were one of the first real estate companies to develop an online presence, making sure to be where they’re needed the most. More importantly, they have a pool of well-trained real estate professionals that are equipped and highly driven to find the right property for their clients’ every need.
Although one can try to venture and find the properties on their own, the fact remains that consulting with a real estate agent will make the process less daunting. It will save a lot of time, energy and even money in the long run.
Here are 5 reasons you need a real estate agent to find the right rental property on Guam:
1. More access and convenience. A real estate agent’s main responsibility is to act as liaison between lessors and lessees, and buyers and sellers. This also means that the agent will have easy access to all other properties listed by other agents. A good real estate professional knows what needs to be done to get a deal together. For instance, if you’re looking to rent a home, a real estate agent will track down homes that meet your expectations, get in touch with lessors’ agents and schedule appointments to view the homes. If you are looking to find a rental on your own, you will have to phone them one by one. This may end up being a difficult task, especially if you’re new to the area and are not familiar with the lessors with good inventory.
2. A Real Estate Agent has a deep understanding of the local market and people. A well-trained agent understands that while the sales process can be complicated and difficult at times, it’s their job to act as a support, an impartial expert and always trying to achieve a good outcome for all parties involved.
Being a real estate agent isn’t just about selling houses. A good real estate professional listens and takes note of what the client wants, but also asks follow-up questions for clarity. A good real estate agent is also able to pick up on and adapt to the client’s preferred communication method. This way he becomes attuned to what qualities in a rental property the clients are interested in and will know which locations and properties that best suit their preferences to show.
3. Real estate agents have an expert ability to negotiate on your behalf. They have a legal responsibility to their clients, so it is critical that they are able to help the client negotiate for the best possible price. Real estate agents are accustomed to dwelling on the details –contract clauses, comparative market analysis, reviewing clients’ wish lists and so on. They are able to foresee and identify issues that may not have crossed the customer’s mind. They are expected to be on top of the current market trends, laws and regulations, all of which every rental client should capitalize on when making an important property decision.
You can approach a real estate agent with any questions or problems about your rental preferences. It is his responsibility to help you find the solutions to the client’s every need.
4. Guaranteed privacy, confidentiality and fiduciary duty. By working with a licensed real estate agent, he or she will be bound by law to a fiduciary relationship. This means the agent must act in their clients’ best interest and not his or her own.
Moreover, most realtors rely on referrals and repeat business to build a good clientele base to survive in the business. So, doing what’s best for their clients should be just as important to them as any individual transaction.
If you find that your agent has not been entirely truthful to you, you will have more avenues of recourse, whether through your agent’s broker, the association of professional realtors, or even in court if you can prove that your agent has failed to uphold his fiduciary duties.
5. Real estate agents have an in-depth knowledge of the market. A good real estate agent is always abreast with all the latest information pertaining to the properties on the island. He understands the community in which the properties are located and can show it to potential clients. An expert real estate professional will know if there are great schools, good transport hubs and even crime rate in the area. Your agent should be able to tell if it’s a good area to live in.
Finding the right rental property can be a rather complex process. Although it can also be rather tempting to go at this without the help of an agent, just to save on a bit of money that will go to his commissions, but it might end up more costly having to correct mistakes that could have been avoided from the start. It might be a worthwhile decision to choose a good real estate agent who can help you with the ins and outs of the whole rental process. A good real estate professional will be able to guide you through the entire procedure and help make the overall experience more enjoyable.
It’s important for any real estate investor to work with the right real estate agent from the beginning. Make sure to choose one who is well connected, communicative and not afraid to use every resource at his disposal to close the deal.
Ellen’s Realty has always been eager to adapt to the latest trends and technologies available in the real estate market to make sure that their clients can seamlessly work with all their real estate agents. They guarantee that their agents are able to communicate with people from all walks of life, they possess a deep understanding of the area in which they operate, and have a strong sales history tucked under their belts.