What is Real Estate?

When it comes to the basics of real estate, it's really all about buying and selling houses, land, and land. What you may not know is that real estate also includes farms, crops, livestock, and more. A real estate agent is given the task of helping to buy and sell real estate and to help their clients in the best possible way. It's also worth noting that real estate agents can work for either the seller or the buyer. They will work hard to ensure all parties are happy with the sale and
will usually work closely with agents on the other side of the deal.Not All Homes Are Fair
One of the things you should know about real estate is that not all homes sell. There are also offices and lots being sold by real estate agents. These types of properties tend to be much more lucrative for the real estate agent and as such some specialize in selling office space or land rather than houses. Selling and buying real estate involves many things, so real estate agents really have a lot to do.

Making Decisions
When it comes to buying or selling land or real estate there are a lot of decisions to make because you don't want to spend a lot of money or jump into the first option you see because you might find something better.A real estate agent sits down with their client and discusses exactly what they are looking for to help them make the best decision possible.

Continuing Real Estate Education
If you are already a real estate agent but want to improve your skills and further advance your real estate work, you may want to continue your real estate education with the courses and programs available.

Step 1: Know what you qualify for

According to Ward, the worst thing a renter can do is to look for homes before knowing what they can afford. The rule of thumb is that a renter needs to earn three-times the monthly rental amount. Not every rental will apply this rule as strictly, but it is safer to keep your search as close within this price bracket as possible if you want to avoid disappointment.

Step 2: Check your credit score

Tenants need to have a good credit record before they can apply for a rental – this can be anything from a cell-phone contract to a store account. It is vital that you keep your credit record clean by making sure you pay the instalments timeously each month. Consumers can obtain an annual free credit report from the credit bureaus within the country to check their credit record for any inaccuracies before applying for a rental.

Step 3: Get your documents in order

“When going to view a rental property, make sure you have a copy of your latest payslip, latest three-month bank statement, as well as a copy of your ID readily available. If you like the property, ask the agent for the rental application before you leave and make sure to send the completed form, along with the required documents already mentioned, back to the agent that same day,” says Ward.

Step 4: Pay the deposit

In order to secure the property, Ward advises consumers to pay the deposit as soon as the application has been approved. “Make sure you have enough saved for a deposit before you get your hopes set on a property. The deposit is normally around two-months’ rent upfront, and there can also sometimes be a nominal admin fee charged by the rental agents,” she adds.

“Renting your first property is an exciting experience that can also be very stressful and overwhelming if you are not prepared for what it entails. The best advice would be for tenants to seek out a reputable agent who can guide them through the process,” Ward concludes.

Get In Touch With Us