What are real estate consultants and what are their duties?

Although the paradigm of the real estate sector has changed and the consumer is now well-informed and has more access to information about the terms and procedures of a property transaction, the process is still complex and requires the knowledge of an expert. This is where the real estate consultant or property advisor comes in, an essential professional who will guide and advise you along the way and much more!

A real estate consultant, also known as an estate agent, is an expert in the property market who facilitates all stages of a property transaction. From the search for the ideal property to the signing of the contract, from negotiating the price to managing all the necessary documents, this professional is an indispensable ally in ensuring that the process runs efficiently and without setbacks.

In the following article, we will explain in detail what a property manager is and what their main tasks are. Let's get started!

What is a property advisor?

A property advisor is a professional who acts as an intermediary between buyers and sellers, as well as owners and tenants, to ensure that all the legal and administrative requirements associated with property transactions are understood and met within the agreed deadlines. 

In other words, it provides mediation, advice and management services between the parties involved in transactions relating to the purchase, sale, rental and management of property. Its main objective is to seek the best opportunities for its clients and to accompany them throughout the process.

Functions of a real estate agent

As we have seen, an estate agent is a very important figure in any transaction involving a buyer and a seller, a tenant and a landlord, banking institutions, public funds, companies and others. Not only does he act as an intermediary between the various parties, but he also guides you through the entire process of buying, selling or renting. 

On a day-to-day basis, a property advisor carries out many tasks to facilitate the relationship between clients. They prepare the property for viewings. They also register properties and update them on the agency's website, check the property's documents, resolve queries and incidents, receive and manage enquiries from potential buyers, arrange visits with clients and negotiate the price, among many other things. Let's look at the details: What does a property manager do on a daily basis?

Administrative tasks 

One of the tasks of a property consultant is to deal with the paperwork involved in selling or letting a property. This takes up most of their time. These tasks include drafting purchase and sale contracts, liaising with banks, notaries and legal representatives, and understanding the rights and obligations of owners. 

They also need to be aware of local laws and regulations that affect the property market and assist clients in obtaining the necessary documents such as the Quality Report, the Registry Certificate of the Home, the Energy Certificates, the Certificate of Habitability and others.

Commercial tasks

This is the most dynamic and visible part of a real estate agent's work, where they interact directly with clients. It is the first step in any property transaction.

Based on the client's needs, the best way to promote the property is determined. This is a long and enjoyable process, from taking photographs of the property, preparing advertisements for property portals with the characteristics of the property, visiting the property, informing the client of any doubts, and using home staging techniques to improve the presentation of the property.

Negotiation skills

Negotiation is one of the main skills of a professional Real Estate Consultant. Once the client shows interest in the property, the game begins. This stage determines the success of the transaction. The advisor must use their knowledge and skills to negotiate prices and conditions that meet the needs of all parties involved. 

This process involves many phone calls, visits and a deep understanding of the client's needs to reach a favourable agreement. They also accompany clients to sign contracts to ensure that everything is done correctly.

Rely on a property advisor when buying or selling a property with Prime Invest

Do you need professional advice when buying or selling a new construction home ? Before formalising the purchase of a new home, it is advisable to seek the advice of a specialised team from the outset. At Prime Invest we have a large team of experts ready to offer you specialised advice and guide you through every stage of the buying and selling process. Contact us and start the journey to your new home.