Real estate agents in Chicago, New York, London, Shanghai and Mumbai are adept at making fortunes out of property deals. Well, they are a talented lot when it comes to making money. However, what is actually fueling their increasing importance in brokering real estate deals is the huge gap between supply and demand. There is an acute shortage of prime real estate in these cities. But the growth in disposable income of highly paid professionals in these cities has led to enormous interest in real estate.
Real estate agents provide a service for both the buyer and the seller at the same time. How does this work? Well, real estate agents assist the buyer by showing him properties that meet the criteria he wants and by helping him negotiate an acceptable price for the property when he is ready to buy. Meanwhile, real estate agents assist the seller by bringing in possible buyers to view his property and ensuring the … Read the rest