Selling property or buying a new home can be a real challenge for many people due to the unique demands of the market. Thankfully, the best real estate agents Iowa City, Iowa has to offer can help. These professionals know how to sell a property and can do it quickly and efficiently. And there are many interesting facts about this profession that may surprise you! So check out a few of the most exciting facets of our business at Kathy Fobian to learn more about what to expect from us.

Many Work Overtime for Their Clients

Although agents often have very flexible hours that they can set for their own needs, they also have a substantial demand from their clients that they cannot ignore. For example, they need to make sure that they put in enough hours to sell property every day. The work that they do may not seem hard on the surface but can be very time-consuming. As a result, a large number of agents end up working overtime and may even have to do some work while they are at home.

For example, while around 40 percent of all agents work 40 hours a week and 20 percent under 30, a significant portion ends up working overtime almost every week. This work schedule often varies depending on factors such as how busy they are during certain seasons and other elements like their schedule and the number of clients they possess. Working overtime is often necessary for many types of properties because of the unique demands that they put on dealers.

These demands include having to get inspections for all properties, such as environmental examinations for industrial properties. Agents must also make sure that all commercial properties have the right licenses to operate and the proper zoning demands. And for residential areas, real estate agents have to consider neighbors, elements such as school proximity, and much more. All of this work often makes agents work longer than you may expect every day.

Most Agents Have at Least Four Years of Experience

When it comes to finding an agent for your property, you always want to seek out somebody who has the most experience possible. That's because these individuals typically better understand the market and how to help you succeed. Thankfully, most agents have at least some knowledge that makes them beneficial for your needs. In fact, almost two-thirds of all agents have more than a few years of time selling and buying property like yours.

For example, a survey found that about 65 percent of all real estate agents have been working in their field for at least four years. This means that these professionals often have a large amount of training and actual hands-on experience that can make them very beneficial for many individuals. This experience should make it easier for them to handle the demands of their profession by giving them the insight that they need into various real estate factors.

These insights include understanding the elements that make it harder to buy or sell a piece of property. They also include knowing why a property may not sell and what people in the market are looking for when seeking out such items. With this insight, realtors can help people like you make the most money possible on their property or save cash when trying to buy a home, business, or industrial facility for whatever purpose.

Marketing is a Critical Aspect of Selling

Like all types of businesses, real estate companies need to make sure that people know about their services. This process includes marketing and advertising themselves across multiple platforms. What many people may not realize is that this advertising and marketing can affect the success of a real estate deal and even the price that they pay an agent when a deal is made.

A recent study found that 62 percent of real estate agents do some marketing every year. This marketing is not just a way to make these experts stand out from others in their field. Though this factor is essential – and often makes up a significant portion of their expenses – even more is paid to advertise and market your property.

For example, agents may spend thousands of dollars placing advertisements for their clients every year. All of this work is necessary for ensuring that a piece of property sells because it expands the range of possible buyers. Most agents include some marketing fees in their take on a property, so be prepared for that.

They Make No Money Until You Do

Lastly, you need to understand that real estate agents are not high-powered people with a lot of money on hand most of the time. A majority of agents are working people, like you, who understand the unique demands that life puts on you. As a result, they usually have a better understanding of how to market your property because they not only want to sell your property but only do make money if they get it off of the market as soon as possible.

While many people understand this idea, they may not realize just how much agents rely on sales. Typically, an agent makes anywhere from 10 to 20 percent of a deal, depending on their rates. So if you sell a home for $250,000, you can anticipate paying an agent $25,000 to $50,000 for their services. While that might seem like a lot of money at first, you have to consider the different cost elements that they have to take to sell the property at all.

As mentioned before, they have to market themselves and property to make sure that they make deals. Then, they have to do a lot of transportation, paperwork, and other types of work to make sure that the property sells appropriately. And they have to pay property taxes on their office, pay employees who do research for them, and other elements that cut severely into their profits. Some may only make $10,000 off of each sale based on this math, and may only make a handful of transactions every year.

Let Us Help You Succeed

As you can see, the best real estate agents in Iowa City, Iowa have many exciting things about their careers that make them worth researching. When you get help from the best experts that your money can find, you ensure that you sell your home or buy a property quickly and efficiently. So please don't hesitate to contact us at Kathy Fobian today to learn more. Our professionals have years of experience in the field and will do what is necessary to ensure that you succeed in your deals.