Managing a real estate transactions is a complex business. Buying or selling a home is a major financial, not to mention an emotional undertaking. The web has made it possible to do a lot of the legwork yourself, but there’s no substitute for an experienced professional. Here are the reasons why you should not discard the notion of hiring an agent.
- Price Guidance
The fastest and most economical way to sell your house is to price it correctly. Price it too high, and your home may become a stale listing. Price it too low, and you lose money.
Contrary to what some people believe, agents do not select prices for sellers or buyers. However, an agent will help educate clients to make the right choices for themselves.
- Knowledge of the Neighborhood
Agents either possess intimate knowledge or they know where to find the industry buzz about your neighborhood. They can identify comparable sales and hand these facts to you, in addition to pointing you in the direction where you can find more data on schools, crime or demographics.
- Better Access
Real estate agents’ full-time job is to act as a liaison between buyers and sellers. This means that they will have easy access to all other properties listed by other agents. Both the buyer’s and seller’s agent work full time as real estate agents and they know what needs to be done to get a deal together. For example, if you are looking to buy a home, a real estate agent will track down homes that meet your criteria, get in touch with sellers’ agents and make appointments for you to view the homes. If you are buying on your own, you will have to play this telephone tag yourself. This may be especially difficult if you’re shopping for homes that are for sale by owner.
- Agents are Buffers
Agents take the spam out of your property showings and visits. If you’re a buyer of new homes, your agent will whip out her sword and keep the builder’s agents at bay, preventing them from biting or nipping at your heels. If you’re a seller, your agent will filter all those phone calls that lead to nowhere from lookie loos and try to induce serious buyers to immediately write an offer.
- Agents have bullish negotiation skills
Any time you buy or sell a home, you’re going to encounter negotiations. And, as today’s housing market heats up, those negotiations are more likely than ever to get a little heated. You can expect lots of competition, all-cash offers, and bidding wars.
And it’s not just about how much money you end up spending or netting. A Realtor will help draw up a purchase agreement that allows enough time for inspections, contingencies, and anything else that’s crucial to your particular needs.
- Handling Volumes of Paperwork
Today’s purchase/trade agreements run 10 pages or more. That does not include the federal- and state-mandated disclosures nor disclosures dictated by local custom. Most real estate files average thickness from one to three inches of paper. One tiny mistake or omission could land you in court or cost you thousands.
- Bottom Line
You would not replace the engine in your car without a trusted mechanic… Why would you make one of the most important financial decisions of your life without hiring a Real Estate Professional?
Thinking of buying or selling a home? Consider “The Harris Group”