Why You Need a Real Estate Agent
There are many options when it comes to buying or selling a home, and while there are some people who plan to go the solo route, there are many good reasons why you should consider using a real estate agent.
Don’t Underestimate the Power of Knowledge & Experience
Real estate is an area where knowledge matters a lot. Do you know the local markets? Can you break them down by number of bedrooms, school districts, and how one local neighborhood is doing value-wise compared to another? There’s a lot to consider when trying to gauge what a good offer is versus one you can wait on. Has there been a trend going up or down over the past several months? An experienced real estate agent can see these trends and help you get a good price for the moment instead of possibly waiting too long as values drop.
A Valuable Filter
A good real estate agent will be able to separate serious buyers from people just looking with no intent to buy, as well as handle issues with phone call volume, inspections, and being able to show your house while you are possibly busy with another task that can’t be moved. In other words they work as a valuable filter and can also keep selling even when you don’t have the ability to be there for a walk through, minimizing the impact on your already busy everyday life.
Most people don’t have a lot of experience bargaining and negotiating. They certainly don’t have experience dealing with closing costs, repair fees, real estate contracts, and figuring out those numbers while negotiating such a large price. A good real estate agent will have experience closing negotiations and because of past negotiations they will be able to see when they can push harder or when they’ve hit the best offer that’s going to be made.
Obviously with a large value item like a house you want to end up with as high a bid or sale price as possible. An experienced real estate agent makes that much more likely to happen.
They Have an Entire Network
If you’re selling your own home you’re limited to a sign, a classified ad (does anyone even read those anymore), and whatever you can drum up to try and get attention. On the other hand with an experienced real estate agent you are looking at someone who has a huge network of connections not only in their own field, but with a variety of other professional fields, as well. That perfect commercial property they closed recently might let them know that business X is bringing new people into town, and maybe that business owner will send some interested home buyers you way.
That entire network is only at your disposal if you have that real estate agent on your side and working for you.
Do You Really Want to Handle All That Legal Paperwork?
Another advantage of having a certified real estate agent is that they can handle all the paperwork that would otherwise be your responsibility. Closing papers, inspections, any potential zoning issues, transfer of ownership – there’s a lot that goes into moving a house or property from one person to another and most non-lawyers frankly just don’t want to deal with it. That’s a legitimate position to have, especially since the legal ramifications of not filing these documents properly can have a lasting and powerful effect on the deal itself and how much the process will cost you out of pocket.
Having a real estate agent means you don’t have to worry about it beyond signing the papers and making sure to initial where they tell you to. That is some serious peace of mind right there and can certainly make the entire process much smoother.
When it comes to selling a home or property, this article shows just a few of the many benefits that come from going with a professional as opposed to trying to burn through it solo. This doesn’t mean you can’t do it yourself, but decide if the extra stress and responsibility is worth it before charging forward. Many people decide it is well worth their time to go the professional route.