There is so much information that can be found over the internet many people do not think they need to hire a real estate agent. They think they can buy and sell a home without an agent and can find all of the information that they need online. Some people can do okay while many do not. There are ten reasons why you should seriously think about hiring a professional real estate agent.
1. Experience and Education
You do not know the ins and outs of buying and selling a home. A professional real estate agent does. It was Henry Ford that said you hire people smarter then you and they can prove that they are smarter. The trick to success is finding the right real estate agent. While their fees may be close, you may want to find someone with both education and experience. Buying a home is a big deal, and it may be worth working with someone that can offer professional advice.
2. Agents can Act as Buffers
Agents will take a headache out of showing properties. If you are looking to purchase a home, the agent can work with the seller’s agent so you do not have to. If you are selling you home, the agent can handle phone calls and leads that go nowhere. They will be able to get serious buyers to put in an offer.
3. Knowledge of the Neighborhood
Agents will be able to find out inside information about the neighborhood. They can find comparable sales in the area and can provide information about schools, crime, and other demographic information. For example, your agent may see a home on the market for $350,000, and the agent will know that even with upgrades it sold for $285,000. They can also find out information such as how many days it was on the market.
4. Help With Pricing
An agent does not select prices for the buyer or the seller. An agent can help with guidance. For example is a listing is at 7 percent an agent has 7 percent vested in the sale but the client has 93 percent interest. Selling agents work with buyers to give them ideas and help them think of a price. They will also provide information on market supply, demand, and a price based on the condition of the home.
5. Condition of the Market
Real estate agents can provide information on the condition of the market. These will determine how the process moves forward. They can provide information on cost per square foot, average selling prices in the area, and days on the market. This will help you decide how to move forward.
6. Networking with Professionals
Real estate agents have contact with other professionals in the home buying process. Due to legal issues agents may be hesitant to recommend others but may know venders that are fair and reliable. A realtor can provide a list of references that they have worked with and you can use this information to make your selection.
7. Negotiation Skills
Agents can use negotiation skills and remove any emotion from the transactions. They are not messengers but can deliver the message to the buyer or the seller. They are trained to represent their client and keep their information confidential.
Back in the 1970s deposits were only one page long. The purchasing agreements today can be over ten pages. This does not include federal and state mandated disclosures. Even the smallest mistake can cost you thousands of dollars. It is a good idea to have a lawyer handle all of the disclosure paperwork.
9. Questions After Closing
Even if the transaction goes smoothly, there can be some issues. For example, if a taxing authority comes back to collect tax assessments or other taxes they can build up. A real estate agent can straighten out any confusion. Some things may be overlooked during closing. An agent will be able to help with this. An honest agent will not leave a person alone to figure this out.
10. Future Business Relationships
An agents’ success is determined by the name they build for themselves and the referrals they get from their clients. They need new business to work and provide for their family. They need to make sure their clients are happy. They need to be there for their clients before, during, and after a sale. Many will even stay in touch with past client to make sure they are still happy.