If you’re intending to buy or sell a house, you might be pondering the pros and cons of hiring a real estate agent. A real estate agent is a licensed professional who acts as a spokesperson between sellers and buyers in housing dealings. These agents are remunerated by a commission earned when a deal is sealed between the buyer and the seller.
Some people will evade working with agents or realtors because they think real estate agent fees are not reasonable. Others wouldn’t hire one since they’ve had unimpressive experiences in the past. However, this only accentuates the importance of having a good agent to work with. In addition, if the only reason you’re not hiring a real estate agent is to save money by not paying fees and commissions, then you’re overlooking the main advantages of working with a real estate agent.
- Agents Have Professional Networks:
Real estate agents are experts at networking. They know just about everyone involved in the procedure of buying and selling a house. Buyers also need to work with professionals together with inspectors, appraisers, real estate lawyers, and mortgage professionals. Instead of seeking these people individually and reaching out to them on your own, you can depend on your buyer’s agent’s network.
- Agents Provide Valuable Price Guidance:
As a homeowner, you might predict your house’s worth. But is the price that you’ve concluded at reasonable? Most of the time, emotions may cloud your perception which would lead to miscalculating your home’s value. Some might also stumble on the wrong side of the equation and considerably undervalue their homes. The only way for you to know for sure is by recognizing real estate comps that confirm that you’re in the right range. This will help you sell for the ideal price or buy at the right price. But the preferrable way is working with real estate agents.
- Agents Have Superior Negotiating Skills:
Buyers and sellers want one thing: to get the best real estate deal conceivable. To achieve this, you need to have practical negotiation skills. Negotiating directly with a buyer or seller is tough, which is one more reason why use a real estate agent. Realtors are expert negotiators as they have years of negotiation experience under their belts. They will use their scrutiny of real estate comps in the area to build a strong case so you can get top dollar.
- Agents Save Time and Energy:
Closing a real estate transaction is classically a long and lengthy process. Working with real estate agents, however, can make the progression easier for you. If looking to sell a property, the agent will manage open homes and showings so you don’t have to make all those arrangements yourself. The sellers’ agent will also screen all those irritating phone calls that lead to nowhere and, hence, help you in recognizing serious buyers. If you’re a buyer, your agent will correspondingly protect you from being inundated with calls and the marketing tactics of sellers.
When it comes to home sales, the buyer and seller find themselves on opposite sides of the fence. They have contrasting intentions. The buyer wants to buy the property at the lowest price probable while the seller wants a top dollar over the same. Meanwhile, both parties can advantage by using the services of an agent from a real estate company.