Many home buyers and sellers think that they can do real estate transactions on their own. Not until they find out that buying and selling a property is not that simple. There are so many things to prepare and many factors to consider. This is the reason why many of them forgo their plans of selling or buying a house or eventually decide to hire a real estate agent to help them out.
If you are asking yourself if you really need a real estate agent, the answer is it depends. If you have a strong background about the ins and outs of the real estate or you have a reliable friend in the industry who can assist you every now and then, then you really don’t have to.
If you have enough time to do the searching, home inspection, price negotiation, closing the sale, and preparing documents, maybe you don’t need to. Be reminded that these transactions are impossible to finish within a week or a month. You need to devote many hours meeting buyers/seller, driving in different neighborhoods, going to the bank, making phone calls every minute, and other important tasks. If you are working 8 to 5 or you are attending to your family, you may not have enough time to do all these. You might end up frustrated that you cannot find your dream house simply because you don’t have the time to look for it.
As a seller, the biggest advantage of hiring a real estate agent is addin g exposure to the right market and making sure that you get more value for your property. The agent can help you get more money from the sale. In a cold seller market, you will be competing against many other properties on the listings. At this time, an agent can be very helpful in marketing your property to the right buyers. He will develop marketing strategies to make your house be noticed against many other properties in the listing.
The service provided by a real estate agent can be very helpful for the buyers, especially for the first-time homeowners. This is the reason why as many as 80% of buyers hire a real estate agent to help them acquire a property.
A buyer’s agent can be very helpful in determining the right home value in a particular area after studying the comps in the same neighborhood. To avoid a lawsuit in the future, an agent can investigate all the legal requirements needed to make sure that the property titles are clean and not mortgaged. He can also determine if the house has pending tax dues to the government. The agent can also help you qualify for a loan from a reputable lending agency. In short, your agent will help you make the buying process as seamless as possible.