7 Top Reasons Why You Still Need a Real Estate Agent
Now that there are many services that can assist both buyers and sellers in carrying out their own real estate transaction, you may have to consider whether it is necessary to use a real estate agent. Although it can save you from paying the commission of a real estate agent to perform the transaction yourself, doing it solo may not be the right choice and can be even more costly in the long run. Below, you’ll learn why the idea of using a real estate agent should not be discarded just yet. For more information, visit their website at The Pro Team – Keller Williams Realty – Gainesville Real Estate Agents
- Expertise in Pricing
The price of a home the moment they enter it can be determined by knowledgeable real estate agents. Agents with a great deal of market experience can even determine how well a neighbourhood holds the value of a certain home.
Today, home buyers and sellers can spend several minutes online surfing and learning about the sales of similar houses. The experience of a good real estate agent is to decide whether a certain home is overpriced or underpriced. An agent can easily determine the house that is right for your needs, rather than spending a lot of your time looking at houses that are not ideal for you.
In addition to being able to provide you with all the local home sales information you like a real estate agent can also bring assets to the deal resulting from years of watching a bunch of neighbourhood transactions.
- Knowledge of Neighbourhood
Some representatives have detailed information, while some just know where to spot the industry buzz about your neighbourhood. Real estate agents can assess comparable sales and provide you with these details. They can also assist you in finding more demographics, schools or crime data.
- In Negotiation Skilled
Many people feel that it is better to negotiate directly between sellers and buyers than to do a real estate transaction through an agent because they think it allows both parties to communicate their individual interests better. For reasonable buyers and sellers doing a certain transaction, this may be true. Unfortunately, not all individuals are reasonable, and the relationship between a buyer and a seller will not always be smooth.
Your messenger can be your agent and they can relay your concerns to the agent of the seller. Without making the seller feel he or she is getting less out of the deal, the agent may have the skills to negotiate for a discount.
Understand that just because they don’t like the buyer, a seller can reject a buyer’s offer. By doing the communication for you in difficult transactions, your agent can assist and make things smooth by preventing sellers from becoming too personal. In order to get the house you want, your agent can put you in a position that is good enough for you. If you are the seller, without scaring off potential buyers whose objective is to purchase the home for a lower price, your agent can represent your interest.
- Repairs Requesting
It is difficult for many buyers to identify hidden home repair problems as well as to request repairs. A good real estate agent can identify problems that you may not notice or can recommend a professional and reliable home inspector who can provide you with a detailed report on house problems.
Inspector reports are excessively long, so it is essential to only include issues that are noteworthy. Your agent will be able to request a report containing only the data required for the transaction. Your agent can basically analyse the situation and suggest the correct course of action for you.
- Information on Market Conditions
The market conditions can be disclosed by real estate agents, which will guide your decision to buy or sell. There are many considerations that will determine the steps that you need to take. The median and average selling price, average per square foot cost of comparable homes, list-to-sell price ratios and average days on the market are among the data that will have a major impact on what you will decide to do.
- Can handle contracts effectively,
If you ever choose to sell or buy a home, the purchase contract offer is there to serve as a safeguard and provide you with the ability to back out of the deal if certain conditions are not met. For example, if you decide to purchase a home with a mortgage yet fail to accommodate one of the conditions of the sale which resulted to disapproval of the mortgage, then you can lose your deposit and can even be sued by the seller for not being able to fulfil your end of the contract.
Experienced real estate agents often manage this same conditions and contracts. They know which conditions should be utilised, the safe time for them to be removed and how to utilise the contract to protect the buyer or seller.
- Answer Questions after Closing
There are transactions that ended smoothly and with zero complications that can come back with other related issues in the future. For example, you may encounter issues with tax authorities even when the transaction is over, yet with the help of your real estate agent, all these issues can be straighten out. There are also questions and issues that were not discussed or seen due to the excitement of the closing. As good agents do not leave you after the transaction is over, you can easily call them for assistance if ever problems arise after the closing.