According to the National Association of Realtors (NAR), there are more than 8 out of 10 real estate transactions that happen with the assistance of a professional real estate agent or broker.
Whether you are buying a house or selling your very own property, you need someone who will make sure that everything is adequately and legally done to ensure that you are protected. Having a knowledgeable and dependable partner who will look out for you to guarantee that no problems will arise in the future during your transaction process. No, I’m not talking about your better half or your legal guardians. I’m talking about big-time real estate professionals whom you can definitely trust.
There are two sides to any real estate transaction, which is the buyer and the seller. The relationship you have with your agent is going to differ slightly depending on which side you’re on. Basically, a real estate person and other licensed individuals who are required to work for a designated broker are referred to as real estate agents. A real estate agent is going to be intimately familiar with the home buying you need and also with the selling process. They have enough experience when it comes to marketing a home, as well as what you need to negotiate with potential buyers successfully. If you’re still considering or having second thoughts on getting a real estate agent, we’ve come up with a list of reasons why it’s important to consider hiring a professional real estate agent to do the job for you.
Why Hire a Real Estate Professional?
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Education and Marketing Experience
When hiring a real estate agent, they already possess intimate knowledge and expertise of how the process works (depending on if you’re a seller or a buyer) and how to handle the situation with ease. It just solely depends on choosing the right person.
Like Henry Ford once said, “When you hire people who are smarter than you are, it proves you are smarter than they are.”
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In-depth Knowledge on Certain Properties
They will be your best source of information on how long a particular home has been on the market if the property has been listed more than once, how it compares to other neighboring properties and any other valuable information from previous inspections. Real estate agents have the necessary information for any particular building or development and could save you massive headaches from upcoming fees or special assessments.
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Financial Guidance
One of the most valuable benefits of working with an agent is their help with understanding how much you can afford for a new home. The agent will work with the buyer to negotiate the final price, as well as any other adjustments that are requested based on the inspection results, with your approval being the final say. If it’s your first time, real estate agents can be valuable in helping you understand all the additional costs of owning a home, such as maintenance, insurance and the like.
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Negotiations Skills
Real estate agents power lies in their ability to negotiate well because, unlike most buyers or sellers, they can detach themselves from the emotional aspects of any transaction. They are highly qualified professionals who are trained to give clients the best possible result and agree to keep hold of customers’ information from other competing interests.
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Stronger Relationships for Future Transactions
Real estate agents’ success and continued career growth in the industry has something to do with the way they handle clients. It’s a real estate agent’s goal to ensure that customers are completely happy and satisfied. Thus, building a stronger relationship between you and the real estate agent. And in the best-case scenario, you can hire the agent again for any future transactions.
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Extensive Networking
Real estate agents have the benefit of networking with other professionals who can provide other services that you will need to buy or to sell. Many agents will recommend a certain individual or company that has an excellent reputation for competency, efficiency and competitive pricing. Agents can also give you a list of references with whom they have worked with in the past to help you make a wise decision.
Conclusion
Ultimately, having real estate agents is the best move you can make. They will help guide you through the complex selling and buying process and will verify that any buyers you are working with are pre-screened, pre-qualified, and generally capable of completing the transaction, as well as negotiating with the final price of a property that you would want to buy. But at the end of the day, it’s still up to you to decide on whether you want to hire a real estate professional or take a risk and put matters into your own hands.