Finding an Agent: Four Reasons You Need to Involve an Agent When Buying or Selling Property written by With so much information on the internet, it is tempting to ask, “Why should I hire a real estate agent when buying or selling property?” One of the greatest benefits of finding an agent when buying or selling a home is a good agent will help you sell or find your ideal home faster than you can on your own. Here are valid reasons why you should consider hiring a professional real estate agent when buying or selling a home: 1. It’s like having an unpaid employee! A real estate agent has a full time job, and it involves acting as liaison between property buyers and sellers. This means that they have multiple sources to find your home, including easy access to a database of properties listed by other property agents in your area. As such, they know what needs to be done to help you get the right deal when buying or selling your home. For instance, if you are looking to buy a home, your real estate agent will track down properties that meet your specifications, get in touch with the seller’s agent and schedule appointment for you to view the property. If you are trying to buy a home on your own then you will have to do these all by yourself which is both time consuming and costly, especially when dealing with homes that are for sale by owners. Agents do the work upfront and wait to seek compensation until the job is done. 2. Help with counterparty interaction Some people avoid dealing with real estate agents and instead opt for direct negotiation. This can work if both the buyer and the seller are able to get along. Unfortunately, this is rarely the case. But what if you like a property despite its shag carpet or lurid orange kitchen and want to negotiate repairs, and allowance or just a price adjustment? As an intermediary, your real estate agent is best placed to negotiate a deal without ruffling the seller’s feathers. A real estate agent can also play the “bad guy” role in the transaction, preventing any animosity between the seller and the buyer than can kill the deal. 3. A seasoned professional to take care of the paperwork. If you are buying or selling a home, the contract is a legally binding document used to protect all parties and ensure that you are able to finish the deal when satisfied that certain conditions have been met. For instance, if you plan on buying a home with financing but fail to stipulate the mortgage as one of the conditions of transaction, you could potentially risk losing your deposit on the home and may even face a lawsuit for failing to honor your end of the contract. A real estate agent deals with these contracts on a daily basis, and would ensure that the conditions that are relevant to the contract are included in the contract to protect your interest when buying or selling a home. 4. Save money This is specifically important if you are buying a home. A real estate agent can help you negotiate a deal and save money when buying a home. Better still, these professionals can help you determine a competitive value for the property that you are interested in buying, thus help you get value for your money. Essentially, as a full time participant in the housing market, real estate agents are able to accurately price properties and identify potential listings for buyers and buyers for sellers. Buying or selling a home is an important financial transaction. While there are people who have the skills to successfully buy or sell their homes, take a quick look at the long list of frequently asked questions when buying or selling property. This is an involved process and not a walk in the park as many might assume. The decision to buy or sell a property needs the backing of sound knowledge and expert guidance. Finding an agent to work with during this important process can really pay off in the long run.
Posted on: Wed, 05 Nov 2014 19:52:52 +0000
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