5 Reasons to Hire a Real Estate Agent
With a lot of information available online in a snap, you may just ask, “Why do I have to hire a real estate agent? Good question actually.
The following are the top five answers:
You won’t have to know much about buying or selling real estate if you have a real estate professional who works for you. Hiring people who know more than you do, only proves you actually know more than they do. How to find the right person is the challenge. They will all cost you just about the same for the most part. We all want more precious time in our lives, and that is exactly what hiring pros gives us.
Also, agents either know insider information or where to find insider information about your target neighborhood. They can show you comparable sales and give you facts and statistics, aside from leading you to more data on location-specific concerns, such as schools, crime rates and the like.
Contrary to what many people think, agents do not set prices for buyers or sellers. However, they can guide their clients to make the smartest decisions for themselves. For instance, if a listing is at 7%, an agent will have a 7% vested interest in the sale, and the rest will have 93%. Selling agents will tell buyers to analyze all the data given to them before deciding on a price. The agent will then develop a negotiation strategy on account of market supply and demand, and the conditions.
Effective agents are effective negotiators, and a lot of this is because they can emotionally detach themselves from the property that is the object of the transaction. It’s just in their job description. Agents are not messengers delivering offers between buyers and sellers. They are professionals who are trained to represent their clients in the best way possible.
At the start of the 1970s, single-page deposit receipts were common. These days, purchase agreements can be as long as 10 or more pages, and that doesn’t even include federal, state or local disclosures. A typical real estate transaction file can be covered in one to three inches of paper. With just one tiny error, you could end up in court or paying thousands in penalty. Thank heavens lawyers are handling disclosures in certain states!
By now, there’s a good chance you finally understand the reasons you should hire a real estate agent. However, you have to know that not all agents are the same. You don’t stop at hiring someone. In fact, before you actually do, you need to spend time and effort researching the best prospects in your target area. Compare at least two or three of them, giving weight to reviews from their previous clients.
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