Everyone is looking to save money. When buying or selling a home, some may wonder if hiring a real estate agent is really worth it. While not hiring an agent may save a few dollars, it could create a lot of headaches and could actually end up costing you money if things are not handled properly. Here are the top five reasons to hire a real estate agent for your next big real estate transaction.
- Contracts are Confusing!
Not only do agents handle negotiating the tiniest of details but they can help decipher complex contracts and agreements. MSN Real Estate describes why it can be problematic to handle contracts without a REALTOR®, “If you decide to buy or sell a home, the offer-to-purchase contract is there to protect you and ensure that you are able to back out of the deal if certain conditions aren’t met.” For example, if you plan to buy a home with a mortgage but you fail to make financing one of the conditions of the sale — and you aren’t approved for the mortgage — you can lose your deposit on the home and could even be sued by the seller for failing to fulfill your end of the contract. (Keep in mind that the details of any contract may vary based on state law.) At HomeSmart, our agents are well versed with our continuing education classes and receive continuous support and feedback from our broker to ensure they are best suited to represent their clients. Watch this video with our designated broker, Trudy Moore, as she explains the importance of documenting files to protect the interests of buyers, sellers and agents. An experienced real estate agent deals with the same contracts and conditions on a regular basis and is familiar with which conditions should be used, when they can be removed safely and how to use the contract to protect you, whether you’re buying or selling your home.” Find an agent now to help guide you through this life-changing decision to make it a great one! For more information about the benefits of using an agent visit our buyer resources page on our website.
- Education, Experience and Expertise
Real estate agents have learned the specifics of the real estate industry and often have years of experience informing the decisions they make for you. In addition, they are required to take a minimum of 24 hours of continuing education courses on current topics such as legislative issues, market trends, disclosure mandates and commissioner standards for conduct. Chances are they have already encountered any unexpected situation that may arise during the buying/selling process and can be your best resource.
- Provide a Market Analysis
If buying, they can help you determine if a home is priced fairly or not. This knowledge and expertise in pricing will prove invaluable. Getting a market analysis your respected agent compared to valuations received from should always be considered because if a home goes to market overpriced, it often sits there and does not attract potential buyers. This is certainly not what you want. You want to make as much money as possible while also selling your home as quickly as possible.
- Key Negotiators
Your agent will handle negotiations which can be emotional and difficult to understand. They are not emotionally invested but have their client’s best interest top-of-mind, and utilizing their expertise, can negotiate the best possible deal.
- Better Home Access
Realtors have better access to more homes. Like with any industry, realtors are frequently networking and making connections. Instead of you having to constantly track down every potential home and call the listing agent, a realtor will do this for you. They do the leg work and know how to find those hidden gems you would have never uncovered alone.