Real estate agents are invaluable assets when it comes to buying or selling a home. They can identify comparable sales and then deliver the information to you. They also understand how the market works, and all of its variations at any given time throughout the year. They can also help you determine a selling price. Below are some of the most important reasons that you should both trust and enlist a real estate agent to help you buy or sell a home.
. They can list your home in the MLS (Multiple Listing Service), which is open only to licensed real estate brokers and agents. This means your home will receive maximum exposure, at a level that you couldn’t do on your own, even if you tried. The MLS is a very important platform.
. You might waste your money on newspaper ads and other marketing tactics. A good Realtor will know when, where and how to advertise your property. Your agent should aggressively advertise and market your property.
. You may be limited in your resources. Real estate agents have access to more information than you do. There is a reason that people hire realtors, and it is for their insider information access and their overall knowledge.
. Your pool of potential buyers will be limited. Due to a reduction in commission or perceived difficulty in dealings, buyer’s agents typically will avoid showing their clients “FSBO” or homes listed for sale by owner.
. People who do their own selling tend to overprice their homes. A real estate agent can provide a current market analysis and other information regarding competitive sales.
. You might not be aware of what makes a home marketable. A real estate agent can provide improvement tips and services that will make your home more competitive.
. Potential buyers spend less time in a for-sale-by-owner home than when they tour with an agent. They might refrain from asking the homeowner questions that they might ask an agent. And, they will be less likely to make an offer directly to the seller.
. Selling your own home could lead to a legal chaos. An experienced real estate agent knows how to work through the tangle of legal requirements and documents.
. The closing process is intimidating and difficult. A Realtor knows how to guide you through the process.
Real estate agents have an advantage over people selling their homes alone, because agents are involved in a network with other professionals in the business. They communicate easily with buyer’s agents, and can also can recommend various services to handle legal issues or necessary repairs and improvements. Real estate agents are skilled negotiators. They remain unemotional while maintaining confidentiality and professionalism in the transaction. See: Why You Shouldn’t Use a Realtor.