In this day and age we can do our own taxes, visit a website to diagnose our symptoms and even represent ourselves in court. People also think they can buy or sell a home without a real estate agent. Many of these things we can do, but is it really something we should do.
Real estate agents have connections
Ask yourself how many people you know that are not only actively looking for a house, but are also qualified to buy one. If you ask an agent, it will take a while to go over the list of names they have. Do you have mortgage brokers, home inspectors, stagers and attorneys you can call on? Real estate agents have all of them on speed dial.
When a property goes on the market, agents use their entire network to find a suitable buyer and are there to assist from start to finish. When trying to buy a home in this market, agents offer a competitive advantage and have properties on their books, which aren’t publicly listed yet, and know of potential properties going on the market in the following days. An agent has what it takes to sell your home faster, or find you a home that has what you want and need.
Real estate agents have a code of ethics
If…or should we say when things go awry during a real estate transaction, are you confident that all parties wouldn’t do anything a professional realtor wouldn’t do. It is unlikely your average home seller or buyer will care that much if a transaction goes smoothly.
When you are making one of the biggest purchases of your life, you should have a trusted professional on your side. Realtors have training in ethics, which dictates their commitment, education and dedication to their profession. There also are more repercussions for licensed professionals than for a private buyer or seller. Realtors can have formal complaints issued against them that can be both costly and can damage their reputation. Since referrals are one of the largest source of business for a realtor, providing excellent services is how they keep their business growing.
Real estate agents know how to negotiate
As a buyer or seller, you will have to be comfortable knowing when to bluff or call out a bluff. When an inspection report comes back, can you negotiate what will be fixed or demand that the other party share in the cost? Can you handle a bidding war with several interested parties?
Many people are not up for confrontations or negotiations, but real estate agents know it is part of the business. Realtors have the negotiation skills to get the job done. An agent can help by speaking for you in tough transactions and keep them from getting too personal. They know how to deal with competition and avoid cutthroat tactics. A Realtor will help draw up a purchase agreement that allows enough time for inspections, contingencies, and anything else that’s crucial to your particular needs. This can put you in a better position to get the house you want or get your house sold.
Real estate agents know buying or selling a home can get complicated
Ask yourself if you would be confident reinvesting all your retirement money yourself or plan a trip around the world without advice from a travel agent. It is all about expertise. Buying or selling a home is one of life’s most expensive transactions so it pays to have an expert working for you.
Real estate jargon is like a second language. There are several reports, technical documents, disclosures and contracts you need to fill out at a certain time when buying or selling a house. Experienced agents deal with contracts and conditions daily. They know the process and how to protect you whether you are buying or selling a home.
Real estate is their priority
It is hard enough keeping up with our own schedules. Between work and family and trying to fit in some hobbies, will you be able to fit in buying or selling a home. You might have to clear your schedule to respond to multiple inquiries coming in. Can you make time to show your home or schedule showings for today, and tomorrow, and this weekend? Oh, and are they all pre-approved. The longer it takes you to respond, the longer the home will stay on the market.
A real estate agent’s full-time job is to act as a liaison between buyers and sellers. They get properties on the market, field interested parties and schedule appointments. They make sure to meet deadlines and keep your transaction on track. If you are buying, a realtor can make sure to show you homes that meet your criteria. They work hard, fast day and night to sell your home or get you into a new one.
Agent commissions are worth it
We pay cable, heat and cell phone bills. We pay for haircuts, dinners and doctor visits. We pay for services provided and they all come at a cost. Paying a realtor commission is no different.
Realtors provide guidance, help with the staging phase, marketing, and explain all the paperwork. They get contracts done at all hours of the day. They are on call to show you homes and represent you during an inspection. They strategize, negotiate and translate from start to finish. The commission cost, although not cheap, can be worth it to you to have a professional on your side.
Make sure you get what you pay for and hire a realtor that will work for you. Agents at COListings have a team of coordinators, staging experts, home cleaners and professional photographers that work to provide top-notch services for their clients. Contact COListings to see how they can help you through the buying or selling process.