The idea of selling or buying a home seems simple and straightforward; and it’s definitely tempting to have a go at it yourself without having to pay a real estate agent commission.
But in actuality, there’s so much more you save when you consider all the benefits of working with a real estate agent.
8 Benefits of Using a Realtor
1. Real Estate Agents Are Experts
There’s a lot about the industry and a real estate transaction most people don’t even think to research about— the real estate industry is complex, so it pays to have an expert by your side! You need someone who has taken their real estate exam serious and knows all the terms.
Let’s go over a couple more reasons how expert advice can help you:
They Are Licensed Professionals
Remember that real estate agents are licensed professionals— and it isn’t easy getting that license!
You can trust they know their stuff, all that’s left is to find the right real estate agent for you that specializes in what you’re looking for.
Get An Expert’s Appraisal
One of the first and most important steps when selling or buying a home is knowing how much they’re actually worth.
Some common mistakes you might make without an expert’s appraisal are:
- Undervaluing your home when setting a sell price
- Paying more for a home worth less than the seller’s asking price
- On the flipside, as a seller, you might set your home at an overpriced value because of sentimental attachments and wondering why no one is taking it off the market
With an agent’s unbiased appraisal and pricing expertise, you can manage expectations and set a realistic listing price.
They Know What Sells
More than anyone else, your agent is up to date with the real estate market.
And a TOP real estate agent will have more insight on what current home buyers want— key information if you’re looking to up your home’s value.
Before selling, updating and renovating parts of your home with the guidance of an expert’s market knowledge are invaluable so you can get the best price out of your house.
2. You GAIN Access to Their Networks
Access to a real estate professional network is incredibly valuable when selling property or in your home buying pursuits. They don’t run in the same circles you do and have a much wider reach.
Even if you’re especially particular— surely, some real estate professionals work in the niche market you’re looking into that can help in discovering hidden gems.
Access to Other Real Estate Agents’ Info
Perhaps more than any other business network, the inner professional network of real estate agents has constant interaction with agents always talking to each other about new prospects.
Their inner network makes it much easier to find potential buyers or properties— way faster than doing online research on your own.
They may also be affiliated with organizations like the National Association of Realtors that give them access to exclusive market and consumer data.
Their Outer Network
As a seller’s agent, realtors’ outer network will save you the stress of finding and hiring contractors you’ll inevitably need to deal with before putting up a listing or selling such as:
- Home Repair Professionals
- Staging Companies
- Title Companies, etc.
3. Access to Multiple Listing Service
The Multiple Listing Service is one of the most effective communication tools for prospective buyers and the selling marketplace, and you won’t always have access to this UNLESS you work with a realtor!
Aside from being the first place most realtors will check for properties, it can also alert agents with the latest open houses and the most recent listings.
4. Dealing With Paperwork and Negotiations
There are many requirements and paperwork involved in real estate transactions, each differing according to your local government, which your agents will know the ins and outs of!
And if needed, they’d definitely know good real estate lawyers to consult.
The purchase agreement and dealing with negotiations during the purchase process can be a nightmare— having a pro with you will give you authority and even an upper hand!
5. Getting You Pre-Qualified
Before purchasing a home, it always helps to get verified as a buyer first.
The process and concept can be confusing without a realtor to guide you, but it’s definitely worth it. Getting pre-qualified means:
- Sellers will consider you to be a serious and legitimate buyer.
- A smoother and faster transaction.
- There’s less of a chance of you losing out to other buyers!
6. More Money
Working with a realtor ensures you can earn more or save money even after paying commission by:
- Getting you the best price for your listing
- Connecting you with contractors and potential buyers through their network
- Finding the best options and navigating negotiations for the best deals
7. More Time
As either a seller’s or buyers agent, realtors can help you save time (and save you from stress!) by:
- Finding listings for you that fit your standards and budget
- Getting you pre-qualified
- Handling all the bureaucracies of the purchasing process and ensuring you adhere to all pertinent legal requirements
8. Having Someone On Your Team
Moreover, hiring a realtor means having someone fight for you with your best interest in mind. This plays a big role in making sure you get your end of the deal and your stress levels are under control!
Tips When Hiring a Real Estate Agent
- Ask family or even friends for real estate agent referrals— you’ll know through the experience of the people you trust this is the right agent for you!
- Look for a more experienced realtor! They have a better footing in the market and a wider network.
- Ask if they are part of the National Association of Realtors or any other professional real estate associations.
Conclusion: There’s Nothing to Lose!
Looking at the benefits of using a realtor, there’s really nothing for you to lose! The financial benefits of working with a real estate agent clearly make them a great investment. Don’t forget:
- Hiring a realtor will make your real estate transactions run smoothly
- Realtors can save you time and money
- They are on YOUR side
We hope this motivates you and helps you find the best agent for your next real estate transaction! Feel free to let us know in the comments if you found this article helpful or have any questions.