In tough economic times as this where people are looking to cut costs, it may seem extravagant to hire the service of a real estate agent. Right?
As much as we would want to keep the extra 3% of the sale price to ourselves, hiring a real estate agent to do your bidding is one of the best decisions you can do for yourself.
In this article, we are going to look at the various reasons why hiring a real estate agent is advisable when selling your property.
Let’s delve into specifics.
- It saves you time
Looking for potential property buyers is a hard task that takes a lot of time. And considering that time is money, you will waste a considerable amount of money looking for clients.
What’s more, to effectively sell a property, you need a well-thought-through marketing campaign, have performed in-depth research on current market trends in the real estate business, as well as have an actual price for the property. You will also need to make follow-ups on potential buyers and make a sale.
And what better person to do all that heavy lifting for you other than your real estate agent?
- They are pricing experts
One of the hardest tasks in selling your property is coming up with a price that is fit for the property. If you undertake this task yourself, you risk over-pricing the property, which could scare away potential buyers.
On the other hand, putting a lower price than the current market value will make buyers question the condition of the property.
However, real estate agents have a vast knowledge of how various properties are retailing in the market. With the help of an independent valuer, they can come up with a fair price that attracts offers once listed on Movoto.com. Additionally, they are obsessed with the market and can easily identify some issues that could positively or negatively impact the value of your home.
- They are in charge of vetting contractors
Another hassle that comes with selling a house is the need for property inspectors, appraisers, and home repair professionals. Hiring them requires researching, reaching out, and vetting them.
However, seasoned real estate agents have large networks that relate to their niche, and these professionals are some of them. As such, hiring a real estate agent reduces the stresses of vetting and monitoring these professionals, offering you the much-needed peace of mind.
Since this is a business altogether, some confusion may emerge from time to time. These may be misunderstandings with taxes, cost of repairs, and home inspections. It is as such moments of intense frustration that real estate agents come in handy. They quickly resolve problems and identify additional potential bumps that could occur and derail the whole process.
- They know what sells
Real estate agents are in the business of properties and are constantly researching on the top trending properties in their local areas. They know what works and what doesn’t. As such, they are able to equip you with invaluable knowledge of the year’s top trends and advise you on ways to increase the value of your home.
It would be quite unfortunate if you invested in building a fire pit just because it is a national trend, only to realize the same investment does not work in your local area. Agents will advise you accordingly to avoid making silly investments that cost time and money.
- They have superior negotiating skills
Unlike inexperienced individuals, real estate agents have superior negotiating skills. They realize it is their job to bring you the best possible offer for your property and will make use of their strong negotiating skills to make sure that happens.
Negotiating for the best price for your property can be a difficult task, especially if you are an inexperienced first-time buyer. However, with the vast experience agents have had in the course of their careers, they are bound to show off various techniques that ensure the offer is satisfactory.
Furthermore, the agents have no emotional stake that could cloud your thinking.
- They help with the paperwork
The process of selling your property requires massive amounts of paperwork: most of which can rarely be handled by a home seller unless, of course, they have vast experience in the real estate business.
Paperwork in real estate involves creating contracts, drafting requests, offers, and counteroffers until an agreement is reached. There are also federal and state-mandated disclosures that are vital. These processes can be exhausting, time-consuming, and in most cases, overwhelming.
However, hiring a real estate agent makes the process easier for you as they are mandated to handle all the paperwork. Due to their expertise in the matter, you are guaranteed that all the paperwork and documentation will be handled professionally and as per the rules and regulations of your state.
- Offer invaluable advice and support during the closing process
As if the stresses of looking for potential buyers are not enough, once a buyer is found, the process of closing the sale can be lengthy and time-consuming. Real estate agents come in handy to offer invaluable professional advice with respect to the same.
- They may come in handy in the future
Real estate agents are in business. It is a career that is here for the long haul, and so is the agent. Bearing in mind that real estate agents thrive on referrals, and it is what grows their business, they will do everything possible to ensure you are happy and contented with the services they offer.
They realize that you might need them to buy or sell another property. So, be sure that they will give you the best services and sell your property faster to increase the chances of you recommending them to your friends and family: basically, anyone that might require their services.
So, the next time you have a property to sell or are looking to buy a property, consider the above points and reduce the stresses and risks of real estate and get yourself a real estate agent.