How I Became An Expert on Homes

5 Reasons to Hire a Real Estate Agent

With a lot of information available online in a snap, you may just ask, “Why do I have to hire a real estate agent? It’s actually a good question.

The following are the top five answers:

General Expertise
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You won’t have to know much about buying or selling real estate if you have a real estate professional who works for you. Hiring people who know more than you do, only proves you actually know more than they do. The idea is to pick the right person. In most cases, they all cost just about the same. We all wish we had more precious time in our lives, and when you hire a pro, that’s exactly what you get.
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Local Information

As well, agents either have insider information or know where to get insider information about your target area. They can provide data on you comparable sales and more related facts and statistics, on top of more location-specific details, like crime rates, schools, etc.

Pricing

Contrary to what many people think, agents do not set prices for buyers or sellers. But they can help their clients decide more wisely. For instance, if a listing is at 7%, an agent will have a 7% vested interest in the sale, and the rest will have 93%. Selling agents will tell buyers to analyze all the data given to them before deciding on a price. The agent will then develop a negotiation strategy on account of market supply and demand, and the conditions.

Negotiation Skills

Good agents are good negotiators, and much of this is attributed to the fact that they can detach themselves emotionally from the transaction. It’s simply their job. Agents are not messengers who merely deliver offers between buyers and sellers. They are trained professionals whose specialty is presenting their client’s case in the best possible way.

Paperwork

Single-page deposit receipts were very common back in the 1970s. These days, purchase agreements can be as long as 10 or more pages, and that doesn’t even include federal, state or local disclosures. A regular real estate transaction can require a file up to one to three inches of paper height. With just one tiny error, you could end up in court or paying thousands in penalty. Thank goodness disclosures are handled by lawyers in some states!

By now, there’s a good chance you finally understand the reasons you should hire a real estate agent. But you have to know that agents are not all created equal. You don’t stop at hiring someone. In fact, before you do, it’s important to spend time and effort finding the best prospects in your target location. Compare at least two or three of them, giving weight to reviews from their previous clients.