Reasons to Hire a Real Estate Agent for Buying/Selling a House

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Post By By Buniyad

02/28/2015

The prime factors which prove the need as to why one should opt for a decision to hire a real estate agent when you plan to buy/sell a house :-

  • Education and Experience – You simply don’t need to have a profound knowledge about each and every bit related to buying and selling real estate if you hire a smart professional real estate agent who does it all for you. The trick here is to find the right person, and when you ably do this task, it proves that you are smarter than they are. More or less, all the agents approximately cost the same, then why not to hire one who has got the right skills and experience.

  • Neighborhood Knowledge – Agents either possess knowledge or they know where to find the industry buzz about your neighborhood. They can identify comparable sales and equip you with these facts. Additionally, you can find more data on schools, crime or demographics from the agent itself.

  • Price Guidance – Contrary to the perception of the people, the agents do not ever select the prices for sellers or buyers. However an agent will help the client to opt for a right decision for themselves. For an instance, if a listing is at 7%, an agent has a 7% vested interest in the sale but the client has a 93% interest. Selling agents will ask buyers to weigh all the data supplied to them and to select a price. Then based on market supply, demand and the conditions, the agent will frame a negotiation strategy.

  • Market Conditions Information – The real estate agents will disclose the market conditions which will govern your selling or buying process. Numerous factors exist which will help you determine how you will proceed. Data such as the average per square foot cost of similar homes, median and average sales prices, average days on market and ratios of list-to-sold prices, among other criteria, will have a huge bearing on what you eventually decide to do.

  • Professional Networking – Real estate agents network with other professionals many of whom provide services that you will need to buy or sell. Many agents will hesitate to recommend a certain individual or company over another due to legal liability but they do know which vendors have a reputation for efficiency, competency and competitive pricing. However the agents can refer you some names with whom they have worked and provide background information to help you make a wise selection.

  • Negotiation skills and Confidentiality – Top producing agents negotiate well unlike most buyers and sellers. Good agents aren’t messengers who would be delivering buyer’s offers to sellers and vice versa, they are rather professionals who are trained to present their client’s case as the best and hold client’s information confidential from competing interests.

  • Handling Volumes of Paperwork – Today’s purchase agreement runs 10 or beyond pages. Most of the real estate files average thickness of 1-3 inches of paper. In this context, a tiny mistake or omission could land you in court or cost you thousands.

  • Answer Questions after Closing – Even the smoothest transactions that close without complexities can come back to haunt. For an instance, taxing authorities that collect property tax assessments, doc stamps or transfer tax can fall months behind and mix up invoices, however in such case a single call to your agent can sort out the confusion. Many questions can pop up that were failed to notice at that time in the excitement of closing. Good agents thus stand ready to assist their clients and additionally worthy and honest agents don’t be just leaving you to fend for yourself.

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