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.
Below are the top five answers:
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You need not know everything about purchasing and selling real estate if you work with a licensed real estate professional. It is said that hiring people smarter than you, proves that you are indeed smarter than her. The secret is to choose the right person. They will all cost you just about the same for the most part. We all want more precious time in our lives, and that is exactly what hiring pros gives us.
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Also, agents either know insider information or where to find insider information about your target neighborhood. They can give you important facts and statistics, especially those related to comparable sales and location-specific concerns, such as access to hospitals, school zones, crime rates and the like.
In contrast to what some people think, agents are not the ones who dictate prices for the sale or purchase of properties. 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. Then the agent will draw up a negotiation tactic, based on market supply and demand, as well as the conditions.
Effective agents are effective negotiators, and a lot of this is because they can emotionally detach themselves from the property that is the object of the transaction. It’s just a job. Agents are not messengers who deliver offers from buyers to sellers and vice versa. They are trained professionals whose specialty is presenting their client’s case in the best possible way.
One-page deposit receipts were the norm back in the 1970s. Nowadays, purchase agreements can run up to 10 pages or even more. In a normal real estate transaction, you could be looking at a file one to three inches in paper height. Just one small error could cost you thousands in penalty or land you in court. Thank heavens lawyers are handling disclosures in certain states!
By now, you’re probably convinced that a real estate agent can be indispensable to you as a buyer or seller. However, you have to know that not all agents are the same. It’s not enough that hire someone. In fact, before you actually do, you need to spend time and effort researching the best prospects in your target area. Compare at least two or three, giving importance to reviews from their past clients.