Why It’s Important to Work with a Professional Real Estate Agent
It’s never a bad idea to work with a real estate professional when you’re buying or selling a home. If you’re a buyer, it’s obvious because the realtor’s commission is generally paid by the seller. If you’re a homeowner and want to sell a house, there are a lot of reasons why you should work with a professional real estate agent, which are discussed below.
1. They Have a Responsibility to You
Whether you’re a buyer or a seller, your real estate agent has a fiduciary responsibility to you as their client. This means that any licensed real estate agent is bound by law to act in their clients’ best interests and not their own. Additionally, most realtors build their client base through referrals and repeat business, which means that building lasting relationships with their clients is as important to them as any sale.
2. They are Well Informed
With the power of the Internet you can find out a lot of information regarding the available homes in any given area. Even with this much information, a real estate agent will always have access to more. Posting your home online or putting an ad in the newspaper is easy enough, but a real estate agent will do much more. They can list your home in the multiple listing service, and they can contact other real estate agents who have buyers that are interested in a home in your area.
If you’re a buyer the real estate agent will help you find great deals even before these are posted online. If you want to sell a house, then the real estate agent will bring you a lot more potential buyers than you could ever get on your own through ordinary methods.
3. They Have Connections
A real estate agent is always networking with other agents and professionals in this field. They learn about new houses as soon as these hit the market and thus can get you the best deal. They can also help you find a good lender, home inspector or contractor, and are always happy to help you in this regard.
4. They Will Help You Price Your Home Correctly
If you ever asked yourself, “How do I price my home right to sell without giving it away?”, a real estate agent can help. Even if you know the sales price of comparable houses in your neighborhood, or you go online and use any number of calculators to get and estimate, but that isn’t enough information to price your home correctly. The problem with these sources is that their estimates are solely based on property tax assessments. These records can be out of date, and the assessed value of a house is often as much is 35% different than the value set by an appraiser.
A real estate agent has access to information on all the houses sold in your area. Based on this information the agent can find the ones that are comparable to yours and see how much these homes sold for. With this data, you can price your home so that it sells quickly and it sells for the most money possible.
5. They Are Up To Date
The real estate laws change constantly, and it’s a real estate agent’s job to be up to date with any new statutes and regulations. They will always keep their clients informed and help them avoid making potentially costly mistakes.
If you are looking for a professional real estate agent: