4 Reasons to Hire a Real Estate Professional

    4 Reasons to Hire a Real Estate Professional

    Mar 26, 2018

    Buying a home is one of the most important decisions a person can make (not to mention, one of the most expensive, too!). And if you're selling a home, it's reasonable to want to focus on maximizing profits when listing it for sale. Having proper representation is not only the easy choice, but the smart one as well. Statistics show that a home listed on the market as "For Sale By Owner" actually takes longer to sell AND usually sells for less than a home represented by a real estate agent. So, if you're reluctant to hire a professional due to the commission rates, doing it yourself may end up being costlier than the commission rates a realtor requires. Here are four other reasons why you should hire a real estate professional in buying or selling your home:

    Experience / Knowledge

    Agents are well-educated and experienced with the entire sales process. Any questions you may have, rest assured they can answer them. Assuming your agent has done his or her research, they should be aware of the current market state in the area of your specification, and should make you aware of any existing conditions that could affect your home buying or selling. It is also a must that realtors keep up with the current regulations, laws, and practices that are put in place. Avoid the stress and leave the legalities to your realtors to take care of for you.

    Tip: Ask for a list of credentials if you want to make sure your agent has the experience you are looking for in a professional.

    Fiduciary Responsibility

    If you decide to work with a licensed real estate professional under an agency agreement (the full-service commission agreement where the agent agrees to represent you), the agent is then obligated by law to act in your best interest. This agent is also operating under the Realtor Code of Ethics, which constitutes that they act ethically throughout the entire transaction. Keep in mind that realtors have a reputation to uphold, so they most likely will handle the transaction in a professional manner.

    Exposure

    The awesome thing about agents is that they have access to all other properties listed by other agents. So, when it comes to looking for another home, your agent can quickly and easily find you a multitude of options based on your criteria.

    In selling, the goal for the entire party is to get your home maximum exposure to the greatest amount of people in the shortest amount of time. Your realtor will handle all the marketing, from marketing your home online via social media and/or email marketing, hosting open houses, to networking with other agents who may have potential buyers. One less thing you have to worry about!

    Handles the Entire Transaction

    Here's the best part about hiring an agent - they handle just about everything! From managing your appointments and making phone calls to negotiations and contracts, they've got it covered.

    • For buyers, they can find you a home based on your criteria and are able to get in touch with seller's agents immediately to make appointments for you to view potential new homes.

    • For sellers, they handle marketing for your home, solicit calls from interested parties in a timely fashion, and answer questions about your home that you may not know yourself.

    • Contracts can be tricky to figure out, especially when they are pages long. Your realtor can walk you through the process, breaking down each contract and making sure you understand exactly what you're signing.

    • Another difficult step in a real estate transaction is figuring the pricing, whether it be as a listing price or selling price. Your agent can help you understand current real estate values when setting your listing price or an offer to purchase.

    • Negotiating is never an easy task. After consulting with you, let your agent do the work! A realtor can bring objectivity to an otherwise subjective situation.

    Overall, realtors have experience and knowledge to carry clients through an entire sales process efficiently, professionally, and responsibly. They can assist when there are financial issues, handle any complaints on either side of a deal, and facilitate the contracts to a successful close.