This article covers reasons why hiring realtor on home purchase is important. Getting hooked up with the right real estate agent is one of the most important factors in the home buying process. Most homebuyers need a real estate agent who not only is knowledgeable but is also familiar with the area and its pros and cons.
Homebuyers should be doing due diligence on your real estate agent. Your real estate agent should extensively research homes that you have an interest in which should include comparable sales, school districts, proximity to shopping centers, property values, crime rates, and other amenities nearby. More importantly, the realtor you choose should be available to you 7 days a week. In this article, we will discuss and cover the reasons why hiring realtor on home purchase Is important.
Commissions on a real estate agent are normally 6% of the sales price. Average home sales in the U.S. are $200,000 so 6% of $200,000 comes out to $12,000 in commissions the home seller needs to pay. Realtor commissions are paid for by home sellers and not buyers. Home sellers feel that paying a 6% commission is way too much. Many homeowners feel that whatever a realtor can do, they feel they can do it themselves. This can be true to some and many homeowners do a great job in marketing their own homes themselves. Trying to sell the home yourself might be a great idea during a seller’s market, where demand exceeds supply. However, there are many advantages and benefits in hiring a realtor to list home. In this article, we will cover and discuss the topic of the benefits of hiring a real estate agent.
Benefits of Hiring Realtor on Home Purchase
Hiring realtor on home purchase can be highly beneficial for several reasons. Realtors have market knowledge and have access to comprehensive market data and trends. They can provide insights into local housing market conditions, such as pricing trends, inventory levels, and neighborhood dynamics, helping you make informed decisions.
Benefits of Hiring Realtor on Home Purchase: Negotiation Skills
Realtors are skilled in negotiations and can help their clients with their best interests during price negotiations on the home, contract terms, and other aspects of the home-buying process. Their expertise can help you secure the best possible deal. Realtors have access to Multiple Listing Services (MLS). The MLS provides comprehensive listings of available homes for sale. They can save you time by identifying properties that meet your criteria and arranging viewings. Purchasing a home involves many legal documents and processes. Realtors are familiar with these complexities and can guide you through the paperwork, ensuring that all legal requirements are met and protecting your interests. Click here to find a realtor on home purchase
Benefits of Hiring a Realtor is Knowledge and Experience
One of the best benefits of hiring a realtor is that they are somewhat of busybodies. They snoop around and know what comes up in the hot sheet every day. They know what is on the market. Real estate agents know what homes are under contract. Real estate agents know what homes sold. Realtors are information hounds and stay on top of the market. They know what homes are listed off the market. For example, if a home that listed for $300,000 recently closed for $265,000 and this is a comparable home to the subject property, the realtor will find out how long it was on the market. Realtors know what types of recent improvement the home had the type of marketing the listing realtor used.
Benefits of Using Real Estate Agents
Real Estate Agents are quarterbacks who coordinate real estate transaction goes smoothly. This is done by keeping in touch with the mortgage broker/banker, seller’s agent, and attorneys until the day of closing. For example, my son Timothy Cho, who is in the military, just completed his military training and is on the reserves, and will be residing in Illinois. Timothy is a first-time homebuyer. I referred Timothy to one of my real estate agent partners without hesitation. I am currently working on trying to get Timothy qualified for a mortgage loan. Once he is pre-approved for a certain amount, I will give Tim and the realtor heads up to go shopping.
Expertise and Guidance Using Real Estate Agents
Buying a home can be complex, with many legal and financial considerations. Realtors have the expertise to guide you through each process step, from making an offer to closing the deal. Re can answer your questions, provide advice, and help you avoid common pitfalls. By working with a realtor, you can know that you have an experienced professional guiding you through home-buying. Real estate agents are dedicated to helping you find the right home and ensuring your interests are protected at every step.
Realtors have a wide network and work closely with other professionals involved in the home-buying process, such as lenders, inspectors, and attorneys.
They can recommend trusted professionals and coordinate their services to ensure a smooth transaction. RealtorBuying a home involves a lot of paperwork, including contracts, disclosures, and legal documents. Realtors can help you navigate this paperwork, ensuring everything is completed accurately and on time. When buying a home, hiring a realtor can provide valuable expertise and support to help you make the best decisions for your needs and preferences.
Professional Networks
Realtors have established networks of professionals in related industries, including lenders, home inspectors, contractors, and lawyers. They can recommend trusted professionals to assist you with various aspects of the home-buying process.
Realtors can provide valuable insights into future developments in the area, such as zoning changes, infrastructure projects, and school district updates, which may impact your decision to purchase a particular property.
Purchasing a home can be an emotional process. Realtors can offer support and guidance, reassurance, and perspective during stressful moments. Realtors are experienced in managing the home buying process efficiently. They can coordinate communication between all parties involved, including sellers, lenders, inspectors, and attorneys, to ensure a smooth transaction from start to finish.
Post-Purchase Assistance
Even after the purchase is complete, realtors can continue to provide assistance and support. Whether you have questions about homeownership or need recommendations for local services, your realtor can be a valuable resource. Hiring a realtor can save you time, money, and stress while ensuring that your home purchase is successful and satisfying.
Choosing Hiring Realtor on Home Purchase
The team at Gustan Cho Associates is extremely cautious when we refer to anyone. I never refer anyone with who I have not had a prior business relationship with. For every single home buyer, I introduce real estate agents with who I have worked before. I do have close friends of mine who are real estate agents. Some of these realtor friends I have known for many years. They are all professionals and qualified real estate agents.
A real estate agent should be personable, knowledgeable, and go beyond and above the call of duty. It is very important for home buyers and home sellers to get along with realtors.
Before you hire the first realtor you run into, interview several real estate agents. Find out whether or not you get along with them. See how long it takes for you to get a hold of them. See how timely they return your texts, emails, and calls. Make sure they are knowledgeable in the area you are interested in buying or selling. How long have they been in the business? Check out their online reviews. Talk to our known real estate agents for your home purchase
Home Sellers
A very close friend of mine from Round Lake Beach, Illinois has over 70 residential properties and wants to sell a few of them. His daughter is even a realtor. He has not been having too much luck with a realtor who is aggressive, returns his calls in a timely period, and works evenings and weekends. He asked me for a referral since I have a lot of business relationships with a lot of realtors. Without hesitation, I referred him to one of my realtor agent partners. My friend listed, 3 of his 70 properties initially and he just called me a few days ago to thank me. The 3 homes are not sold yet. But my friend was extremely impressed with the activity that the realtor, I referred to him has brought to the table in just 4 short weeks. If you are interested in buying or selling a home in Northern Illinois or the Chicagoland area, please contact us at Gustan Cho Associates at 1-800-900-8569 or text for a faster response. Or email us at gcho@gustancho.com.
Benefits of Hiring a Realtor When Selling Your Home
A professional realtor represents buyers and sellers for a living. Hiring realtors will have the listed property on the MLS
Realtors can advise homeowners on how to price home. They have the tools to do a full-blown marketing campaign. Remember that realtor does not get paid a dime until they close home. They will do everything possible to sell a home to a qualified buyer. The real estate agent will network with other realtors and will most likely organize and schedule open houses periodically. They will also spend money on newspaper ads, mass mailers, and other forms of marketing. The real estate agent will only show the property to qualified buyers armed with a strong pre-approval letter from a lender.
Homebuyers or homeowners who need to qualify for a mortgage with a national direct lender with no overlays on government and/or conventional loans can contact us at Gustan Cho Associates at 800-900-8569 or text us for faster response. Or email us at gcho@gustancho.com. We are available 7 days a week, evenings, weekends, and holidays.
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