Benefits of Hiring Realtor when Buying or Selling a Home
This article covers the benefits of hiring realtor when buying or selling a home.
The importance and benefits for homebuyers and sellers of hiring a real estate agent:
- The importance of pricing homes
- Role of a real estate agent when listing a home
- Negotiation in a real estate transaction
- Buying a home without a real estate agent
Homebuyers and sellers today have access to an array of real estate search tools from computers, iPads, and even mobile phones.
The Importance of Pricing Homes
One of the keys to getting top dollar and selling a home quickly is pricing. Pricing homes is one of the most important tasks in selling prices. A professional veteran experienced realtor can help with pricing. Listing it at higher than market prices can kill the sale unless the homebuyer is buying it cash. What good is it having a buyer but the home does not appraise. During a booming housing market, pricing a home is key. If you price a home way above the market, the deal will fall through if it does not appraise.
Quick access to market data has truly benefited the initial property search. But to ensure a smooth home purchase or sale you’ll need the help of a real estate professional.
You need to choose a realtor with who you feel comfortable. A realtor should be a full-time realtor and be available 7 days a week.
Hiring Realtor when Listing Home
The goal is to get the greatest amount of money in the shortest amount of time and with the least amount of inconvenience. However, according to the National Association of REALTORS® (NAR), a typical For-Sale-By-Owner (FSBO) home sold for $40,000 less than an agent-sold home.
It all comes down to expertise.
In addition to staging a home, pricing it well, negotiating with the buyers, and scheduling showings, real estate agents are experts in marketing property.
Staging and professional photography are key to attracting potential buyers. REALTORS will also manage contract creation and ensure the entire process moves smoothly.
A survey of FSBO sellers reported that understanding and performing the high volume of paperwork was the most difficult task, followed by correct pricing and home staging.
Buying a Home Without a Realtor
Buying a Home without a real estate agent can be lead to major regrets. Unless you know the comparables, neighborhood, and amenities of the neighborhood, it is not recommended you buy a home without a realtor representing you. Most homebuyers search for properties online – 90 percent, according to NAR. However, the actual process of buying a home is much more involved and complicated than scheduling showings. You ever hear, LOCATION, LOCATION, LOCATION. You do not want to buy a home in a high crime-ridden neighborhood.
Negotiating Home Purchase Price
When purchasing a property, home buyers will need a professional for the following:
Someone who can negotiate the price. Write up the necessary contract. Work with the seller to push the transaction through, recommend the right home inspectors and vendors, interpret crucial mortgage data, and generally manage the whole process.
In a NAR survey, 40 percent of buyers reported the mortgage application and approval process to be more difficult than they expected.
Homes As Investments
A home is the most precious financial asset.
Put it in the hands of a real estate expert. Home Buyers need to select a licensed realtor who knows the business and can help them with all of their home buying or selling needs.
Feel free to click on our Directory and check out the list of our Premier Real Estate Pros at www.gustancho.com.
Knowledge in the Current Real Estate Market
Tools to help buyers and sellers understand local markets are constantly changing. Knowing how your neighborhood performance will keep realtors on top of their game.
Realtors will have special websites which allow buyers to see all of the real estate activity in a specified area. Select the area that buyers are interested in learning more about, and can choose to receive emails that provide buyers with all of the real estate transactions and details specific to that selection.
This interactive report charts such data as sold homes, properties for sale, inventory counts, and even days on market.