When purchasing or selling a property, it is always a good idea to work with a professional, especially when it comes to the largest financial asset you own.
Not working with a realtor is a common mistake of first-time homebuyers.
So Why Should you Work With a Realtor?
Realtors can handle many of the more difficult aspects of buying a home, like:
- Negotiating to get you the best price
- Show you what to look for when buying a house
- Educating you on the market
- Recommend a lender to get a mortgage pre-approval
- Inform you of important information regarding the contracts.
A Realtor Will get you the Best Price
When selling a home, a realtor will do a comparative market analysis, so you will know the top market value of your home and not sell for less than what it is worth.
They will also be able to inform you on what home improvements need to be done and where to put your money in terms of renovations and repairs.
They will help you in staging the property and preparing your house for sale, have the property professionally photographed, marketed, and ready to be put up for sale.
This will in turn get you the most amount of buyers which will get you the highest offer.
If you are purchasing a property, a realtor will be able to look at what has sold in the area, factor in any differences, and come to the market value of the property you are looking at.
They will also be able to go over a home inspection with you so you will know if there are any major repairs that need to be done or if the property is a fixer-upper house.
This all will make sure you do not exceed your home buying budget because you didn’t know what to look for.
Realtors Know of More Properties
If you are looking to purchase a home, realtors may have access to more properties than you do.
They themselves or someone in their brokerage may have access to exclusive listings that are not on the market.
They may also have access to properties that are about to go up for sale, so you might get access to first viewings.
A local realtor will be able to show you different areas and types of homes from resale to new build and detached to condominiums so you can explore all options.
In turn, you will have access to more property listings than you would if doing the search alone.
A Realtor Will Negotiate on your Behalf
When it comes to negotiation, a realtor will have more leeway.
They likely have negotiated many times on getting the best price for a property in the past, so will have strong negotiating skills that will work to your benefit.
They will also have access to past sales in the area which will aid in their negotiation of your offer.
And negotiating yourself, with no past experience and no comparable sales will not likely get you the price you want.
An experienced realtor can also negotiate seller concessions and closing costs on your behalf.
Realtors Have Local Knowledge and Insight
If you do not have a qualified professional with you, you might make mistakes that could cost you a substantial amount of money in the long run.
Final Thoughts on Working With a Realtor…
Using a realtor is not an added service when it comes to purchasing real estate, it should be a mandatory one.
When buying or selling you will want to get the best price, getting either top dollar for the home you are selling or the best price on the one you are buying.
From everything to home inspections to getting the keys, a realtor will be there to answer all of your questions and make sure the process goes as smoothly as possible.