Decide whether to use a real estate agent while buying or selling your next house is a query you may have asked yourself in the past. When you’re not sure whether hiring a Real Estate Agent will be helpful, perhaps this article will help. selling a home offers excellent info on this.
The National Association of Realtors’ 2011 profile of homebuyers and sellers shows that For Sale By Owners (FSBO’s) accounted for only 10 percent of home sales. The average FSBO property even sold for $150,000 while the average real estate agent helped sell home for $215,000. While many people think that selling the home on their own can save time and money, this is often not the case. We generally still don’t really appreciate the challenges that come with the selling of their FSBO house. The Homebuyers and Sellers profile reveals the most challenging roles for an FSBO are:
- Considering the rental market and specifying the correct price for their house.
- Consider the documents required, and fill it all out correctly.
- Able to devote enough time to all aspects of the sale. That would be marketing the home, showing the home, answering home phone calls and emails, etc.
- Determine if they should spend extra money on preparing or fixing the house.
- Selling the house within a given time frame.
Usually owning or selling a house is the biggest move the majority of people create in their lives. If you are purchasing a new house or selling your old property, a real estate agent will help secure your rights and save you substantial money. We’ve compiled a list of incentives for homebuyers and sellers alike.
Reasons to use an agent for the purchase of a home
- Paying the real estate agent is not usually required by a home buyer. If a real estate agent advises a house buyer on a transaction of a property, the purchaser of the house accounts for the fee received by the agent. The fee is paid from the quality of the transaction.
- The Multiple Listing Service (MLS) is open to the real estate brokers. The MLS is a serviced real estate company supplying them with the latest up-to – date knowledge on homes in your city for rent.
This program is not available to the public at large. Through the MLS, an agent will find out house-like facts, taxation, how long it has been registered, price adjustments, special home features, etc.
- Officers are informed of the region. A real estate agent will be able to educate you about the community, colleges, parks, recreation facilities, etc. in the places you are trying to buy.
- Agents learn how to negotiate on your side with the vendor. Negotiating a home ‘s quality will also be quite challenging. It is not uncommon in today’s market to ask for costs of closing to be paid, repairs to be completed, home warranties or inspections. In the home, real estate agents are often able to negotiate items such as washers / dryers, refrigerators or furniture into the property’s sale. Your job with real estate agents is to ensure you get the best deal.
- Agents carry on with the deal. Once you have approved the bid you should have a number of activities to do in a short time. Your agent can help you keep track of and orchestrate all the tasks that the purchasing process requires.