Regardless of whether you’re buying or selling your home, it is a major financial and emotional undertaking. In this day and age where social media and the Internet are part of our everyday lives, some people think the services of a professional real estate agent aren’t necessary because it’s a job they can take on themselves. But ask yourself this question, if you aren’t familiar with preparing a tax return would you chance filing your own taxes, or would you turn to an accountant for help?
Buying and selling is a time consuming and often stressful experience but working with a professional real estate agent can help alleviate some of the pressure and serve you in the long run. Navigating a real estate transaction, regardless of whether you are buying or selling can be tricky so having someone with experience besides you every step of the way is invaluable.
If you’re still thinking of flying solo, consider some of these important reasons why working with an agent can save you time and money in the long run.
Real estate agents have complete access to the MLS (Multiple Listing Service) database and regardless of which side of the sale you’re on this tool is your friend. If you’re selling your home a listing in the MLS will increase exposure of your house, opening it up to agents all across the area. If you’re trying to sell your home on your own this opportunity won’t be available to you.
If you’re on the buying side, your agent will be able to access listings that fit your search criteria, saving valuable time in looking at ones that don’t meet your requirements.
Real estate agents are also plugged into a network of other agents and through word of mouth can either share your listing or learn about homes for sale. When working on your own, your reach might not be as wide as theirs.
The Art of Negotiation
Negotiating is not for everyone so another benefit to hiring a real estate agent is that they’ll do it for you. Plus, an agent can take the emotional aspect out of the sale and provide objective advice on different aspects of the process.
Regardless of whether you’re buying or selling, your real estate agent is working in your best interest to negotiate the best deal possible. If you’re going at it alone and think the listing agent will be helpful if you should need assistance think again, they’re working in their client’s best interest and cannot provide you with that same loyalty.
Knowledge and Information
Whether you have questions about a particular neighborhood, comparable sales in the area, mortgage brokers, inspectors, lawyers, etc., real estate agents either have the answers or can point you in the right direction to find them. Because they work closely with many different people connected to the real estate process, there’s no need to worry if you don’t know any professionals in the field, they already do.
Real estate agents are familiar with the current market climate and can ensure your home is priced right. While they cannot select prices for sellers to list at or buyers to offer, they can guide you in your choices. As a seller, your goal is to sell quickly and at the highest price. Homes that
are on the market too long are often reduced in price and can leave potential buyers wondering if there’s something wrong and they may not be willing to meet your asking price. As a buyer, the number you choose to offer is ultimately your decision but any good real estate agent will help guide you when it comes to determining an offer that will get you a great deal without turning off a seller. While nobody wants to overspend, having a realtor working for you will help in any back and forth counter negotiations.
With the sale or purchase of a home comes a volume of paperwork that will need to be filled out along the way, with some of these documents easier to complete than others. Working with an agent takes away the guesswork; they deal with the same contracts and conditions on a regular basis. Navigating a real estate sale or purchase can be tricky so it’s smarter to leave the work to a professional.
Although you might think doing this on your own can save you money, it might actually cost you more in the end, especially if you’re buying or selling a property for the first time. At Madison Estates we’re here to help guide you with all of your real estate needs.