If there are online listings where homeowners can sell their properties, what’s stopping them from hiring a real estate agent?
The answer is that real buying and selling properties are not as easy as you think. For those who have no experience in the real estate industry, preparing all the papers and talking to possible buyers can take up a lot of time especially when you have entertained people who are not really interested in your property. But the major concern of homeowners in hiring a real estate agent is the price they have to pay for the latter’s commission. Five to six percent is quite a big part of the sale price and not a lot of homeowners are willing to pay that.
But despite the commission, there is a lot to gain when you hire a real estate agent. Here are a few of the advantages you can get.
1. The Experience
There’s no doubt that real estate agents know more about real estate than you. After all, it’s their job to be able to give you sound advice on matters of buying and selling. A well-experienced real estate agent knows the ins and outs of real estate. They would know the best ways to increase the value of your property and they should be able to share these things with you.
2. The Network
Real estate agents have a wide network that includes agents like them, buyers, and sellers. This network comes as an advantage for you because the more people your agent knows, the higher the chances for you to find someone is willing to buy your property. At the same time, they can also give you recommendations on the home inspector and contractors if ever you need them.
3. The Manpower
If you aren’t aware, there’s a lot of paperwork that needs to be done when it comes to buying and selling a property. There’s the deed of sale, seller’s affidavit, contract, and many more. These documents also take time to create, so if you don’t have the time and expertise to do that, then a real estate agent will be your helping hand. Also, they can lend an extra hand in filtering out the people who are really interested in buying your property.
4. The Skill in Negotiations
Before you cut a deal, the buyer almost always wants to negotiate on the price. A real estate agent can help you price your property right so that it can appeal to buyers, and when negotiations take place, they will also help in the bargaining. This is especially important if your property needs additional repairs.
Summing up the other four benefits you’ll get, your major benefit in hiring a real estate agent is convenience. Since they have the knowledge, experience, and network, they will be the one to carry the burden of fixing your home and selling it. If you don’t have time to spare, then hiring a real estate agent is a better option for you. In that way, you can focus more on your work or beautify your home for its next owner.