Going solo could be costly when buying a home
If you think hiring an agent when trying out a home sale or purchase is old news. it’s not, 88% of home buyers still purchase homes via real estate agents. True, the existence of home buying and selling websites, 1% commission sales and home buying and selling apps has made it considerable easy to go about a home sale or purchase yourself and save the realtor commissions that you have to surrender. But, the 88% of home buyers couldn’t be wrong, and here are several reasons why you need a realtor when buying or selling a home.
Although you may be attracted by the promise of “zero real estate commission” that going solo with your real estate deals command. It could actually turn out to be more costly. Stats prove that FSBO sellers sell their house for $30,000 less than what it’s really worth. Moreover, a random real estate buyer doesn’t have the negotiating skills that an agent possesses.
You might find yourself in any unforeseen situation when buying or selling a home. It’s your agent’s responsibility to give advice suited to you when you’re either buying or selling a home. The reason why you need a realtor in this case is that your agent has been able to deal with many of these types of issues successfully.
Your agent knows how important your time is when buying or selling and so is able to leverage his connections with other real estate agents and locals to get you clients within a short period. A good agent takes on the responsibility of helping you achieve your real estate wishes with as little stress as possible.
A good agent knows the current situation of the market. Market information is crucial when coming to a home buying or selling decision. Apart from this, an experienced agent in that neighborhood has a strategy that works best for that market.
Your agent has been in the middle of many real estate negotiations, he/she has undergone training to be a good negotiator. Hence, a real estate agent is in the best position to represent your interest when buying or selling.
Both the buyer’s agent and the seller’s agent work full-time as real estate agents and know what needs to be done to get an agreement. For example, if you are looking to buy a home, a real estate agent will track homes that meet your criteria, get in touch with the agents of the sellers and make appointments so you can see the houses. If you are buying on your own, you will have to play this telephone tag yourself.
Having a good real estate agent does not cost you anything, but it saves you a lot of potential losses. This is why you need a realtor who has market knowledge and can help you save money on your home deals.
Do you want to Sell or Buy a House? Call me today (714) 963-7462.