Buying and selling a home is unlike other purchases. This is the biggest financial decision you’ll be making in your entire lifetime! Although you could attempt to do this on your own, consider why it is better to work with a Realtor.
#1 – An industry professional will be covering your back.
Having representation (either as a buyer or a seller) means that a skilled professional is ethically and contractually obligated to protect and promote your interests. This includes sharing information with you that keeps you informed and promotes your interest while keeping your information confidential.
#2 – Help you navigate a complex transaction.
Real estate transaction is complicated. There are many people involved in the transaction and there are many steps in the process. On the selling side, you have to deal with photography, marketing, scheduling showings, negotiation, contract paperwork, disclosures, etc. — just to name a few. On the buying side, you have to deal with inspection, appraisal, loan application, etc.
Most buyers and sellers will appreciate having a knowledgeable resource that can guide them through the process, answer their questions, and position them for the best possible outcome.
#3 – Staying up-to-date with the market and laws.
Real estate agents are required to take continuing education to stay up-to-date with laws and regulations. There are many pitfalls that you could stumble into if you don’t know the laws. For example, improper disclosure of lead-based paint or an underground storage tank could have serious implications well after the sale of the property. You want someone that can help you navigate these pitfalls and keep you up-to-date with the market trend for your most important transaction.
#4 – You can improve your negotiating results.
Deciding on an offer price or a list price for a house not as simple as looking up online estimates or referring to tax assessment. More often than not, these sources could differ from the actual fair market value by as much as 20%. Determining the best price (offer or list) requires a careful analysis of other comparable home sales and other market factors.
Additionally, some Realtors are additionally trained as an Accredited Buyer’s Representative or a Certified Negotiation Expert. These Realtors can go the extra mile to help you negotiate a better deal.