Buying or selling a property is one of the most significant financial transactions that an individual can make. Many people believe they can save a lot of money by taking the DIY or private sale route, but this approach can often result in costly mistakes and missed opportunities.
What is a Realtor?
A real estate agent is a professionally licensed salesperson who represents a buyer or seller in various real estate transactions. In many cases, the potential buyers and the sellers each have their own agent who will represent them in their home purchase or sale. A selling agent can also be called a listing agent.
A realtor is someone who has a real estate license and is part of the National Association of Realtors (NAR). They must also subscribe to the standards and strict code of ethics of the association. While you don’t need to be a real estate agent to be a realtor, many of them are.
5 Benefits of Working With a Realtor as a Buyer or a Seller
Whether you’re looking to purchase your first home or you are a veteran real estate investor, working with a realtor can make the entire process that much easier.
Here are 5 benefits of working with a realtor!
They Can Offer Insider Knowledge
One of the most significant benefits of working with a realtor is the expertise in the real estate industry they bring to the table. Realtors are professionals who have in-depth knowledge of the local real estate market, including current trends, prices, and available inventory. They are also familiar with the legal and financial aspects of buying or selling a property.
Realtors also know how to navigate the complex world of real estate paperwork, ensuring that all the necessary documents are filled out correctly and submitted on time. They can assist in negotiating the best deal for their clients, whether they are buying or selling.
Especially for agents who have been in the real estate business for a number of years, they often have a strong strategy when it comes to selling at the highest price or buying at the lowest price.
Having an experienced realtor, buyer’s agent, or listing agent on your side can make the entire process run more smoothly and efficiently.
Better Access to Available Homes
One of the most challenging aspects of the real estate market is finding the right property. With so many options available, it can be hard to sift through the inventory and find the perfect property in your budget.
Along with the agent’s time, A real estate agent can provide an invaluable service to their clients by giving them access to properties that are not yet listed on the market.
Most real estate agents also have access to Multiple Listing Service (MLS), an extensive database that lists all the properties currently on the market. This database contains detailed information about each property, including photos, descriptions, and the asking price. In other countries, buyers need to hire several agents in order to get access to more of the available inventory. MLS makes it easy for both the buyer and the seller.
With access to MLS, realtors can quickly find properties that meet the specific requirements of the buyer, such as location, size, and price range.
Useful Negotiation Skills
Negotiating is a crucial part of the real estate process, and it is something that most buyers and sellers do not feel confident doing on their own. Realtors have years of experience negotiating with buyers, sellers, and other real estate agents. They know how to read between the lines and find the best deals for their clients.
Realtors are also skilled at helping potential home buyers set realistic expectations and avoid overpaying for a property. Additionally, realtors work with a seller to ensure that they set a realistic sale price and prep for open houses or showings.
They can provide valuable insight into the market, such as how long a house has been on the market, the average sales price of comparable properties, and any current market conditions that may affect the price.
Guidance and Support Throughout the Entire Process
Buying or selling a home can be a stressful and overwhelming process. When you hire a real estate agent, you want to ensure that you have a good relationship with the agent and that they have your best interests in mind.
You’ll want a realtor with good communication and negotiation skills, good recommendations, and a thorough knowledge of the neighbourhood you are hoping to live in.
Additionally, the real estate transaction process involves a lot of paperwork, and it can be overwhelming for many people. For example, buying or selling a property requires drafting and reviewing contracts, leases, and addendums. Completing these documents correctly and on time is essential to avoid costly mistakes that could result in the loss of the deal.
Realtors know the ins and outs of real estate paperwork and legal processes. They can help their buyer or seller understand the terms and conditions of contracts, as well as any legal consequences of the transaction. Often, real estate agents have a network of other professionals in the industry, such as appraisers, mortgage lenders, and home inspectors, who can help their clients get the best properties at the best prices.
Save You Time and Headaches
Buying or selling a property is time-consuming, and it requires a considerable amount of effort to get it done right. Sifting through the available houses, getting pre-approved, understanding closing costs, attending open houses, and managing multiple tasks at one time can be daunting.
With work, family commitments, and other responsibilities, most people do not have the time or energy to devote to the process. This is where your agent comes into play.
Realtors are dedicated professionals who can devote the time and resources needed to get the job done. They can handle all aspects of the process, including scheduling property visits, preparing mortgage paperwork, and conducting negotiations. They can also keep their buyer or seller informed of any developments, ensuring that the transaction runs smoothly and efficiently.
Whether you decide it’s time for a new home, or you’re hoping to sell, hiring a real estate agent can make all the difference.
Let’s Talk: Voortman Realty
If attending an open house, finding the perfect property, or signing legal real estate documents sounds daunting, a realtor can make your life easier!
Voortman Realty is a team of trusted real estate agents who are ready to help you find your next home or get your home sold. Want to know more or set up a call? Contact us today to get the job done!