As we know, the Real Estate market is HOT right now. Sellers are seeing multiple offers and their homes selling well above list price, while buyers are getting in bidding wars and sometimes even losing out when submitting offers. Buyers are starting to get creative in order to make their offer seem more appealing, often waiving contingencies, including escalation clauses, or paying all cash. Some buyers and sellers are even thinking about not using a real estate agent, believing this to save on costs. Although this might sound appealing initially, hiring a strong, hard-working agent is the best line of defense throughout any real estate transaction. Before deciding to forego all the benefits of working with a real estate professional, consider the list below.
- Expert Insight of the Area: One of the biggest perks of a realtor is the extensive understanding of the geographical region. They know exactly what is happening in the local market and are aware of the specifics of each neighborhood. Agents will be able to narrow down your ideal criteria and guide you to the area that best suits you and your needs.
- Top of the Line Resources: Agents have access to MLS, or Multiple Listing Service. This is the ultimate and most thorough tool for agents to see new listings, open houses, price changes, and any and all up-to-date information about what is currently on the market. Although other home search websites are available, they are not always the most accurate or extensive, which could result in limiting your search options.
- Professional Negotiation Skills: Your real estate agent will be your #1 advocate. There will always be someone going up to bat for you. Whether that be for crafting the cleanest offer, negotiating the terms of the contract, or getting you the best price, your real estate agent will always be working towards your best interest.
- Knowledge of the Process: Real estate transactions require a TON of paperwork and important deadlines to hit. To most, the contracts are overwhelming and confusing. Agents will be able to go through each document, explain the purpose of each and be able to answer any questions, making each transaction as clean and clear as possible, saving you time and a headache.
- Objective Opinions and Suggestions: Buying or selling a home is one of the biggest financial positions in one’s lifetime. It is next to impossible to not get emotionally invested, and often times those emotions can complicate or even sabotage a deal. Having someone from the outside to guide the process will keep all parties focused and in line.
- Devoted Time: Selling real estate is a full-time job. It is important to have someone who can dedicate their time and energy to the transaction, enabling you to sit back and relax, knowing you are in good hands and the deal will get done.
Using a real estate agent is in your best interest. Ultimately, it will save you time and money, making every transaction as easy and seamless as possible.