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5 Advantages of Hiring a Real Estate Agent With a lot of information available online in a snap, you may just ask, “Why do I have to hire a real estate agent? Good question actually. Here are the top five answers: General Expertise
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You won’t have to know much about buying or selling real estate if you have a real estate professional who works for you. When you hire people who are more knowledgeable than you, it only shows that you are really more knowledgeable than they are. The idea is to pick the right person. In most cases, they all cost just about the same. We all want more precious time in our lives, and that is exactly what hiring pros gives us.
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Local Information Also, agents either know insider information or where to find insider information about your target neighborhood. They can provide data on you comparable sales and more related facts and statistics, on top of more location-specific details, like crime rates, schools, etc. Pricing In contrast to what some people think, agents are not the ones who dictate prices for the sale or purchase of properties. However, they can guide their clients to make the smartest decisions for themselves. A listing at 7%, for instance, means an agent has a 7% vested interest in the sale, while the rest has the rest. Selling agents will advise buyers to balance all the data given to them and to decide on a price. The agent will then create a negotiation strategy, depending on market supply and demand, and the conditions. Negotiation Skills A good agent is a good negotiator, and much of this has something to do with his ability to handle the transaction without emotion. It’s just a job. Agents are not messengers who deliver offers from buyers to sellers and vice versa. They are trained professionals whose specialty is presenting their client’s case in the best possible way. Paperwork At the start of the 1970s, single-page deposit receipts were common. These days, purchase agreements can be as long as 10 or more pages, and that doesn’t even include federal, state or local disclosures. A typical real estate transaction file can be covered in one to three inches of paper. With just one tiny error, you could end up in court or paying thousands in penalty. Thank goodness disclosures are handled by lawyers in some states! By now, you’re probably convinced that a real estate agent can be indispensable to you as a buyer or seller. However, you have to know that not all agents are the same. It’s not enough that hire someone. In fact, before you actually do, you need to spend time and effort researching the best prospects in your target area. Compare at least two or three of them, giving weight to reviews from their previous clients.