When you’re buying or selling a home, it can feel like there are a million factors to consider about and a thousand things to check off your list. Thinking about hiring a real estate agent? That seems like one more thing on your plate, not less! But as you may know, the housing market is an extremely challenging place for both buyers and sellers.
If you have your eye on a specific property, or are thinking of selling your home, it’s worth thinking about working with an agent. They can be worth their weight in gold when it comes to negotiating offers, finalizing inspections before closing, and even setting up appointments with lenders so you don’t have to spend hours doing that yourself.
Why you should hire a realtor when buying a home
First and foremost, an agent can help you find the right property to suit your needs. If you’re looking in a popular market, you’ll likely be competing against multiple other buyers for the same limited supply.
An agent who knows the neighborhood and the market can help you find the property that meets your needs that may otherwise be overlooked. An agent can also be useful if you’re buying a short sale or foreclosed property, where the process can be particularly complex and challenging.
Why you should hire a realtor when selling a home
Real estate agents can help you price your property appropriately from the start, so you don’t end up sitting on the market with few showings and even fewer offers.
Agents can help you make sure the property is ready to go on the market and that proper disclosures and comparative data are included in your listing so potential buyers know what they’re getting and when they should make an offer.
Core services real estate agents provide
Real estate agents provide access to a huge network of potential buyers and sellers. Agents build relationships with other agents who can help them show your home to its maximum potential.
They also have access to tools, data, and websites that you might not have the time or resources to use effectively on your own. Agents also have access to home value estimators that can help you determine the optimal price for your property.
In addition, they can help you navigate the paperwork and “behind the scenes” tasks like scheduling inspections, setting up financing, and communicating with contractors.
Key mistakes to avoid when hiring an agent
First, you want to make sure you’re hiring a reputable agent. When you interview agents, make sure they are licensed and have access to your listing on the MLS (Multiple Listing Service).
Second, you want to make sure you’re hiring an agent who is well-suited to your particular needs. For example, if you’re looking for a condo in a certain neighborhood, you may want to find an agent who specializes in those properties.
You also want to make sure you’re hiring an agent who has experience with the type of property you’re buying. A luxury condo expert probably isn’t the best choice if you’re looking for a fixer-upper or a single-family home.
Reasons why agents are worth the money
Real estate agents are licensed professionals who have invested a lot of time and money into learning the business and meeting high industry standards. They are committed to staying up-to-date on all the latest market trends.
Real estate agents are committed to doing what’s best for you, not just closing a deal. Agents who are worth their salt should have your best interests at heart, not just a quick commission.
For potential home sellers who are really looking to maximize how far their dollar goes, a discount realtor could be a great option. A discount realtor provides all the same services, but for a much smaller fee.
Conclusion
Hiring a real estate agent is a big decision that shouldn’t be taken lightly. Real estate agents are trained professionals who have knowledge, skills and experience that can help you navigate the buying or selling process and make it as smooth as possible.
Whether you’re buying or selling, it’s important to choose someone you trust who has your best interests at heart. When you hire a real estate agent, you’re hiring experts who know the ropes and can help you navigate a process that can otherwise be extremely challenging.
