Benefits of a Real Estate agent
The online Real estate portals like CommonFloor provides an intensive information regarding the properties available in the market for selling, so some times people wonder why do they need any real estate agent. Here we have discussed the important factors why one needs a real estate agent and the main services provided by them to a property buyer and seller.
Experience:
A real estate agent has the knowledge of his domain and it’s always better to hire an intelligent and experienced agent if you are dealing with properties. With his experience and knowledge, he will successfully lead you through the process of buying a property with securing a loan, getting the inspection and repairs done, completing a title search and so on.
Neighborhood Knowledge:
Agents are the most resourceful person when you need to inquire about a property’s neighborhood. They will provide you the information about the schools in the locality to the selling history of the home down the street. They have a huge database and from there they can predict the best selling price of a property.
Market Conditions Information:
The selling and buying price is governed by market conditions; Real estate agents have a deep knowledge about the history, and the present market scenario. The agent has the knowledge and data such as the average per square foot cost of similar houses, the medium and average sales prices, and the ratio of demand and supply of the micro market for the particular area.
Negotiation Skills:
Agents can remove themselves from the emotional aspects of the transaction so, they can negotiate well unlike most buyers and sellers. From their experience they can judge the value of the house and thus they know if the seller is demanding more. Some people think that the agent only thinks about his commission but its not the case, this is his business and his job is to get you the desired house for the best possible price. This is what he is paid for and he understands it very well.
Handling the legal part:
Today’s purchase agreements run 10 pages or more. there are hundreds of documents to be checked and one tiny mistake or omission could land you in court or cost you thousands. The real estate agent helps you in doing the initial checking of the paper and refer you to the competent lawyer to handle the disclosures.
Agents act as Buffers:
Agents take the spam out of your property showings and visits. If you’re a buyer of new homes, your agent will whip out his/her sword and keep the builder’s agents at bay, preventing them from biting or nipping at your heels. If you’re a seller, your agent will filter all those phone calls that lead to nowhere and try to induce serious buyers to immediately write an offer.
