It’s a chilly Saturday morning. You have brewed your favorite Nespresso and turned your tablet or laptop on to view the latest property listings as you prepare for a day of open houses.
You are DIYing the real estate thing — and probably think you are doing it pretty well. After all, every detail you need is a few clicks away, right? The truth is, that’s your judgment based on incomplete data. Every home seller or buyer knows that you can read stuff online and purchase or sell the property on your own. But just because you can doesn’t mean you should. Chances are this is the most significant financial choice of your life and it needs to be done right. A realtor can help protect your interest.
1. Real estate agents have loads of expertise
Do you want to know more about the MLS for a 4B/2B with a W/D and an E/K? Well, the industry has a unique language with semi-arcane jargon and acronyms. The good news is that realtors are trained to speak that language fluently and effectively decode it for their customers.
Besides, according to Gloria Nilson & Co. Real Estate, the process of purchasing or selling a property requires dozens of reports, forms, disclosures, and many other technical documents. Real estate agents have the expertise to help their clients prepare a great deal. Indeed, they can ensure that you don’t make costly mistakes or delays that can mess your deal up.
2. Realtors have bullish negotiation chops
Every time you sell or buy a home, you are likely to encounter negotiations. As today’s housing market continues to heat up, these negotiations are more likely to get a u bit heated than ever. Expect a lot of competition, all-cash offers, bidding wars, and cutthroat tactics. In such an environment, you need a professional negotiator on your side to close the best deal.
A good real estate agent is always concerned more than just about the amount of money you are likely to spend. The professional can help you create a purchase agreement that allows you enough time for contingencies, inspections, and everything else that is crucial to your specific needs.
3. Professional realtors adhere to strict ethics
Keep in mind that not all real estate agents are realtors (licensed real estate salespersons who belong to the NAR – National Association of Realtors). Does this make a difference? Yes, it does. Realtors are often held to a higher ethical standard than most licensed agents, and they must adhere to a very strict code of ethics.
4. It seems they have a turbocharged property searching power
What the internet has is an awesome space – you can find nearly everything you are looking for. With different online real estate listing websites, you can find the latest property listings any time. However, realtors have access to more reliable listings. Sometimes, great homes may be available and not advertised actively. Thus, a professional agent can help find such hidden gems.
As much as the internet contains countless property purchase or selling tips, hacks, guides, and other resources, it’s advisable to hire a real estate agent if you want to protect your interests and save time.