The internet is a treasure trove of information on real estate, making many buyers wonder if they still need the services of a real estate agent. Some buyers do well without one, but many unfortunately do not.
In the 2017 Profile of Home Buyers and Sellers, the National Association of Realtors (NAR) asked buyers and sellers about their real estate experiences. One section of the profile focused on their experiences with agents.
The survey found that they enjoyed the following benefits with the help of their agents:
- A better understanding of the process
Those who worked with agents say that they developed a better and more thorough understanding of the buying and selling process. An experienced real estate agent can explain various aspects of the transaction to you. This knowledge will prevent you from getting caught off-guard as you close the deal.
- An eye for property potential and hidden flaws
An experienced agent can point out questionable factors that can endanger your investment, such as asbestos, mold, low quality finishes, and more. On the flipside, the agent can also discuss the potential of the property, such as a bonus room that can be converted into a bedroom or a spacious garage that can be converted into an apartment. The agent is there to protect your interests and ensure that the transaction is a positive experience for you.
- Negotiation skills
It doesn’t hurt to have an experienced agent on your side when playing hardball with aggressive buyers and sellers. An agent can be extremely helpful when negotiating some of the more complex terms of the contract and coming to an acceptable agreement with the other party.
For example, if the home you want has less-than-ideal features, the agent can bargain to get the best price for it, or at the very least, get the seller to commit to making repairs and improvements before you close the deal.
A good agent can expertly analyze comparable properties in the neighborhood to see if the home you want is priced correctly for the market it’s in. This will help you avoid overpaying for a property.
- Knowledge of the community
Real estate experts are usually active and well-connected members of the community and local organizations. They know the area’s history and might have insider information of future developments that can impact property values. Their connections make them a valuable resource for buyers and sellers who want to make informed decisions.
You don’t need to be a real estate expert to buy and sell property if you work with a professional. All you need to do is hire the right person. Doing so will not only help you save time and energy, it will also prevent you from making costly mistakes.
Don’t take risks when making the largest investment of your life. The professionals at Best Mountain Properties can guide you through the buying and selling process. Call them at 909.553.5483 or send an email to BestMountainProperties1(at)gmail(dotted)com.