Different resources to assist sellers in promoting and selling their assets have expanded over the last 10 years, causing many to question whether they still need to employ a real estate agent. The Web has massively increased listing exposure and created opportunities for sale beyond the conventional direction for sellers. Commissions usually account for 6 per cent of the home’s selling price, and many sellers wonder if it’s worth the investment in a full service agent. Consider what an agent actually does before you conclude that 6 per cent is just too big an investment. Get More Info here.
ACCESS, ACCESS, ACCESS Whether on the buying side or on the selling side, an agent can give you ready access to the listings. The Multiple Listing Service (MLS) is the service that agents across the nation use to list homes, giving other agents with interested buyers all the information they may need about the property. Sellers will want to find their home on the MLS because it’s the primary place buying agents look for prospective properties for their buyers.
CONVENIENCE IS KEY It is much more convenient to employ an agent to represent your property than to attempt and market and sell your property on their own. The phone calls alone can be daunting, for example! The moment a home hits the market, there are calls from brokers and potential buyers seeking to arrange viewings and ask questions about the property’s details. Such potential buyers turn up occasionally, but then again, they do not occasionally. It is very helpful for those with a busy and active lifestyle to have an agent to answer the phone calls and manage the many questions about the home.
EXPERIENCE NEGOTIATING Whether it is a “buyer’s market” or a “seller’s market,” agents need good negotiation skills. Prospective buyers may want to bid less than asking price on a house, and they will be directed by a good agent when deciding on the right amount. Sellers want the most they can get for their property and they’ll be directed by a good agent on how to treat offers that come in for less than the price they ask. There’s also the issue of making compromises on closing costs, any adverse inspection results, and more besides negotiating the sale price. Considering that most people do not conduct transactions of this size and complexity on a daily basis, it is easy to see why an agent is nice to have.
WRITING THE CONTRACT Sure, there is a uniform contract for the real estate that most buyers use when putting together an offer. It. look “fill in the blank” very much — and it is — but what’s so important is what’s put in the blank! A professional agent should ensure the schedules and contingencies are in place to protect a prospective purchase or sale.
HONESTY IS THE BEST POLICY The use of a licensed agent increases the chances that the transaction will proceed fairly with all the parties who represent themselves and the land. Registered agents are expected to maintain a fiduciary relationship with their clients, which means they are bound by statute to act in the best interest of their client. Whether you are buying or selling a property, knowing that you have a professional at your side is good.
THE BOTTOM LINE An agent is a smart choice for the majority of people with an involved and busy lifestyle. They will not only handle the big stuff, such as assisting with pricing, marketing, and other listing needs, but they will handle the small stuff like those endless phone calls and letting prospective buyers on short notice. Agents bring integrity and expertise to one of the most critical financial transactions that you will ever be making.