Using a Real Estate agent, whether buying or selling a home, is a great idea. But many people think if they skip using the pros, it will help them save money. However, many statistics point the opposite direction.
By not using a Real Estate agent, it is estimated that you lose up to 25% on a deal.
That means, if you sold your home on your own for $180,000, you could have actually netted $240,000 if you enlisted the help of a realtor. That’s a potential $50,000 more in your pocket!
But if that wasn’t enough to convince you to use a realtor, here are 8 other reasons why using a realtor is in your best interest.
8 Reasons to Use a Real Estate Agent
1. Expert Guidance
A Real Estate agent is a professional for a reason; they took classes, passed a certified exam, and have joined a company to help them put materials in place to ensure you have the best experience when using their services. A real estate agent is someone you can trust when it comes to making the best decisions for your home, whether buying, selling, or both.
2. Negotiating Skills
Your realtor knows a thing or two when it comes to negotiating. They understand market trends, what is a fair deal, and what terms should be acceptable when buying or selling your home. The best part? You don’t have to do any negotiations! Just let your realtor handle it!
3. Numbers that speak for themselves…
If you are thinking of selling your home on your own, you better think twice about it since 90% of FSBO’s fail at selling. Another startling statistic? 88% of homebuyers use a realtor.
4. They understand the process
Realtors are well versed on how to handle every buyer and seller situation. They know the steps to take to ensure a smooth transaction process. Best part? They will hold your hand every step of the way and make sure there is great communication from beginning to end.
5. They have your best interest in mind
If you are a seller, you want both top dollar for your property and a quick transaction. If you are the buyer, you want to make sure you get the best deal. Those are the same goals your realtor has for you too! So, if you are both on the same page, it only makes sense that they have your best interest in mind.
6. They handle all of the “dirty” work – so you don’t have to
Here are just a few things that your realtor will handle for you: paperwork, negotiations, inspections, listing your home, finding properties, and hiring professional photography and marketing. All of this is taken off of your plate when you hire a realtor.
7. They act as “buffers”
Sometimes, when in negotiations for buying or selling a home, things can get heated. A lot can happen, and if your negotiation skills aren’t as sharp as they once were, or ever, it is wise to leave it to the professionals. Remember, the goal is to get the best deal for your situation! Often you are too close to the situation, but allowing an agent to act on your behalf (especially when keeping reason #5 in mind) is the best choice.
8. Life long friends
Your real estate agent is not just another person; they turn into a lifelong friend! When you have a great connection with your agent, chances are you will want to use them for all of your real estate needs moving forward. The goal is to form a lasting partnership.
Once you have decided that you want to start your real estate journey, make sure to pick a real estate agent that is right for you. If you don’t have any immediate referrals, it is always smart to interview agents. This way, you can see which one has the best marketing plan for your needs and will achieve all of your goals. Once you pick an agent that is right for you, the process will be a great experience.