Which side are you on, seller or buyer? Regardless which the side you are on, a realtor is a must for you. WHY? Because you will have to go through a lot of decision-making steps and each step is reciprocal to one another. No doubt that you don’t want to take chances when it comes to such important decision like selling or buying a real estate as it costs time, effort and money. Here are some common series of queries that every buyer and seller is going to face:
Decision Making Steps as a Seller
- Determine a level-headed price as per the condition of the real estate
- Fix a budget for the home improvement cost before selling
- Set priorities from the home improvement list (painting interior/exterior, creating curb appeal, staging, and decoration)
- Decide whether the property requires extra efforts like video producing and photographing
Decision Making Steps as a Buyer
- Give a reality check to affordability (how much you can afford)
- Being aware of what to search for and where to search it
- How necessary is it to have pre-authorization and being pre-credentialed for mortgage credit
- Differentiate between paying and overpaying
Now, let’s discuss how a real estate agent fits perfectly in your situation:
A Real Estate Agent Knows How to Educate You
A reliable real estate agent concentrates more on educating his or her client rather than selling although selling is the ultimate goal. Imagine, a professional who invested a lot of time and effort on real estate training and real estate sector is guiding you through every decision making steps. There is a common scenario that, most of the time seller or buyer gets emotional and make desperate moves which they repent the rest of their life. Realtors help their clients to keep their desires and reality on a parallel track.
Professional Representation and Creating Market Value
Appearance or first impressions matter. Especially, when you are thinking of building a market value out of it, every aspect of representation is inevitable. Every house has its uniqueness and says a different story. It’s not possible for you to have the perspectives as a business-like real estate agent. Maybe you know the story and the flaws better than the realtors but still, you need a storyteller with skills. Skills like knowledge of the market and ideas of the desires of the other party.
A Real Estate Agent Knows the Market Better than You
Why? It’s a part of their job requirement. Before advising any client they analyse the market thoroughly such as:
Statistics of the local pricing: estimate the fluctuation of price by comparing neighbouring towns. They also check for the ranking for different institutions like school, colleges, hospitals etc. or whether the community of that particular area is developing or not like new roads, shopping malls etc.
Mortgage rates: always prefer getting pre-approved for a mortgage, since it allows you enjoy low-interest rate even when the interest rates get high and makes you more eligible as a buyer if can manage it before finding your dream home.
Alternatives with low-tax: they know the signs for the best and worst tax structures and what will be best suited for you.
So hire a real estate agent and you are rescued from buying an overpriced house in the undeveloped area, facing a buyer without pre-approved for a mortgage and buying a house with high property tax.
Realtors Have a Power Network
With the access to the Multiple Listing Service (MLS), they have a great source of information. This source helps them to connect with the best lender, contractors, and insurance service provider in the real estate business which leads them to handle any client with efficiency and complete gratification. This is a mutually benefited state, HOW? For realtors, satisfied client means more and more clients who are already impressed and for you getting a trustworthy and capable real estate agent who can steer you along with any tough situation.
Let Your Realtors Play the Bad Cop
A real estate transaction without any trouble is a very rare case. There will be several situations where heated conversation can take place. Let your realtors control that as they know the best from experience how to handle these rough conditions. One important note for every seller and buyer, don’t hide any flaws from your real estate agents. Remember they will manage it better if they know it all since they get to prepare. And don’t get stressed if you missed some points or didn’t even know for yourself professional realtors will have it all covered for you.
Above discussions summarises that realtors are your best friend when you are dealing with a real estate property. Save yourself from the common mistakes that others do without hiring a trained and professional real estate agent. But careful, finding a reliable real estate agent is a crucial responsibility, better look for some key points when hiring.