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5 Reasons You Should Hire a Real Estate Agent With a lot of information available online in a snap, you may just ask, “Why do I have to hire a real estate agent? That’s actually a very good question. Below are the top five answers: General Expertise
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You don’t have to know a lot about selling or buying real estate with a real estate professional working for you. It is said that hiring people smarter than you, proves that you are indeed smarter than her. How to find the right person is the challenge. They will all cost you just about the same for the most part. We all need more time in our lives, and working with pros gives us exactly time.
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Local Information Also, agents either have access to insider information or know where to get that access to insider information about the neighborhood you’re eyeing. They can give you important facts and statistics, especially those related to comparable sales and location-specific concerns, such as access to hospitals, school zones, crime rates and the like. Pricing Contrary to what many people think, agents do not set prices for buyers or sellers. But they can help clients make wiser decisions for themselves. A listing at 7%, for instance, means an agent has a 7% vested interest in the sale, while the rest has the rest. Selling agents will advise buyers to balance all the data given to them and to decide on a price. The agent will then create a negotiation strategy, depending on market supply and demand, and the conditions. Negotiation Skills Effective agents are effective negotiators, and a lot of this is because they can emotionally detach themselves from the property that is the object of the transaction. It’s just a job. Agents are not messengers who merely deliver offers between buyers and sellers. They are professionals who are trained to represent their clients in the best way possible. Paperwork One-page deposit receipts were the norm back in the 1970s. Nowadays, purchase agreements can run up to 10 pages or even more. In a normal real estate transaction, you could be looking at a file one to three inches in paper height. You could end up with thousands in penalty or, worse, in court with just one tiny error. Thank goodness disclosures are handled by lawyers in some states! By now, there’s a good chance you finally understand the reasons you should hire a real estate agent. But you have to know that agents are not all created equal. You don’t stop at hiring someone. In fact, before you actually do, you need to spend time and effort researching the best prospects in your target area. Compare at least two or three of them, giving weight to reviews from their previous clients.