Whether you’re looking to buy or sell a house, you might have considered trying to go it alone. There’s plenty of advice out there that suggests you can save money by not using a realtor, but these experts in their field can significantly boost your chances of selling your home or finding your dream property.
Realtors are invaluable in the property industry, and there are so many reasons to hire one. But, to keep things simple, we’re providing you with four major benefits of hiring a realtor for sellers and buyers.
They’re market experts
If there’s one person who can help you navigate the current real estate market, predict trends and plan accordingly, it’s a realtor. This is the major benefit of hiring an agent to help you with finding your dream home.
With this knowledge, they’ll not only be able to provide you with a potential asking price for your home, but they’ll also know about current mortgage interest rates and how your situation could impact the amount you can borrow.
Whether you’re looking for a realtor in Caledon or further afield, hiring an agent in the local area will give you access to market trends street by street.
They have a huge contact list
Realtors are expert networkers, and throughout their career, they’ll have accumulated the perfect contact list to help anyone who’s selling or buying a home. Everything from home repair specialists and staging companies to appraisers and inspectors should be on their contact list. They’ll know which services are the best for your budget, as well as trustworthy and reliable. Without this, you’ll be required to do plenty of your own research, which can delay the process even further.
As well as this, real estate agents will already have a good reputation with these contacts, and therefore you’ll be able to tap into their current relationship rather than having to build one from scratch.
Understanding of the paperwork
With any property sale or purchase, there is a lot of paperwork… If you’re not used to looking at the ins and outs of the contract world, it’s easy to miss crucial details. Real estate agents eat, sleep, and breathe this paperwork and will be able to highlight any issues and negotiate contracts on your behalf. It’s this attention to detail that can really save you money in the long run.
Killer negotiation skills
The major benefit of having a real estate agent in your corner is their killer negotiation skills. It’s their job to get you the best possible price for your money, whether that’s helping you to secure a new home within your budget or pushing buyers to reach your original asking price.
Realtors know what negotiation tricks work and which don’t. They’ll also know when it’s time to back down or put up a fight. As they have no emotional attachment to the sale themselves, they are able to keep a level head throughout the process. If you’re negotiating yourself, it’s easy to become defensive or give in to a price that’s far from ideal.
So while real estate agents may cost you in the start, they’re bound to save you money – potentially thousands – in the long run.