Why use a Realtor?
There are many ways to sell your property these days. Know the facts before you make a choice!
"The long-term pain of receiving poor service and selling your property for a lower price than it should have originally sold for, will last much longer than the short-term gain of a small savings in the commission rate." Think about it.
With so much information readily available online, clients sometimes ask us, "Why should we hire a real estate agent?" They wonder, and rightfully so, if they couldn't buy or sell a property through the Internet or through regular marketing and advertising channels without representation, without a a real estate agent.Some wish they would have nade a better choice. So if you've wondered the same thing, here are 10 reasons why you might want to consider hiring a professional real estate agent.
1. Education & Experience
You don't need to know everything about buying and selling real estate if you hire a real estate professional who does. Henry Ford once said that when you hire people who are smarter than you are, it proves you are smarter than they are. The trick is to find the right person. For the most part, realtors cost about the same. Why not hire a realtor with more education and experience than you? We're all looking for more precious time in our lives, and hiring pros gives us that time.
2. Agents are Buffers
Agents take the spam out of your property showings and visits. If you are a Buyer, your agent will represent you, making sure everything about your purchase is disclosed, and dig deeper for information that is not shown on the listing. If you're a Seller, your agent will filter all those phone calls that lead to nowhere, from "lookie loos" to "tire kickers," to try to induce serious buyers to write an offer.
3. Neighborhood Knowledge
Agents either possess intimate knowledge or they know where to find the industry buzz about your neighborhood. They can identify comparable sales and hand these facts to you, in addition to pointing you in the direction where you can find more data on schools, crime or demographics. For example, you may know that a home down the street was on the market for $350,000, but an agent will know it had upgrades and sold at $285,000 after 65 days on the market and after twice not completing a sale.
4. Price Guidance
Contrary to what some people believe, agents do not select prices for sellers or buyers. However, an agent will help to guide clients to make the right choices for themselves. Selling agents will ask buyers to weigh all the data supplied to them and to choose a price. Then based on market supply, demand and the conditions, the agent will devise a negotiation strategy.
5. Market Conditions Information
Real estate agents can disclose market conditions, which will govern your selling or buying process. Many factors determine how you will proceed. Data such as the average per square foot cost of similar homes, or farm buildings, median and average sales prices, average days on the market and ratios of list-to-sold prices, comparitive market analysis (CMAs), among other criteria, will have a huge bearing on what you ultimately decide to do.
6. Professional Networking
Real estate agents network with other professionals, many of whom provide services that you will need to buy or sell. I can recommend or refer you to an agent in a differnt location or province as we know which Agents have a reputation for efficiency, competency and competitive pricing. Agents can, however, give you a list of references with whom they have worked and provide background information to help you make a wise selection.
7. Negotiation Skills & Confidentiality
Top producing agents negotiate well because, unlike most buyers and sellers, they can remove themselves from the emotional aspects of the transaction and because they are skilled. It's part of their job description. Good agents are not messengers, delivering buyer's offers to sellers and vice versa. They are professionals who are trained to present their client's case in the best light and agree to hold client information confidential from competing interests.
8. Handling Volumes of Paperwork
One-page deposit receipts were prevalent in the early 1970s. Today's Purchase Agreements can run 10 pages or more! That does not include the federal mandated disclosures nor disclosures about representation and agency relationships. Most real estate files average thicknesses from one to three inches of paper. One tiny mistake or omission could cost you thousands.
9. Answer Questions After Closing
Even the smoothest transactions that close without complications can come back to haunt. Many questions can pop up that were overlooked in the excitement of closing. Good agents stand by ready to assist. Worthy and honest agents don't leave you in the dust to fend for yourself.
10. Develop Relationships for Future Business
The basis for an agent's success and continued career in real estate is referrals. Few agents would survive if their livelihood was dependent on consistently drumming up new business. This emphasis gives agents strong incentives to make clients are happy and satisfied. It also means that an agent who stays in the business will be there for you when you need to hire an agent again. Many will periodically mail market updates to you to keep you informed and to stay in touch.
It's your biggest investment!
Take care of it.
I am a professional.
Call me at our Goderich Office 24-7! Ask for Bill at 519 524 6789.
Anytime: Bill's cell 519 525 9287