Asking "Why Do I Need A Real Estate Agent?"
With all of the online options for real estate emerging over the last two decades, some people are asking the question, "why do I need a real estate agent anymore?" This is actually a really good question that demands an answer. And there are some very compelling answers. The bottom line is that online real estate solves the problem of finding and marketing property, but does little for buyer or seller after a subject property is discovered. There are many aspects of a real estate transaction beyond finding and marketing where an experienced real estate agent will bring incredible value to the transaction. Here are three of them.
- Negotiation- Negotiation is probably the greatest benefit of a real estate agent. Your Real Estate Agent will negotiate on your behalf with your best interest in mind. Whether you're buying or selling, they represent you, and only you in all aspects of the real estate process. They can offer creative solutions and negotiation tactics, write up counter or contingency offers and walk you through the whole process. They can help you wade through inspection reports and then negotiate with the seller, buyer or contractor on items that need to be fixed prior to closing, and who will pay for them. Negotiations can be difficult, so sit back and let your real estate agent handle it using years of experience.
- Market Data -Get the most recent up-to-date data, including new property listings, comparisons and benchmarks. A Real Estate Agent has access to the MLS or Multiple Listing Service which provides the most accurate and comprehensive information on each property. For example, days on the market; listing history and how a home compares to other homes in the same neighborhood are vital pieces of information accessed through the MLS that can help in setting prices and making offers.
- Resources- Real Estate agents have a wealth of knowledge and resources to help you buy or sell a home. They know contractors, inspectors, appraisers, cleaning services, plumbers, title companies, and professionals who have a good reputation in the community. Other resources that may be available to you as a client include website and social media marketing and professional photos to accompany your listing, as well as open house services.
These are just a few of the reasons why using a real estate agent can positively impact a real estate transaction both psychologically and financially. Statistics help to uncover just how important real estate agents are. A recent national poll uncovered that 92% of all for sale by owner properties eventually become listed by a real estate agent before they are sold.