Buying or Selling real estate can be a big challenge especially if you attempt it alone. Here are some of the benefits you’ll receive from working with your own real estate professional when buying home or investment property:
- No expense to you. An Agent or Buyer-Broker is traditionally paid by the Listing Agent, so there’s no cost to you for having a real estate expert by your side.
- Help with what could be your biggest investment. Most people understand the benefit of working with an attorney, an accountant, a doctor, when the need arises. Yet they overlook the importance of working with a real estate professional. Think about the investment you’re making, probably the largest financial decision in your life. It makes sense to have the advice and assistance of a real estate professional.
- Access to more potential home choices. If you’re working with a real estate professional, you’ll have access to thousands of homes through the Multiple Listing Service (MLS), so you’re more likely to find the home that’s right for you, in your timeframe. The majority of homes on the market are listed by real estate agents. They may not be available to you unless you are working with an agent.
- Assistance with “For Sale By Owner” properties. Some brave (maybe foolish) home owners decide to sell by themselves and are not prepared for all that’s involved with showing their home, negotiating the deal, and preparing a contract of sale. If you happen to be interested in a FSBO property, take your Sales Representative along to help with the contract. FSBOs frequently discover there’s more to selling a home than they anticipated and will agree to pay the agent’s commission.
- Experience with steps to a successful closing. A number of home purchases never make it to closing due to a variety of unforeseen problems. Experienced real estate professionals have learned how to both avoid and resolve problems and can move transactions forward to successful closings.
- Awareness of local home builders and new subdivisions. Your real estate Sales Representative can provide information about new homes in your area. If you’re interested in buying a new home, take your Sales Representative with you on your first visit to each subdivision. Your own real estate professional is an important source of information who can supply background on the builder, nearby subdivisions, and the local community.
- Reducing the liability factor. Real estate transactions seem to become more complicated and more regulated each year. Working with a real estate professional who keeps up on industry requirements can offer you more protection from legal and financial liability.
- Helping with unfamiliar paperwork. Your experienced Sales Representative can counsel you during negotiations, explain terms, and prepare the purchase contract for you. They, of course, will also assist you with the paperwork and myriad of steps necessary to reach a successful escrow closing.