Using Realtors

More and more, people are apparently thinking they can sell or buy a new home without using realtors. This is probably a result of the internet. This is also a big mistake.

Here are a few reasons why you should consider using realtors:

1. Save Time - How much time do you have on your hands? Real estate agents have knowledge which will save you lots of wheel-spinning and wasted trips. They will save research time as well. Ask about local schools, comparable properties, etc. and they will have the answers for you.

2. Experience – You might be able to identify a house on a particular street that is selling for $375,000. By using real estate agents, you will find out that houses on that street haven’t sold for more that $325,000.

An agent can tell you if the house had upgrades or not, and how long it’s been on the market. He/she will know about comparable houses on other streets that will sell for less.

3. Market Knowledge – Your buying or selling decisions will be governed by current market conditions. Realtors can give you access to information about average-dollars-per-square-foot of comparable houses, median or average sales prices, comparisons between listed prices and actual sold prices.

4. Pricing Help – You determine the price – not your broker. However, agents can provide guidance so that you can make the appropriate pricing decision. Once you’ve established a price, using realtors will help formulate a strategy based on supply, demand, and market conditions.

5. Networking – By using realtors, you will have access to a network of other real estate professionals. In addition to the obvious advantage of access to more information, your agent can provide a list of vendors which are competent, efficient, and competitively priced. By telling you who they have worked with in the past, your realtor can help you make good choices.

6. Negotiating – Real estate agents are removed from the emotional connections to price and property. They can therefore logically present their case with their client’s best interest in mind. In addition, realtors are bound to hold their client’s information confidential from competing interests.

7. Help With Bureaucracy – taxing authorities and other bureaucracies will be looking for information before, during and after your closing. Any questions that you or your attorney can’t answer, just continue using realtors.

A real estate agent’s success is based on referrals. Few agents would last very long if they always had to rely on finding new business. They definitely have lots of incentive to keep their clients happy.

They might make an effort to stay in touch after your business is concluded. If you were happy, and might need realtors again in the future, it could be mutually beneficial.

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If you have a question, or just want to discuss an issue with me, contact me about using realtors here.