Are you thinking about buying or selling a house? Have you thought long and hard about all of the obstacles you will have to overcome in the process and who you would like guiding you on this treacherous journey full of potential financial pitfalls? Well, if you were thinking that you could go at it alone, let us help dissuade you from costing yourself tens of thousands of dollars in the long-term. Whether you are buying or selling a home, it can be quite a journey. You need an experienced real estate professional to lead you to your ultimate goal. Most in today’s world of instant gratification and internet searches believe that they can do it all by themselves. Here are 5 reasons you should hire a professional:
Paperwork: What do you do with it all?
Each state has different rules and regulations regarding the contracts required for a successful real estate transaction, and these regulations are constantly changing at a rapid pace. A true real estate professional is an expert in not only their market but those markets around them and can guide you through the stacks of paperwork necessary to make your dream a reality. In short, an agent takes the guesswork out of the paperwork.
Found: Dream house…now what?
According to the Orlando Regional REALTOR Association, there are over 230 possible actions that need to take place during every successful real estate transaction. Can you name them all? Can you even name 50 of them? It would behoove you to have someone who has been there before and who knows what these actions are and how to navigate you through them with ease.
Negotiator: How good are you?
Really, how good are you at negotiating? If you are only going to be negotiating with the buyer/seller then you are in for a very big surprise. Once you look at the list of all of the parties you need to be prepared to negotiate with you see the true value of a real estate professional. Ranging from the buyer/seller (who wants the best possible deal) and home inspection companies, to the appraiser and bank, there are at least 11 different people/entities that you will have to negotiate with.
Worth: What is the true value of your home?
This is tricky for those who do not understand market conditions. As a seller it is very important for your home to be priced correctly from the start to attract the right buyers and shorten the time that your home sits on the market. You need someone who is not emotionally connected to your home to give you the truth about the true value of your home. If you are a buyer then you want someone in your corner that will keep you from buying an overpriced home and costing you more than you care to count. Get the most out of your transaction by hiring a professional.
Market: What’s really going on?
Understanding the market is something that can take years of experience to master. Any real estate professional worth their salt will not only understand the market but will be able to explain it to you in terms that are easy for you to digest. It is not enough to know how the market currently exists, you must know where the market is headed in order to avoid selling too early or buying at the height of a real estate bubble (hello 2007).
If you still think you can handle the task of buying/selling a home without a real estate professional go with our blessing. But, remember that a quality agent will always save/make you more money than they charge in commission and who doesn’t like that?