WHY YOU SHOULD CONSIDER HIRING A REAL ESTATE AGENT
HIRE A PROFESSIONAL
Buying or selling a home is probably THE most important financial transaction you will make during your lifetime, Having a trained, experienced realtor who has the expertise is the logical and smart choice. After all, who would you consult if you had a heart condition… a cardiologist of course, because you want best there is. What if your child had a serious illness. You would of course seek out the best pAediatrician so your child would have the best possible care. Its no different when buying or selling a home.. leave it in the capable hands of the experienced and trained professionals.
Clients sometimes ask me why they need to hire a real estate agent when so much information is available on line. They think they could easily buy or sell their home through the internet or other marketing means on their own. Some do, but many don’t, and the ones that do often end up in bad situations. Lack of knowledge and expertise can create problems. One tiny mistake in the wording of the contract could land you in court or cost you thousands of dollars.
So if you’ve also wondered the same thing, here are 10 important reasons why you should hire a professional Real Estate Agent to represent you and your interests in the purchase or sale of probably the most important financial transaction you will make.
1. Education and Experience
It is true in these busy times and with our busy lives, we are all looking for more of that precious commodity … which seems to be becoming more and more precious. Hiring the professionals gives us that time. You don’t need to know about buying and selling real estate if you hire a real estate professional who does, and will relieve the stress. Henry Ford once said that when you hire people who are more knowledgeable that you are, it proves you are smarter than they are.
3. Agents act as Buffers
If you are selling your home, a real estate professional can pre-qualify a buyer before showing them your home. This is important so only qualified buyers are viewing your home. If you are buying a home, the real estate professional has access to all up to date listings of homes on the MLS service. This can quickly narrow down properties to show you that meet your specific requirements.
3. Knowledge of the Neighbourhood
Real Estate agents have access to a diverse data bank of knowledge pertaining to any specific neighbourhood, i.e. schools, shopping, transportation, places of worship, and other demographics. They either possess that knowledge from working in the area, or know where to find it for you.. They can identify comparable sales and provide these facts to you prior to submitting an offer to ensure you are paying fair market value, and not paying more than you should for a home.
4. Guidance with Pricing
Contrary to public opinion it is not the agent who sets pricing. It is the current market conditions that dictates pricing. An agent can, however, provide information to the Seller to assist them in selecting a price range. The listing price can then be based on similar homes in their neighbourhood that sold recently. In addition to location, the condition of the home plays a major factor in obtaining the highest sale amount. An updated home will naturally sell for more than one that has not been updated.
5. Market Conditions
Real Estate Agents have access to current market conditions and activities which they can share with you, which will govern your selling or buying process, i.e. median or average sales price, how many days on the market; ratio of list to sold price, are just a few. All these things will assist you in moving forward with the information you need to make an informed decision. Market conditions are ever changing, and most often are determined on the time of year you list your home for Sale. Generally the market is a little quieter around Christmas.. They are also quieter during the months of July and August. There are many factors involved to determine how you should proceed. Having a trained real estate professional can help guide you through this process.
6. Professional Networking
Real Estate Agents network with many other professional who can provide you with services you will need to buy or sell your home. We network with certified home inspectors, a mortgage agent, or a real estate lawyer. Real Estate agents can provide you with a list of these professionals who have a reputation for efficiency, competency and competitive pricing. You can then choose which professional you want to hire.
7. Confidentiality and Negotiating Skills
Real Estate Agents negotiate well because real estate agents can remove themselves from the emotional aspect of the transaction. They can remain objective and professional, and because they are skilled at what they do. Its part of their job. Real Estate agents are not messengers delivering buyer’s offers to sellers or vice versa. They are professionals who are trained to present their client’s case in the best possible light, while maintaining complete confidentiality from competing interests.
8. Processing Paperwork
A few years ago, real estate transactions required little paperwork. Agreements of Purchase and Sale can often run 5, 6 or 7 pages. In addition there may also be waivers and sometimes Amendments to the Agreement. The Federal Government implemented a mandatory statute in June, 2008. This was implemented to try and combat money laundering, Now each agent must see a form of photo identification from each client. This information is recorded and retained in the file. In addition a Receipt of Fund document is completed to record when the deposit was received and in what form. One of these forms completed incorrectly could result in the negation of a transaction or cause legal difficulties, and possible a law suit.
9. Education and Experience
In most scenarios, closings run very smoothly. In some cases cases where problems arise, your Real Estate Agent is there to assist you. They can point you in the right direction to get matters resolved. Sometimes questions arise after closing. An honest, Real Estate Agent will be there for you to answer any questions you may have that were overlooked..
10. Develop Relationship for Future Business
Providing a high level of service to clients gives real estate agents incentive to ensure their clients are happy and satisfied. This often leads to referrals. Referrals can be the livelihood for many agents. It also means that an agent who stays in the business will be there for you when you need to hire an agent in the future to handle your next real estate transaction. They will also be there for referrals to your friends and family.
I live and work in STREETSVILLE. Are you considering buying or selling, or know someone who is? Call me for a complimentary evaluation of your home in today’s ever changing market. (416) 717-6331 I love referrals!
Your STREETSVILLE Real Estate Agent, dedicated to providing outstanding client service to compliment my knowleDge and expertise.
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