At some point in almost every real estate transaction there comes a time when you may think you are better off without your real estate agent. The usual thought process is that you can save money and still do the job in a similar fashion. While this may sound good in theory it isn’t always the case. Real estate is something that most people feel they understand but there is a big difference between knowledge and application. Regardless of what side of the transaction you are on having a real estate agent on your side is worth its weight in gold. If you are deciding if a real estate agent is worth it here are a few of the top reasons why you should consider working with a professional.
Time. Finding the right property or attracting sellers takes much more time than you may think. A real estate agent puts hours of work in that you may never realize. Without a professional you can end up driving to properties that don’t fit the criteria you are looking for. If you are selling on your own you need to make yourself available every time someone wants to see the property. If you have a job that you cannot get away from during traditional work hours you will either lose potential buyers or spend most of your nights and weekends handling showings. Time is too valuable of an asset to spend it without getting a proper return.
Money. What you may think you are saving in commission you could be losing much more on your purchase or sales price. A good real estate agent is a seasoned negotiator that knows the market and how to get you the best possible deal. When you buy they will often save you thousands of dollars getting you the lowest price. When selling they know the best ways to advertise and promote your property to generate demand. The greater the demand the higher the sales price will go. Without demand you may end up taking the first reasonable offer that comes your way which it often much less than what you could have gotten with a real estate agent.
Execution. Time and money are great assets to have on your side but a real estate agent will also make sure you are protected at all times. Most buyers or sellers never even consider what is on their real estate contract. Without knowledge of the contract or the purchase process you open yourself up to getting taken advantage of. Even worse you may not have any legal recourse for your actions. A good real estate agent knows real estate law and how to structure a contract. They have your best interest in mind at all times and will fight to get your transaction to closing.
There are certain areas that using a professional makes the most sense. Working with a professional real estate agent has many more advantages than disadvantages. You may only have a few real estate transactions in your lifetime. You should leave them in the hands of a professional.