Why Hire A Realtor
With so much data promptly accessible on the web, customers in some cases ask me, “For what reasons should we hire a real estate agent?” While eliminating an agent’s commission – 6% of the sale price, on average sounds highly tempting. Here are 10 reasons why to resist.
01 Realtor Education and Experience
There is a reason nearly 90% of sellers use a listing agent. You do not have to know everything involved in buying and selling real estate in Houston, Texas if your professional real estate agent does. A real estate agent uses their education and experience to set the right price so buyers come through the front door. So why would you not hire a real estate agent that can bring the education and experience? The real key to this is finding the right real estate agent. Real Estate agents are not equal.
According to the National Association of Realtors (NAR)
According to the statistics from the National Association of Realtors (NAR) “the typical home sold for $249,0000 with an agent-assisted home sale compared to $190,000 with a typical FSBO home sale. That is a whopping $59,000 difference selling with an agent-assisted compared to an FSBO (For Sale By Owner) sale.
02 Realtor Neighborhood Knowledge
Real estate agents possess knowledge about neighborhoods or can find all the hot spots with a few minutes of research. An agent will identify comparable sales and gives you the facts. Relying on the different free sites may or may not use the best comparable’s for your home. For example, you may know that a home down the street was on the market for $250,000, but a real estate agent knows the condition and if the property sold for 225,000 after 90 days on the market.
03 Realtor Price Guidance
This is one of the most important parts of selling real estate. Most people believe, real estate agents set the price which is completely incorrect. Agents review the current market data and help guide clients to make the right decision for themselves. Based on the current market conditions and inventory an agent will devise a marketing strategy for your home. A real estate agent’s whole objective is to generate the most amount of traffic and so the seller will get the highest price. So, hiring a professional Realtor for selling your home could put extra money into your pocket.
04 Realtor Negotiation Skills and Confidentiality
One of the most common things about negotiation is allowing emotion into the transaction. Top producing agents will always negotiate better than buyers and sellers due to the emotional aspect. Also, people believe agents are like messengers, delivering buyer offers to sellers. A professional real estate agent has taken an oath to always put their client’s interests first while holding information confidential and will negotiate in the client’s best interest.
05 Realtor Professional Networking
Hiring a professional Realtor for selling your home could put extra money into the seller’s pocket. You could walk away with tens of thousands of dollars more in your pocket. It just takes selecting the right Realtor.
“A lot of people who are selling right now are doing so because they’re changing jobs or changing lifestyles and they’re selling by owner because they know it’s going to immediately save them 5-6 percent on commission costs, “says Eric Mangan, a spokesman for ForSaleByOwner.com, a sell-by-owner listing service.“ In today’s market, where prices have increased by double digits in some cases, the cost of not using a realtor could be costly.
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