Real estate agents, like lawyers, get a lot of bad press. We assume they are there to take money from us. But that’s not right. If anything, this is a terrible example of stereotyping. If you look at it, a real estate agent representing a property management company can help you a lot and help you save money. If this surprises you, read on as we let you know how they can save you time and money.
Bound by a code of conduct
First, let us explain how safe you are with an agent, and not the other way around.
There is an association of real estate agents called NRA (National Realtors Association). However, not all agents are legally required to be its members, those who are committed to conducting their business transparently and honestly. In case of reprehensible act, the buyer can refer the agent to the association which, if necessary, can sanction the offender.
So you can approach the agent with an open mind and discuss whatever you want. He is there to guide you and make it a mutually beneficial relationship.
Now let’s see how real estate agents can help you save money.
They will save you time
And time, as they say, is money. Marketing and selling a property is a long and demanding job. It takes more than a few ads to sell your home. It would be better if you made yourself available to potential buyers all the time. And you’ll have a hard time doing it with your day job and everything. This is where a real estate agent would be of immense value as they will be dealing with clients on your behalf.
Negotiation is an art
And not everyone is a fan of this art. But guess who it is? Yes, you guessed it right, it’s the real estate agent. He knows it well because he has been doing it for so long, and it is above all his job. He knows the technical jargon, the points that
important, and those to emphasize and those that are not. He will bring them out like a chess player making his moves. He is much better equipped than you to deal with customers.
Familiarity with local laws and regulations
The property is not isolated. Different laws govern its existence, and many of them can be. Although a real estate agent is not a lawyer, he knows these rules because it is his job and he deals with them on a daily basis. It will tell you whether or not you can use your home for commercial activities or what permissions you need to make material and structural changes to the place. He can make a useful contribution on all these questions.
Know-how and market information
A property management company has access to multiple listings. Different people come to list their properties with them, hoping to sell them at full price. Although your information may be limited to a few classified sites or word of mouth, the agent knows everything. He can show you properties or find them buyers who meet their demands, preferences and needs. This makes the whole process easier and takes less time.
They will help you with the home inspection
Even a new house can have problems that you cannot see because it requires extensive knowledge and experience. Although of course you lack both, a real estate agent knows his stuff inside out. He can help you with your home inspection report a lot. He can also have the repairs carried out in no time and at a preferential rate because he knows the technicians who carry out such work.
Rely on real estate agent connections
A real estate agent knows several buyers and sellers. He is ideally placed to bring together the interests of the buyer and the seller. He knows which buyer would prefer which property. Such connections are useful when finding clients. There is no need to list your ad and wait for a response. Realtor links would do the job.
Proper pricing is the key to a quick sale
It is imperative that you demand a fair and equitable price for any property. Asking a price that may be unduly high will scare away buyers. Likewise, asking too low a price can mean a loss for you, and it can also make sellers suspicious. An agent can help you charge the right, competitive and acceptable price.
They will enhance your home without further
A real estate agent knows everything about your home; he also understands his faults. The same goes for location. He will be able to highlight all the positive aspects of the property and its location to its proper extent. It will also minimize the property and inconvenience of the place. He’s trained to do it, and that’s why people approach him.
Cancellation of uninterested buyers
When you deal with an agent, they will screen offers on your behalf. There will be many unqualified buyers who will be there just for that. They are not really buyers but want information and just ask for a price. The agent will sift through all offers and only deal with the ones they deem genuine.
Keep track of all documentation
Buying or selling a house is a complicated process and requires compliance with specific legal and regulatory provisions. It also involves preparing certain documents for record keeping and for submission to various agencies. A real estate agent knows all about this and will assist you in this regard. Click here for the terms and conditions of a house offer.
Here are some of the ways a real estate agent will benefit you if you hire them to sell the house. There can be many other benefits to working with the agent, but we’ve highlighted the most common and important ones that will also give you financial incentives.