Over the years, the real estate industry has witnessed a boom which has created both jobs and revenue. Currently, it is estimated that there are over 1.3 million real estate agents in the USA; this is according to Statista. Though realtors get a commission for every sale they make, their services are primarily unmatched. Here are four reasons why it is worthwhile to seek the services of a real estate agent.
An agent is more informed on current market conditions
An agent’s day to day job involves understanding and learning the market trends. Before buying or selling an agent has more resources to investigate the various prices for nearby properties. If you are looking to sell your home, an agent is better poised to advise on what price you should expect. Also, he/she can advise you on what to do if you wish to get the maximum amount for your home. Additionally, an agent is better placed to estimate the price of a home depending on several political and social decisions that engulf your location.
Realtors are more experienced in negotiating
The most significant advantage of having a realtor take care of your house hunt is that you will get a better price when compared to you negotiating. Ignore the scary voice that real estate agent Olathe KS are not to be trusted. In fact, there is a higher chance that if you decide to buy a home by yourself, you risk paying more than the real price of the house. Also, most sellers force the buyer to incur more expenses since they will be required to contract an inspector to check for repairs. With a real estate agent, the seller may be forced to seek the services of an inspector, and if not so, you may enjoy a reduced price due to the maintenance check.
Technical knowledge on contracts
According to Forbes, contracts can be tough to handle. The various jargons used in the bulk papers may pass you, and in case of any displeasure, it may come to bite you back. There are several contracts which can serve as a shield in case you get cold feet when buying or selling a home. For instance, there is the purchase contract; this is helpful in the fact that you can back out of a contract with much repercussions.
An example is when you fail to finance a house after making a deposit. This may cause you to lose your deposit, and it also opens a channel where you can be sued. An ideal realtor has the technical knowledge and is aware which clause will apply where.
An agent has better networks
One rule that makes a real estate agent successful is the fact that he/she considers relationships first before money. Over time, he/she can build a network of individuals who in one way or another helps a buyer or seller. For instance, in most cases, realtors know various individuals such as mortgage lenders, inspectors and sellers. Out of those individuals, he/she is aware of who is the real deal and who is a scam.