Real estate is one of the most challenging markets to navigate, regardless of whether you are using it as an investment opportunity or shopping around for your future home. It is tough to figure out how to get the best deals and negotiate for the right prices without the help of a professional.
That is why it is essential to enlist the services of a real estate agent to assist in the process of purchasing a house. They understand the intricacies involved in the process of property transactions, and how to make that process much smoother.
If you remain unconvinced about what a real estate agent could do for your real estate transaction, read on. We are going to talk about some of the benefits a real estate agent comes with when it comes to such deals. Here are some of these benefits:
1. Their commission is well worth it
You might be considering selling your property yourself. Indeed, it can be tempting to sell a property without the commission of a real estate agent, but a 2017 study showed that owners who attempted to sell their properties themselves raked in roughly 30% less than owners who channeled their transactions through a real estate agent.
And even then, you are still likely to pay for the commission anyway, as buyers are more than likely to have agents of their own to handle their transactions. In real estate deals, the seller is responsible for putting up the commission, even if the agent was hired by the buyer. So why not choose your own real estate agent so you have better control over the pricing?
2. They can make the process less complicated for you
Whether you are buying or selling, the steps involved in the exchange and trade of properties are extensive and complicated. As of 2019, purchase averaged a length of almost ten pages. This does not even account for federal, state, and local government document requirements. Even the smallest mistake in these documents can result in great costs equivalent to that of a real estate commission.
An agent operating in your area is far more likely to be familiar with the paperwork and procedures than you are. Not only that, but they can educate you on the complexities of real estate contracts, insurance, and so on. After all, there is a reason why the real estate industry requires licenses of its agents.
3. Agents know what to watch out for
Unless you are a real estate developer or a long time real estate investor, you are unlikely to understand the market as well as a real estate agent. Such agents know what to watch out for, whether it is scouting for your future home, or scouting for potential buyers. They know what red flags to avoid, and what green flags to go for when thinking about this important financial venture in another person’s life.
They also likely have contacts to help with whatever you might need, from repairs to construction and everything in between.
Whether you are buying or selling, it is important to enlist the services of an expert in the field. Having the help of a real estate agent can improve your chances of making a valuable investment, and maintaining the value of that property.
And if you’ve finally decided to look for a Kentucky-based real estate agent to help you find your next home, send us at The Blake Hayden Group a message. We have the expertise to land you the best deals, and the best home.