Real estate agents might seem irrelevant these days when other services exist to allow buyers and sellers to conduct their own transactions. However, it takes plenty of experience and a certain set of skills to navigate the real estate market, especially when negotiating deals and securing in-demand properties. Doing all the work with a service may suit your needs, but others simply don’t have the time to do the legwork required in real estate. For that reason and many others, there is still a significant need for real estate agents today, as detailed below.
Agents act as the liaison between buyers and sellers, which gives them access to many other properties. It’s also convenient for both buyers and sellers since the agent carries out most of the negotiating and paperwork (among other things) to process and eventually close the transaction. Imagine buying a property on your own and doing all the calls yourself. This can be especially difficult if you’re shopping for homes on sale by the owner. Selling a home would be challenging and time-consuming as well, especially if you’re always on the move and busy with your other responsibilities.
The Art of Negotiating
There’s an increasingly popular trend that direct transactions and negotiations between buyers and sellers are better for real estate since it promotes transparency and allows each party to protect their own interests. In many cases, this is true, but it’s more common to have buyers and sellers that disagree on terms. Such relationships aren’t always smooth sailing, so a mediator is very much appreciated in such situations.
This is where the real estate agent’s value really comes into play. What if you’re a seller with a couple of houses for sale in Owensboro, and the lone buyer you find insists on renovations you don’t agree with? You could also be a buyer that doesn’t agree with the seller’s price considering some parts of the house are in disarray, a sentiment that you can only fully express to your real estate agent. They communicate both parties’ concerns with practiced skill, acting as the middle man who won’t ruffle any feathers unnecessarily.
Contracts are a vital part of the home buying and selling process, and missing just one important clause can create a whole bunch of problems for you and the other party. Rather than guessing or doing your own research, rely on an experienced real estate agent. They produce agreements with standard conditions regularly, and they also fully understand when certain conditions should be used, when they can be removed, and how the contract can protect you during the entire process.
Saving Money Is a Luxury
Many people decide against hiring a real estate agent to save money, but it is also very unlikely that the buyers and sellers who coordinate directly will benefit from not paying commissions. However, unless both the buyer and seller agree to make a fair split on the savings, both can’t have the commission.
The Bottom Line
Selling your home without the help of an agent is definitely a possibility. However, you must be prepared to constantly work at it in addition to your other daily tasks and responsibilities. Even though services connecting owners and buyers make the entire home buying process more convenient, it still cannot replace the years of expertise that a real estate agent has built from their experience in the field. Having an experienced realtor on your side will save you the time and trouble of finding the best deals and negotiating with your counterparts to ensure a smooth and successful transaction.
At The Blake Hayden Group, we believe your success depends on the commitment of professional agents with the background and experience required for real estate transactions. Contact us today to enhance your real estate experience today!