If you want to buy or sell a home, or both, you may be on the fence about using the services of a real estate agent. If you are buying a home, you may think you can find the right home without an agent. On the other hand, if you want to sell, it can be difficult to fork over a commission to a real estate agent. However, there are many situations where hiring a real estate agent works in your favor. Here's what to know.
They Know The Market Better Than You
Whether you are buying or selling, a real estate agent knows the local real estate market better than you do, and that knowledge will come in handy. For example, finding a suitable property to make an offer on can be challenging, especially in a fast-moving real estate market. However, a realtor can easily find properties in your price range and desired area. If you are selling, your real estate agent can help you come up with an attractive listing price.
They Can Help You Sell For More
Real estate commissions vary depending on the agent and the sale, but no matter how much they charge, it's essential to know that your home will usually sell for more when a realtor lists it. In most cases, homes listed as for sale by the owner sell for less than those listed by a real estate agent. While a real estate agent usually charges a 5 or 6 percent commission, they tend to make up for it by selling your home for more.
They Do A Lot Of Work For You
Another thing to know about using a real estate agent is that they do a lot of the work of buying or selling a home for you. Searching through listings can be tiresome if you are looking to buy, but an agent will find suitable properties for you to view. Selling a home requires marketing, showing, and other work, but when your hire a real estate agent, they tackle a lot of this work for you.
There are a few things to know about using a real estate agent. First, real estate agents have the knowledge to navigate the local real estate market effectively. Second, a real estate agent can help you get more for your home if you are selling. Finally, a realtor will do a lot of the tiresome work of buying or selling for you.