What’s the value in hiring a real estate agent?
With the wealth of online resources dedicated to helping you search for a new home or sell the one you own, you might be wondering if you even need a real estate agent in the first place. However, you may want to consider why many homeowners choose to enlist the services of a real estate professional.
“A trusted real estate agent who comes recommended by others can increase your satisfaction with the process of buying a home in a number of important ways,” advises Craig Blanchard, a broker-owner with Royal LePage Atlantic Homestead in St. John’s, Newfoundland. Blanchard offers these considerations in determining the value your agent can provide:
There’s the internet, then there’s the “pipeline.” While a quick search on the web is a great place to start, you’ll want the inside track. A real estate professional will enhance your property search with a pipeline of properties. They, or others at their brokerage office, will also be aware of buyers who are looking within your area.
Opt for the guided tour. When you tour a landmark or attraction your experience is enriched by someone who is familiar with the location who can guide you. As a community expert, your real estate “guide” can provide insights on historical market values, culture, and attractions, as well as local resources relevant to your interests and needs.
A single point of contact. A real estate professional will help you determine how much house you can afford, alert you to potential risks, help you find resources, and negotiate the offer. Often a seemingly simple transaction can grow legally complex and risky. Again, this is where the pipeline comes in, as your agent can help you locate trusted legal counsel, home inspection services, surveyors, and lenders.
Negotiating: A real estate professional can help you objectively consider the offer you plan to put forth. They can recognize the various strategies of a selling agent, which may serve to drive up the price. They can also provide insights that can help you submit a competitive offer on a home you don’t want to lose.
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