7 Ways Working With a Realtor Can Save You Money
People often think that working without a realtor will save money. However, not using a realtor could cost you money. Here are seven ways working with a realtor can save you money.
1- The Price is Right
Real estate agents know what it means to be competitive. They know how to price your house correctly for your area. Homes priced too high tend to sit for a long time. The longer they sit, the more costs they incur. At the same, a house priced too low could sell quickly and result in a loss of money.
2- A Network of People
When you work with a real estate agent, you benefit from an entire network of professionals. It takes many people to make a sale, including lawyers, inspectors, contractors, mortgage brokers, and more. Agents only recommended providers they trust and who offer competitive rates on their services.
3- Negotiation Experts
Whether you are buying or selling a property, the time will come when you will need to negotiate prices, repairs, and other contingencies. Not knowing how to negotiate could cost you money. For example, you could end up selling your home for less than you should have. As a buyer, you could spend more money buying a house than needed. Relators have experience in negotiations. It is their job to get you the best price possible.
4- Access to More Listings
People not working with a realtor are limited to a specific number of listings. Realtors; however, have access to listings that are not public. The only way to get the inside scoop on some perfect properties is to work with a realtor. The agent will work with your interests to find a property that meets your needs.
5- Marketing Strategies
Many homes sit for a while because sellers do not know the different marketing strategies realtors use to sell a house. For example, your realtor will know how to stage your home to attract buyers. They know about curb appeal and things you should do to make your home more appealing. Agents know how to take professional photos or videos, or at least they can recommend a photographer, so your listing will attract potential buyers. More and more buyers are turning to shopping online. Without the proper marketing techniques in place, buyers are not going to find your property.
6- Timing is Everything
It is the realtor’s job to study the housing trends. If you are in the market to buy a small falling home, they will have the knowledge to tell you when to start your search. The same goes if you are in the market to sell. Trying to sell or buy at the wrong time will cause frustration and cost you time and money.
7- The Legal Stuff
Negotiations are just a part of a real estate deal. There are contracts to sign and other transactions before the deal is complete. The paperwork can be overwhelming. It is your agent’s job to ensure you completely understand the offer. Your realtor will be by your side to ensure all agreed-upon terms are in the paperwork. It is also their job to ensure all parties adhere to the law.