1.Youâ€™ll have an expert to guide you through the process. Buying or selling a home usually requires disclosure forms, inspection reports, mortgage documents, insurance policies, deeds, and multi-page settlement statements. A knowledgeable expert will help you prepare the best deal, and avoid delays or costly mistakes.
2.Get objective information and opinions. Real estate agents can provide local community information on utilities, zoning, schools, and more. Theyâ€™ll also be able to provide objective information about each property. A professional will be able to help you answer these two important questions: Will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell?
3.Find the best property out there. Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your agent to find all available properties.
4.Benefit from their negotiating experience. There are many negotiating factors, including but not limited to price, financing, terms, date of possession, and inclusion or exclusion of repairs, furnishings, or equipment. In addition, the purchase agreement should provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required.
5.Property marketing power. Real estate doesnâ€™t sell due to advertising alone. In fact, a large share of real estate sales comes as the result of a practitionerâ€™s contacts through previous clients, referrals, friends, and family. When a property is marketed with the help of a real estate agent, you do not have to allow strangers into your home. Your agent will generally prescreen and accompany qualified prospects through your property.
6.Real estate has its own language. If you donâ€™t know a CMA from a PUD, you can understand why itâ€™s important to work with a professional who is immersed in the industry and knows the real estate language.
7.Real estate agents have done it before. Most people buy and sell only a few homes in a lifetime, usually with quite a few years in between each purchase. And even if youâ€™ve done it before, laws and regulations change. Real estate agents, on the other hand, handle hundreds of real estate transactions over the course of their career. Having an expert on your side is critical.
8.Buying and selling is emotional. A home often symbolizes family, rest, and security â€” itâ€™s not just four walls and a roof. Because of this, home buying and selling can be an emotional undertaking. And for most people, a home is the biggest purchase theyâ€™ll ever make. Having a concerned, but objective, third party helps you stay focused on both the emotional and financial issues most important to you.
Sometimes a little knowledge (or the thought that you have it) could be a dangerous thing, especially now with the internet.
A buyer was asked the same question you ask here said that he went directly to the listing agent because he (the listing agent) did not have to split his commission (he knew this much about how we cooperate with each other) and this will get him a better deal and position on the negotiations even knowing that that listing agent was working for the seller. A lot of us do our best to educate the consumer and some will listen and some will not bu tin my experience they will be much better off being represented.
I see a lot of problems where buyers do not understand "agency" thinking the listing agent works for them, where in fact their job is to sell you the home for the most amount of money, the seller is their client and the sellers best interest is represented by the listing agent.