Posted by: frankvalente | September 7, 2010

5 Reasons You Still Need a Real Estate Agent

5 Reasons You Still Need a Real-Estate Agent You may think that buying or selling on your own will save you money, but it could end up costing you more money. While you may save the significant cost of commission that real estate agents command, buying or selling your home is a major financial and emotional task. Below are 5 reasons why you should consider using a real estate agent. 1) Better access/convenience: The real estate agent’s job is to act as a liaison between the buyers and sellers. The real estate agent will have access to other properties listed that meet your criteria. If you are selling your home, the real estate agent will solicit the calls from interested buyers. 2) Negotiating is tricky business: You can express your dislikes to the real estate agent regarding the color of the walls and carpet or décor, then let the real estate agent convey your concerns and negotiate a discount without ruffling the seller’s feathers. Let the real estate agent play the “bad guy”. Sellers can reject an offer for any reason, including just because they do not like their decorating talents or lack of. 3) Contracts: The Offer-to Purchase Contract is there to protect you and ensure that you are able to back out of the deal if certain conditions are not met. You could loose your deposit and be even be sued by the seller for failing to fulfill your end of the contract if when buying a home with a mortgage you fail to make financing one of the conditions of the sale and you are not approved for the mortgage. Real estate agents work with contracts and conditions on a regular basis and are familiar with which conditions should be used. 4) Real estate agents are not to lie: Because they are licensed professionals, there are repercussions if they do not tell the truth. If you are working with a licensed agent under an agency agreement, such as a conventional full service commission agreement in which the agent agrees to represent you, the agent will be bound by law to a fiduciary relationship. 5) Not everyone saves money: Many people avoid using a real estate agent in order to save money, but it is unlikely that both the buyer and seller will reap the benefits of not have to pay commissions. While there are those people who are qualified to sell their own homes, websites suggest the process is not as simple as many people assume. When you get into a difficult situation, it can really pay to have a professional on your side.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Connecting to %s

Categories

Follow

Get every new post delivered to your Inbox.