As you embark on the process of buying or selling a home, you may consider whether a real estate agent is necessary. It can be easy to convince yourself that you understand enough about the process—and certainly about your home—to handle the transaction on your own. Especially with all of the new technology, social media platforms, and websites dedicated to real estate, it is understandable why everyone seemingly becomes a real estate expert when house hunting. Keep in mind, however, that real estate agents are just that, and you should use the knowledge and resources that they provide. Your home purchase is likely the largest single investment you will make, so you want it to be founded on accurate information and wise advice.
As one player in the real estate transaction process, Ohio Real Title understands the importance of working with a qualified agent to complete real estate transactions. We are a title company in Cleveland and also work in the Columbus market, and we rely heavily on our network of agents throughout the state to guide their clients to a successful closing with our help. Don’t just take our word for it, read on for the top reasons why you should always be represented by a realtor during a real estate transaction.
They’ve Done This Before
Even the latest technology and real estate websites cannot make up for the education and experience that a real estate agent brings to the process. While some transactions are straight-forward and hassle-free, many have twists and turns that only someone who “has seen it all” can navigate.
They are a Full-time Screener
Whether you’re a buyer or a seller, a real estate agent can help to screen those who are just curious or trying to sell you on something, and keep you focused on the end goal of a successful closing transaction.
Their Neighborhood Knowledge is Extensive
While you may feel like you really know the community or neighborhood in which you live or are seeking to live, there is a lot that goes into home values of which you may not be aware. A real estate agent can compile comparable sales in the area to ensure that you pay or receive a price for your home that will allow your investment to grow. While most certainly ensuring that you don’t pay too much for your home, the National Association of Realtors says that on average homes that are sold with a listing agent get nearly 22% more for the home than those sold by the owner.
They Deal in Facts Rather Than Emotions
Many people have strong emotional connections to their home, which can often play into the buying and selling process. A real estate agent can take the emotion out of pricing your home if you are putting it on the market, and base decisions on market supply and demand, the overall market conditions, and other data about the community and current economic climate. Moreover, an agent can help with negotiations as the potential sale proceeds, again removing the emotion and always putting your best interests first.
They Introduce You to Trusted Partners
A real estate transaction has many different parts, requiring the work of various professionals to get to a successful closing. Oftentimes a real estate agent has built connections with trusted partners that they can recommend to their clients. As a title company in Cleveland that also works in Columbus, Ohio Real Title relies on being part of a large network of realtors in both markets with a trusted high level of service, communication and resources. Because some of the services involved in real estate transactions are negotiable during the buying process, it is valuable to have a real estate agent who has aligned themselves with trusted partners to mitigate or eliminate some of the negotiations surrounding this piece of the agreement.
They Take Care of the Details
If you have ever bought or sold a home, you know that the amount of paperwork—and the detail involved—can be overwhelming. A real estate agent knows what is necessary, who to work with to get it done, and will ensure an error-free transaction. Since one mistake or omission could derail your closing, a real estate agent provides peace of mind.
They are Committed to a Continuing Relationship
Consider that referrals are a huge part of a real estate agent’s future business. It makes sense, then, that it is in their best interest to remain ready to help and be a trusted resource to you even after the closing is over. Whether it be tax issues, home warranty questions, or inquiries about the community, your real estate agent remains your best source of information.
At Ohio Real Title, we are proud to be a title company in both the Cleveland and Columbus markets who partners with a large number of real estate agents throughout the state of Ohio. Contact us today to find out why we are not your typical title company.