The real estate market is hot, and you may be considering putting your house on the market, or maybe you are setting out on a house hunting mission of your own. And, be honest, you have probably asked yourself whether a real estate agent is really necessary.
With all of the new technology, social media platforms, and websites dedicated to real estate, 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. Keep in mind, however, that real estate agents are experts in the field and can provide knowledge and resources that you likely do not have access to otherwise.
While we could go on and on about the reasons that you should work with a realtor for your real estate transaction, here are our six top reasons:
#1 – Their Expertise is Invaluable
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.
#2 – You’re Likely to Net More Money
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. Particularly in a hot seller’s market, an agent may be able to help you net more on your bottom line. According to the National Association of Realtors (NAR), the difference can be 40% or more.
#3 – Selling on Your Own Can Be Legally Difficult
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.
#4 – Negotiating Can Be Complex
Any time you buy or sell a home, you’re going to encounter negotiations—and as today’s housing market heats up, those negotiations are more likely than ever to get a little heated. From negotiating the price to repairs and determining a possession date, a real estate professional will look at the transaction from your perspective. The result will be a purchase agreement that meets your needs and allows you to do due diligence before you’re bound to the purchase.
#5 – They Deal In Facts Over Emotions
Many people have strong emotional connections to their home, which can often play into the buying and selling process. Having a concerned, but objective, third party helps you stay focused on the issues most important to you when emotions threaten to sink an otherwise sound transaction.
#6 – They Have a Network of 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.
At Ohio Real Title, we take the trust that our partners put in us very seriously. We have a relaxed culture with an open door policy. We love what we do, and we’re really good at it, and we think that is important because everyone deserves an easy, successful transaction during a stressful time. Contact us today if we can help you bring your clients’ transactions to a successful close.