9 benefits of using a real estate broker to sell or buy a property
In the times of online real estate portals , many home buyers/sellers assume that deals can happen without hiring a real estate broker. The reality is that 99% of real estate deals happen only through a broker ! It always make sense to hire a professional real estate broker for any real estate deal. Following are 9 benefits of using a real estate broker to sell or buy a property.
1. Pricing expertise : Most Real Estate Brokers can set a price on a property the minute they walk through the door. If they have a lot of experience in a market, they know how well a neighborhood holds its value, too. While anyone can spend a few minutes online and pull information on sales of comparable houses, real estate Broker have the experience to know whether a specific house is overpriced or underpriced. They can also bring assets to the deal that come from years of watching waves of transactions in the neighborhood.
2. Finding Available Homes : Though most homes for sale are widely available for buyers to assess on real estate portals , in some cases, sellers don't want the fact that they're selling to be widely publicized. In those cases, only the real estate Brokers know the houses are for sale.
3. Tackling the Paperwork : If you've ever bought a house, you've probably dedicated a full shelf somewhere to the documents that were involved in the transaction. These probably include the written offer, the written and signed counteroffer, the little details (like specific repairs) and what exactly was and was not included in the sale. The paperwork can be tiresome.This is when a good real Broker can save the day. Often, these offers and counteroffers are limited by a time frame.
4. The ‘Purple Room’ Phenomenon : In a more general way, a Broker will be aware of features that don't show as well on the Internet. If a buyer is looking for a house with a space that could be used as an office, an attached mother-in-law unit or a room that's perfect for showing off a prized grandfather clock, a human agent is more likely to find a match than a real estate Web site.
5. Unemotional Negotiation : The best way to make a deal is to look for the positive part of every offer and counteroffer, and never let the other party see you make a sour face. Often, the most effective way to do that is to present the face that's doing business -- not your own.
6. Complex , ever-changing real estate regulations : Buying or selling a home is not like purchasing a plane ticket. Every home is different, and laws change every year and vary from state to state. By the same token, if you want to build a fence in the backyard or add a bedroom, an agent should be able to make sure you're buying a property where the city allows it.
7. Thorough Record Keeping : While you may (and should) keep files yourself, you can count on your Broker to keep that information organized and safeguarded should trouble crop up with the property in years to come. You'll also be able to contact your Broker at any time in the coming years should you have questions about the property yourself.
8. Avoid closing problems : When a sale nears closing, all kind of pitfalls can kill the deal in the final hours. A real estate Broker knows to watch for trouble before it's too late. For example, the title of the house may not be clear -- some long-lost relative might be listed on the title who hasn't signed off on the sale. Or maybe the lender is causing a problem by not meeting the timeline on financing.
9. Connections : Real estate Brokers have connections in the market that benefit buyer and seller. Brokers work with many people involved in the real estate transaction process, including loan officers, home inspectors and attorneys. If you have a problem or need a service, your Broker has the contacts necessary to help you immediately.
Are you buying or selling a property ? Find the best real estate broker here.