When you purchase or sell your next home, determining whether or not to use a real estate agent is a question that you may have asked yourself in the past. If you’re not sure if using a real estate agent will be helpful, maybe this article might help. Checkout Rancho Cucamonga real estate agent for more info. The 2011 profile of homebuyers and sellers produced and distributed by the National Association of Realtors reveals that only 10% of home sales were accounted for by For Sale By Owners (FSBO’s). The FSBO average listing also sold for $150,000, while $215,000 was sold by the average real estate agent supported property. While many people believe that by selling their own house, they can save time and money, this is often not the case. Usually, they also don’t always appreciate the trials that come with selling their FSBO house. The Homebuyers and Sellers Profile reveals that the toughest tasks for an FSBO are:
Understanding the housing market and listing the correct price for their house.
Understanding the paperwork involved and filling it out correctly.
Having enough time for all facets of the sale to be dedicated. This will be selling the house, explaining the home, responding to home phone calls and emails, etc.
Determining whether they should spend additional cash to plan or repair the home or not.
Under a certain time period, sell the house.
Usually, purchasing or selling a house is the biggest investment most individuals can make in their lives. A real estate agent will help protect your interests and potentially save you a considerable amount of money, whether you’re buying a new home or selling your current home. For both the home buyer and the seller, we have compiled a list of advantages.
Reasons for using a real estate agent when buying a home
- Usually, a home buyer is not expected to pay the real estate agent. If a real estate agent represents a home buyer in a home transaction, the purchaser of the home pays the fee received by that agent. From the purchase price, the commission is taken out.
- The Multiple Listing Service (MLS) is accessed by real estate agents. The MLS provides the real estate agent with the most up-to-date details on homes that are for sale in your city.
- Agents have experience of the territory. In the places you are looking to buy, a real estate agent should be able to tell you about the community, schools, activities, recreational areas, etc. that are available.
- Agents know how to bargain on your behalf with the seller. It can also be very hard to negotiate the price of a property. It is not unusual to ask for closing costs to be charged, repairs to be made home warranties, or inspections in today’s market. Property agents are also able to negotiate household products such as washers/dryers, refrigerators, or furniture for the selling of the property. The role of your real estate agents is to ensure that you get the best price.
- Agents keep keeping the deal going. You will have a number of tasks that need to be done in a short period of time once your bid has been accepted. Your agent will help you keep track of all the tasks involved in the purchasing process and orchestrate them.