When it comes to real estate, buyers and sellers are on different sides of the fence. The goal to be achieved by both parties are typically the opposite. But at the end of the day, both of them want a sale.
It is precise because of this reason that a real estate agent can assist both of them. Read along to find out more about the importance of a real estate agent and why you should hire one.
Money matters
It is not uncommon for homeowners to choose FSBO or for sale by owner when you are putting up the on-sale board for your house. Your goal is to acquire as much money as possible and for you, not paying the commission of a realtor means extra money. However the studies reveal a different scenario. Properties that have been listed by realtors fetch 30% more than the properties listed by FSBOs.
In any case, your buyer is represented as an agent, you are bound to pay the agent’s commission. It is a part of the deal. Using an agent means your seller will pay for the commission. Although there is a tiny possibility of the seller refusing, you can always check out Mannivakkam land for sale. The condition however will be largely dictated by the kind of market you are stepping into- a buyers’ market or a sellers’ market. This will also determine who has the upper hand in sales.
Keen attention to details
It is not unfair to consider yourself capable of handling a real estate deal without any help. But when it comes to reviewing all the documents involved in the deal, you need someone who has a sound understanding of real estate, irrespective of what you are buying or selling. The sheer amount of paperwork that one has to go through along with all the legal documentation process is overwhelming. Moreover, the rules of real estate vary from one state to another which makes it more difficult to remember key details.
But your realtor will be more than familiar with the requirements of a real estate deal. For example, looking for CMDA approved plots for sale in Mannivakkam or TVH plots in Mannivakkam Moreover, as a buyer, you will always have our focus on saving money. When you make an offer on a particular property, you will not be able to purchase it without securing the finances. Now when the agreement is being drafted, there won’t be any escape hatch that can protect you in case the financing does not work out.
Having a real estate agent can work as a buffer as he or she will review the contracts you sign to stay away from such unpleasant situations.
Privacy, confidentiality and duty towards the client
Whenever you are hiring a real estate agent, he or she will have your back. Irrespective of you being a buyer or a seller. It is their responsibility and legal obligation to look out for the client’s best interest before anything else.
It is because of this responsibility and legal obligation, real estate agents are to follow a high standard of confidentiality. Under no circumstances would any buyer want to risk their financial details by revealing it to an FSBO seller who does not fall under these legal obligations that require them to keep this information private and confidential.
A real estate agent knows what he or she should look for
When you are going to buy a house, you step into the market with a very clear idea of what you are looking for in a property. The number of bedrooms, a garage, location, and so on. You are confident in your research and know that this is all that matters.
The reality is however a little different. Your real estate agent will point out all the issues in a Manivakkam land for sale that might not cross your minds such as termite and other insect issues you might have to invest into right before you invest in your new house. He or she will also know how to approach such issues with their knowledge and experience in their respective fields. In many cases, you might even decide not to move forward with a deal because repairs cost more than the property itself.
Agents also have a great understanding of the comparative market which will be beneficial to you since you will be able to compare properties. Depending on your request, an agent is also capable of handing over carefully researched data that contains the demographics of a locality of your choice, its crime rate, school availability and many such important factors. This requires a lot of research that is extremely time-consuming if you consider doing it all by yourself.
Excellent negotiation skills
Any real estate agent will not be a good agent with his or her negotiation skills. Remember the legal responsibility that they have towards you? This is where it comes to action. It is the work of your agent to provide you with the best possible deal for the house you are buying or the best price for the property you are trying to sell.
Agents are trained to negotiate. Seasoned realtors also have years of experience that has taught them how to negotiate prices of Mannivakkam land on sale. Moreover, they have no emotional stakes in the property which allows them to think clearly.
The real estate market is complex and takes years of experience and expertise to nail deals and walk away with a profit. Hence, if you are stepping into the game, don’t shy away from hiring a realtor!
