Here are several reason why groups like the National Association of Realtors®, and Forbes think is a good idea to hire a real estate agent:
1. A real estate agent’s full-time job is to act as a liaison between buyers, sellers, and other industry professionals. This means that he or she will have more access to other properties listed by other agents. Both the buyer’s and seller’s agent know what needs to be done to complete a successful transaction. For example, if you are looking to buy a home, a real estate agent will track down homes that meet your criteria, get in touch with sellers’ agents, and make appointments for you to view the homes. An agent can get you info about homes you may not know about, help make sure you’re getting a good deal based on comparable sales, and negotiate on your behalf. Today much of the home searching is done through industry specific apps that only licensed agents have access to. Otherwise, you will have to play this telephone tag with home owners and agents yourself. This may be especially difficult if you’re shopping for homes that are for sale by owner.
If you are looking to sell your home yourself, you will have to take calls from interested parties, handle the showings yourself, and make sure you are adhering to state, local, and federal laws. Keep in mind that potential buyers are likely to move on if you tend to be busy or don’t respond quickly enough. Alternatively, you may find yourself making an appointment and rushing home, only to find that no one shows up. In addition, many agents won’t work with, (or bring a buyer) to a for sale by owner, because they know the home owner doesn’t have all the right tools, and they’ll have to do both sides of the transaction.
87% of home buyers purchased their home through a real estate agent.
2. Contracts can be very difficult and confusing. Buying a home usually requires dozens of forms, reports, disclosures, and other technical documents. A knowledgeable expert will help you prepare the best deal, and avoid delays or costly mistakes. Also, there’s a lot of jargon involved, so you want to work with a professional who can speak the language.
An experienced real estate agent deals with the same contracts and conditions on a regular basis, and is familiar with which forms should be used, and how to use the contract to protect you, whether you’re buying or selling your home.
3. Negotiating can be tricky. This is where you really want an experienced agent. Many people don’t like the idea of doing a real estate deal through an agent and feel that direct negotiation between buyers and sellers is more transparent and allows the parties to better look after their own best interests. Unfortunately, this isn’t always an easy relationship.
A real estate agent can also play the “bad guy” in a transaction, preventing a bad relationship between a buyer and seller that can kill a deal. An agent can help by speaking for you through the transaction and smoothing things over to keep them from getting too personal. This can put you in a better position to get the house you want. The same is true for the seller, who can benefit from a good real estate agent who will represent their interests without turning off potential buyers who want to negotiate the price.
4. Ethical treatment. Every REALTOR® must adhere to a strict code of ethics, which is based on professionalism and protection of the public. As a REALTOR®’s client, you can expect honest and ethical treatment in all transaction-related matters. The first obligation is to you, the client.
They also know a lot about the area and houses. They can provide objective information and opinions. REALTORS® can provide local information on utilities, zoning, schools, and more. They also have objective information about each property. REALTORs® can use that data to help you determine if the property has what you need. By understanding both your needs and search area, they can also point out neighborhoods and homes you don’t know much about but that might fit your needs.
Contact us today to schedule an appointment to discuss your needs!
Above All Real Estate knows the Oklahoma City Real Estate Market and can help you find the perfect home.