If you are looking to buy or sell your home, you may be thinking that it is more worth it to try and do it on your own. Many people may be tempted to try this process independently in order to save on commission fees. This, however, is not recommended at all. There are many things that realtors can do for you to ensure that you get the best deal possible. Real estate agents exist for a reason and are there to help walk you through the process. They have the experience, skills, and knowledge to represent you and to make the process as smooth as possible. Here are some of the top things that a real estate agent can do, that you cannot.
1) Real Estate Agents Can Look At Comps
One of the most widely used terms in the real estate market is “comps.” This typically refers to comparative market analysis. Whether you are looking to buy or sell a home you want to know what other homes in the area are selling for. This can help you determine how much you should spend on a home or how much you should list your home for.
A real estate agent has access to every home that has been sold recently and are able to look up all of the statistics about each home. They can use this information to generate a comp for both buyers and sellers. This will help you determine the best possible price to buy or sell for.
2) Real Estate Agents Give You Honest Feedback
If you are looking to sell your home, you may think your home is worth a lot more than what most people would buy. Most people think their home is worth more, simply because it is their home. Many homeowners are unable to recognize the parts of their homes that need improvements.
Real estate agents will walk through your home and give you honest feedback about what they think. While homeowners may not like the news they hear, they are likely able to appreciate the feedback. If real estate agents give honest feedback, the homeowners can make improvements to their home before listing it and this can help them sell their home for more.
3) Negotiation Skills
One of the main reasons why a buyer or seller may want to hire a real estate agent is that they often have great negotiation skills. The negotiation skills that a real estate agent has can often help you save thousands of dollars. They may be able to negotiate on price, closing timeline, repairs, or more. Try finding a real estate agent that you believe has great negotiation skills and can help you save more money.
4) Better Leads
Oftentimes, real estate agents have insider knowledge about what homes are going to be listed for sale before they actually hit the market. This can help buyers get a first look on a property and get an offer in before anyone else. This means that you can get a competitive offer in and start the negotiation process in a hot market before any other buyers have a chance to walk the property.