When thinking about buying or selling a home, some consider taking the job into their own hands or using online services that aid sellers and homebuyers in carrying out the real estate transaction to the finish line. The main reason being – to save more money.
Doing the job on your own could potentially save you money but the truth of the matter is, you won’t be saving a lot. Worst-case scenario – you may end up losing more than the cost of a realtor’s commission. Going it on your own means that YOU must deal with all the work that comes along with your transaction. It’s important to know some of the reasons why homebuyers and sellers should care about real estate transactions being handled by the professionals.
Negotiating Should Be Handled with Care
For many, buying or selling a home is a momentous transaction. For many, a home is one of the most expensive purchases you might make in your lifetime and selling the home that you bought with your hard-earned money can be emotional. With that said, real estate transactions should be left to a professional who can detach themselves from the sentimental part of negotiation and who is skillful enough to carry out the task. A real estate professional’s #1 job is to make sure they protect your best interest so that you can be confident that you are not at the losing end of the deal.
Contracts Can Be Complex
Preparing a contract on your own in a real estate transaction, without insider real estate experience or knowledge can be extremely time consuming and confusing. If not handled correctly, you might even end up putting yourself at financial risk. The most intimidating part of it all is the potential of being legally liable for steps you failed to take or unintended verbal agreements you might have made outside of the terms of the written contract through casual conversation. Also, the paperwork associated with real estate transaction can be daunting. Real Estate agents are experts and it is their responsibility to ensure contracts are executed properly and legally to protect your best interest. Your real estate agentl will be your liaison through the whole transaction and s/he is backed by a broker and both are equipped with training, experience and credentials, so that you can be confident that your sale or purchase is being handled professionally.
Who Doesn’t Want Convenience?
Whether you are buying or selling a home, real estate agents have the knowledge, skills and expertise needed to handle a successful real estate transaction, which in turn allows you to work and stress less throughout the whole process. When you are looking for that perfect home, your agent will spend hours combing through the MLS and networking with other agents, asking if they have any listings not yet on the market to find the perfect home for you. When selling a home, your agent will do the work for you – from marketing, making appointments, showings, negotiating offers, scheduling inspections and appraisals, handling contracts and all the paper work that comes along with it. Just imagine the workload, time and effort taken off your hands!