June 2, 2018
Consumers benefit from the services of a qualified and knowledgeable realtor when it is time to buy or sell a home. As tempting as it may be to want to save money by not paying a real estate commission, there are important reasons you should reconsider that decision. While real estate commissions amount to a substantial amount of money, a professional realtor easily justifies the commission charged.
The three reasons below provide excellent justification for hiring a realtor.
1. Negotiation Skills Will Make or Save You Money.
Realtors with experience know how to negotiate. This may be the most important task a realtor does on your behalf. The NY Times sums this up by saying that a good realtor can help you navigate this emotionally charged transaction where there is a lot of money at stake.
2. Realtors Understand the Sales Contract and Will Represent You for a Better Deal.
Let’s face it. A realtor can act on your behalf, guiding you in the right direction so you will come out on top financially. The Chicago Tribune reminds buyers that a veteran realtor knows how to evaluate a sales contract and how to modify it in your favor when necessary. The sales contract is complicated and requires a professional with experience to review it to be sure it works for you. Knowing what to expect and how to review the contract looking for possible problems is an invaluable service offered by realtors.
3. Realtors Have Important Connections You Need.
Buying or selling a house involves a lot of people. Being in the know about who can be trusted to inspect your home, repair it, originate the loan, close the loan and many other things is an important reason to hire a realtor. They work with professionals they know they can trust. Since the realtor’s livelihood depends on the efficiency of their network, realtors can be trusted to know the best contacts who will get things done.
Too many homebuyers or sellers have suffered from getting hooked up with a bad loan officer that could not deliver the loan, an inspector that missed a major repair, and a handyman that did a substandard job repairing the house. If you hire a seasoned realtor, you should be safe from these types of disasters. The old saying about it all being about who you know is true.
It never makes sense to go it alone when contemplating a major transaction, when you can hire a professional. A seasoned realtor will help you stack the odds in your favor for a smooth transaction. With so much money at risk, it is always smart to have an experienced realtor on your side.