Self-assured, thrifty home owners and buyers could be drawn to the FSBO (For Sale by Owner) process of
buying or
selling a home. Those who choose the FSBO road will experience a long, arduous, confusing and even irritating journey. Experienced real estate agents will guide you around legal roadblocks with their expertise in properly filing legal documents. Local real estate agents will make the home buying or selling process much more enjoyable.
The leading reason for hiring a local real estate agent is to have an expert who is obligated to put your best interests first. It’s called fiduciary duty, and it will be invaluable to you. Your financial information is exposed when buying or selling real estate. Fiduciary duty sets a high standard for privacy and confidentiality of your finances so you can move forward with confidence in buying or selling your home.
#1. Knowledge and Experience
A licensed real estate agent will possess the experience and knowledge in buying or selling a home that you may not. In the end, the real estate agent commissions you are avoiding with the FSBO process will not be as significant as you had hoped. A local real estate agent will save you more money in other areas by knowing the true value of properties, how to negotiate, and what to look out for.
Amazingly, a 2017 study revealed that FSBOs collected approximately 30% more for their owners than properties listed by a real estate agent.
Fiduciary duty makes it your local real estate agent’s responsibility to get you the best possible price for your home or to ensure that you get the best possible deal on the property you wish to buy.
#2. Agents Can Find What You’re Looking For
Sure, you know what to look for like how many bedrooms you need, how big the garage needs to be, and what kind of yard your children or pets would enjoy. You could seek out home listings with the features you are looking for; however, you will spend a lot of time, energy, and gas money looking for those properties. A local real estate agent will carefully listen to your needs and streamline your hunt by knowing exactly what’s available and directing you to the properties that closely fit your needs in the best locations. A realtor will know the demographics of the local neighborhoods and what the local schools are like, saving you a lot of research on these important factors. Also, with a licensed real estate agent, you will have inside info on listings that have not hit the market yet.
#3. Extensive Market Knowledge
The best real estate agent near you
will have extensive and current market value knowledge in the locations you are buying or selling real estate in. Your real estate agent will fully know all the aspects of the housing market and how the current trends (like unemployment rates) will affect mortgage interest rates. A realtor will know the average sale prices in a given area and what the average price per square foot will be in similar homes. Real estate associates know the history of local neighborhoods and which ones had the greatest increase in market value over the years.
#4. Agents Know How to Spot Potential Problems
Because a real estate agent will look out for your best interests, they have a keen eye to spot potential problems
which you many overlook.
A realtor will
check out things like the condition of the HVAC or roofing systems. Your real estate agent will identify mold or termite issues that are easily overlooked and could end up costing you a bunch if not discovered before the sale.
#5. Provide Valuable Pricing Guidance
Whether buying or selling a home, the best real estate agent will provide valuable pricing guidance. Homeowners wishing to sell their home may think they know how much their home is worth and will naturally want to get as much as possible for their home, in turn; they overestimate their home’s value. On the other hand, it is also easy to underestimate the value of a home.
A realtor will perform a real estate market analysis, for pricing guidance in setting a floor price, ceiling price and price range to work within.
Search for Your Dream Home with the Top Real Estate Agency
Search for your dream home with the top real estate agency serving both communities in Paris and Camden TN. Our local real estate agents will guide you every step of the way in
buying or selling your home for the best outcome. Your satisfaction and happiness is our main focus as we are dedicated to looking out for your best interests.
