With so many house-hunting resources available nowadays, it may seem like hiring a Realtor isn’t necessary. However, this is most certainly not true in the slightest, and here’s why.
- They know what they’re doing. They are experts at buying and selling homes, and are trained to understand and speak real estate jargon that’s vital to know for understanding the process of buying/selling a home. They also have the technology and resources to handle the forms, contracts, reports, disclosures, and anything else that they’re trained to handle. Realtors also know the best time to allot to handle each contract, inspection, etc. They know the areas you’ll be dealing with like the backs of their hands. They know the housing market/conditions, and comps for surrounding houses and neighborhoods (and their crime rates and school systems), and will know how to strategically use all that information.
- Realtor®s are licensed real estate salespeople who adhere to a strict code of ethics. Licensed agents aren’t held to as high of a standard.
- A Realtor has connections. They know so many people because they make it their business to. They can give you their list of preferred vendors, such as home staging companies, mortgage brokers, home movers, real estate attorneys, inspectors, etc. They also know other agents and Realtors who can take a look at homes they list, or can show them homes their clients are looking for.
- They have more resources. While it may seem that there’s an endless amount of websites available to search for homes, Realtors have even more websites and multiple listing services to search. They also have more places to market their listings; a good Realtor has a marketing plan that includes flyers, social media accounts specifically for his or her business, and more.
- They’re expert negotiators. They’re well-practiced at handling bidding wars, and know the psychology of a deal.
- A Realtor can handle a lot. There are a lot of variables of things that could change or go south in a deal. They are great at handling these curve balls that are thrown at them. They work long hours so that they can work with their clients’ off-hours. Realtors also know when to filter out “lookie-loos” (non-serious buyers.) They’re also there for emotionally you when you become overwhelmed by the process of buying or selling a home.