Finding your perfect home or condo it s challenge and having the help of an expert can save you money.Should I use a Realtor, or should I do it myself? This is one of the most common questions that run through the minds of homeowners when they decide on buying or selling their homes.
The Difference Between Using A Realtor And Going Solo
However conflicting this might be, there is always a viable solution, and it depends on a couple of factors. This is here to help home sellers and buyers like you who are in a dilemma and hopefully, you can be able to make an informed decision. We will take a look at both sides of the coin, the pros, and cons of using a realtor against doing the job yourself. So, buckle up!
Using A Realtor, Is It The Best Option?
Also known as real estate agent, a realtor is simply an agent for the sale or purchase of a home, commercial building, or even land. Simply put, a Realtor is the person who will be doing all the dirty work for you. They will list your home accordingly, contact potential buyers of you are selling a home or sellers if you are looking to buy one. They will also negotiate on your behalf, do all the paperwork and close the deal. All this at an agreed commission after the sale or purchase of the property. Seems like a viable option right? Absolutely and there’s more.
Selling And Buying Property Is Their Full-Time Job
I suppose that you have a job, a full time one, and it’s not selling and buying property. Well, how many times can you be able to excuse yourself from work every time a potential buyer wants to see your home? At the end of a long day at work, can you be able to take full advantage of every opportunity to market your home? Ideally, do you have any experience in doing so? My guess is “No.” But to a realtor, the answer to these questions is “Yes.” A real estate agent will be available when you are not, and they sure will present your home in the best manner possible to help it sell as soon as possible.
Agents Have Experience In Negotiation
Negotiation can be tricky, especially when it comes to selling or buying a home. However, when you use a realtor, they are likely to win the negotiation, and that means a better bargain for the both of you. An experienced real estate agent might have negotiated hundreds of homes, and so, they know all the games and the warning signs of nervous home buyers and sellers.
When you take on the task alone, you are likely to get emotional about the process, and you will only end up making poor decisions. Also, chances are you are not too familiar with the local market conditions and customs, and as a result, your home might stay months or even years without selling.
Going SOLO: When Does It Make Sense?
Even though using a realtor is your best bet in most cases, there are times where doing it yourself makes more sense. For instance, when making an offer on your neighbor’s home, or buying the house from a relative, you are better off without a real estate agent. This is because you have first-hand information on the property.
Also, it can be appealing when there is no middleman involved. When working with the seller or the buyer directly, there is no need relay messages or wait for callbacks or even be skeptical of the information the realtor is handing over to the other party. You will always have the upper hand.
Finally, you get to save a lot of money that could have been paid as a commission to the realtor. For a large sale like a home, it can add up to thousands of dollars in savings or losses depending your knowledge of the market. Pay for an appraisal from an independent appraisal company
At the end of it all, it comes down to your needs, your situation and the kind of market you are in. Experience and knowledge are invaluable, and so, you might want to consider the two before you decide going solo. So do you still think that going solo is the best thing or is using a realtor the ideal choice?