If you’re like a lot of people, you may just be starting to think about buying a home or selling the one you have. You’re starting to do some research and gather information to help the process move along more smoothly. Before you go too far in the purchase or sale of a property, consider the benefits of working with a real estate agent.
1. They Know the Local Market
Whether you are the buyer or the seller, it is critical to know the local market. Even if you’ve read about the Missouri housing market or know how prices are trending in general, an agent can give you neighborhood-specific data that you can use.
For sellers, this ensures you list your property at the right price so that it sells quickly. An agent can advise you on what similar properties in your neighborhood are selling for and how long it takes for them to go under contract. They will compare your 3-bedroom house to others on your street or in your subdivision.
For the buyer, it’s helpful to know how much homes are selling for so you can make a reasonable and competitive offer. Since it’s been in a seller’s market lately, you may only get one chance to buy the home you want. An agent can help ensure you present your best offer. For example, instead of going in with a low offer on a property, the agent may recommend giving your top price at the start since they know this house has had multiple offers.
2. Real Estate Agents Expand the Pool of Buyers
When you try to sell your home FSBO, you are limited on the number of people who will know about it. With a real estate agent, your property is included in the MLS listings, which are seen by a massive number of buyers. The more people you have interested in your property, the better the chance of selling quickly and at the right price.
Agents also have a list of marketing tricks they can use to make your property more appealing. While you can try some of these same tactics, the agent knows which ones work the best for the buyers who will be most interested in your home. They may put photos on their Instagram account or upload a video tour to their Facebook page. Even though you can do these things yourself, you won’t reach nearly as many potential buyers as through an agent.
3. Realtors Understand the Paperwork
When buying or selling a home, you’re going to be dealing with a lot of paperwork. From the buyer’s offer to the inspection report to closing papers, it can get pretty confusing. Many times, you may not even understand what the legalese means, which can be a big issue if something goes wrong.
An agent will help you as the buyer understand what you’re committing to when writing up an offer and work to protect your interests if something unforeseen should happen. For the seller, they will review the offer and explain what the buyer is asking for.
You have a limited amount of time to get an inspection done, review the report and decide whether to move forward or to cancel the contract before you become obligated. The same is true of getting a home loan to finance the deal. An agent will keep you informed about the process and any timelines you need to be aware of. They will contact the lender for updates, and they often even schedule the home inspection for you.
4. An Agent Will Fight for You
Perhaps the most important reason to work with a real estate agent whether you’re the buyer or seller is because you have someone in your corner. The real estate agent works for you. They represent you and are concerned that the deal is right for you. The agent will follow up with lenders, inspectors and the title company to ensure everything is moving along as required by the contract. They will offer advice along the way to help ensure you make the right decision.
For instance, a real estate agent will read over the inspection report with you and explain what any issues mean in terms of cost and structural damage. They will help you understand when an issue is a big deal that must be dealt with and when it’s just an inconvenience you can take care of later on. For the seller, they will recommend whether it’s best to make the repairs or just reduce the selling price to reflect the cost of repairs.
The agent will tour a seller’s home before it’s ever listed and offer suggestions on any work that needs to be done to help the property sell better. They may recommend painting certain rooms or power-washing the exterior of the house.
If you talk to a real estate agent as your first step in getting a home, they can make the process less stressful. They can recommend lenders for the buyer or contractors for sellers to get their home ready for sale. They will explain what you can expect and guide you through the process step by step. Their goal for the buyer or seller is to make everything move along as smoothly as possible and for them to get the results they desire as quickly as they can.
While it’s true that you don’t need a real estate agent to buy or sell a property in Missouri, there are several advantages to working with someone in this important process. Let Pashos Realty make your dreams come true as you buy or sell your home. Contact us today to learn more about how we can help you.
More from Pashos Realty