For the past decade, there are countless of services created to help sellers in marketing and successful sale of their properties. As a result, this opened lots of questions whether or not to hire a real estate agent. No doubt, the internet has drastically widen the access to listing and given sellers with new ways to sell and market outside the traditional paths.
Commissions usually run to around 6 percent of the purchase price of the home and there are numerous sellers wondering whether investing in full service agent is totally worth it. Before making a decision that 6 percent is a steep investment, might as well consider what are the things that a realtor can bring on the table.
Number 1. Access – it doesn’t matter if you are selling or buying a house because at the end of the day, real estate agents can provide access to the available listing. The MLS or Multiple Listing Service is a kind of service used by agents nationwide in listing properties, giving other real estate agents with interested buyers all details regarding the home they might need. Sellers have an end goal to put their house on MLS for it is the place where buying agents are searching for possible properties for their clients.
Number 2. Convenience – by hiring a professional and seasoned real estate agent to represent your house is way more convenient than marketing and selling your own. For those who don’t have any experience in such, the volume of phone calls needed to be handled is just overwhelming. The moment that a house goes live on market, agents as well as other interested buyers will begin calling and trying to schedule viewing and ask questions regarding the specifics of the property.
Sometimes, prospective buyers are showing up but sometimes they do not. By having an agent who will handle all phone calls and inquiries, it is going to give you convenience especially if you have active lifestyle.
Number 3. Negotiation skills – it doesn’t matter if the agent sells or buys because in this industry, a strong negotiation skill is a must. Prospective buyers often propose less than the property’s asking price. Anyone who is inexperienced handling such will definitely go on with the client’s request but not when you have an agent to help you out for they are the one who will set the tone of transaction and price.
There is also the negotiating concessions on the closing costs, adverse inspection findings and a lot more in addition to the negotiation of sale price.