Why Hire A Real Estate Agent
David and his fiancée Rhonda are getting married in six months and they are in a quandary as to whether or not they should hire a real estate agent for their very first house.
Just like this couple, majority of today's consumers are still hesitant in hiring real estate agents. And why not, when real estate agents are synonymous with commissions, which is definitely an added burden to one's budget. However, real estate agents are insiders in the industry and they will help you get the best deal possible.
Real estate agents are considered experts in their field so hiring one would mean you will get better house options as well as a more suitable location. Agents can guide you through the whole procedure of buying a house, from the scouting of units, to negotiations with the seller and in the preparation of documents.
The law requires that real estate transactions should be in writing to be valid. A real estate agent can help you get a good lawyer to prepare the contract. He can introduce you to contractors who would come in handy if you plan to renovate. He can also give you a pep talk about the community, the nuances of one location and property to another as well as the possibility of an increase in the valuation of the property later on.
If you are concerned about the commission the real estate agent is getting from the sale, just remember that it is his payment for making the real estate transaction easy and more comfortable for you. And despite the percentage he is getting from the sale, it may be more advantageous on your part to hire a real estate agent. He is a negotiator so he can negotiate a good price for you.
So the next time you feel like turning into a scrooge when buying a property, think about this; you can drive around the community, look for suitable properties, talk to their owners and ask them for details. Better yet, hire a real estate agent and get the best deal in town.