Nowadays, there are many services that facilitate buying and selling a property by oneself. It may seem tempting to avail of these and save on the agent’s commission and fees. However, the time, effort and money associated with flying solo can outweigh the benefits of bypassing an agent, and it can sometimes be costlier as well.
Property transactions are a huge financial step, whether you are buying or selling. In tiding through the step, you may lack the expertise required to negotiate properly without giving in to emotional wavering.
What are the benefits of having an Estate Agent?
Let’s take a look in more detail.
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- Market experts
With the changing property market, it will be helpful for you to be associated with someone who understands and feels the changing trends. He or she can understand your requirements and advise you on considering the right options based on trustworthy data and information. They will also be knowledgeable about the local landscape as well as national trends. As a result, you will be able to make an informed decision regarding your property.
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- Right pricing
Banking on their expertise, you can set the right price for your property. Price appreciations have witnessed a change this year already, and your prices need to be in sync with the trend in order to get noticed. Higher pricing will deter potential buyers, and your property may end up stagnating in the market. When it comes to property, agents take multiple factors into consideration, like the condition of your property and upgrades that have been done, without any bias. They will compare with similar properties in the area and help to set the right price to ensure a faster sale.
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- Maximise buyers
Estate agents have established relationships with other agents, potential buyers, and various entities in the market. They also have the marketing expertise needed to attract the right eye towards a property. At a time when mortgage rates are going up, which is demotivating some buyers, it is important for someone to be in the picture to attract more buyers. They have multiple tools at their disposal like social media, other agency resources, multiple listings etc.
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- Well-versed with technicalities
In a property transaction, there are more regulations and disclosures nowadays. An estate agent like Glentree can read the fine print and ensure all the legal documents are in order. It is better to work with someone who understands the technical jargon for a smoother procedure.
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- Skilled negotiator
You may need to be in touch with multiple people in the cycle – buyer or seller, their agent, inspection company (which inspects the property and almost always finds concerns), appraiser (who makes an assessment of the property value) and so on. Taking them toe-to-toe may prove to be tedious. In comparison, estate agents know the drill, including how to handle everyone’s concerns and advise on when it would be better to get a second opinion.
Above everything else, no matter how clearly steps and procedures are spelt out, a glitch can happen at any time in the process. It helps to have a professional like Glentree handle it for you if the need arises.