With the internet so easily at our fingertips, many home buyers are doing a lot of the work when it comes to buying real estate. Even with the advantages of the internet, however, it is important to work with an experienced realtor. An experienced realtor will provide home buyers with many benefits to the buying process.
Up to date listings, as they come onto the market
There are many real estate listing companies on the internet. Home buyers can easily search for available properties. They can get information on the property, including bedroom and bathroom numbers, size, and listing price. They can get all of this information for free. The problem with these free sites, however, is that they are not always up to date. There is often a delay in time from when a property is listed, pending, or withdrawn from the market.
Home buyers can fall in love with a house that is no longer on the market. They can get into a pattern that by the time they make an appointment to see a house for sale, that it is already pulled off of the market. When you work with a realtor, you can see the most up to date, homes for sale. You can get access to homes, sometimes within minutes of them being listed. Many realtors can set you up with an auto email, meaning you have all of the latest houses in your email daily.
The ability to negotiate a lower price, or better terms
Realtors are experienced in negotiation skills. They also know the market and current buying and selling trends. With access to detailed information on properties, they can use this in their negotiations. Working with a realtor often means that you can get a better price. It also means that you can negotiate better terms, including more amenities, seller?s concessions, or home warranties.
They know what sells
Working with a realtor can also help you gauge the value of a house. It can sometimes be difficult to estimate an accurate value of a home that requires repairs or remodels. If you are in the market for a fixer upper, you will enjoy the valuable skills of the realtor. For example, a minor kitchen remodel has an average return on investment (ROI) of 82.7%. Additionally, homeowners can get a 100% ROI on the money spent on a home?s curb appeal. Knowing these factors can help when choosing the right renovation property and knowing if the asking price is worth it.
They are qualified in property comparisons
The entire real estate market is based on comparables. When a listing agent sets the price of a property, they look at what local homes have sold for recently. When a buyer?s agent recommends an offer price, they look at the same numbers. Understanding the best way to pull these comparables is important in coming up with an effective and realistic price. This is perhaps, one of the most important skills that a realtor can offer to both home buyers and home sellers.
Create a smooth offer to closing process
There are a lot of steps that need to be completed from the offer to the closing. Things like inspections, appraisals, and walkthroughs need to be completed in a specific order. If these steps are not properly completed, the entire sale could be at risk. Working with a realtor ensures that the closing process goes smoothly. They are also an important resource for when problems do arise.
Real estate related Google searched increased 253% from 2009 to 2013. More and more real estate buyers are searching for available properties on the internet. Although this can be helpful, an experienced realtor is still needed. An experienced realtor can provide many benefits to the home buyers, including an up to date listing of available homes on the market, an in depth knowledge of selling features, the ability to pull comparables, and the implementation of a smooth offer to close process.