It is now common knowledge that the U.S. housing market has recovered from the crash of the mid-2000s. Home prices jumped a whopping11.3 percentin 2013, increasing in83 out of the 100 largest U.S. metros. Despite low inventories, home sales have improved greatly from their post-crash levels, thanks in part to comparatively low mortgage rates.
Despite all this good news for homebuyers, itâs still advisable that they work with a real estate agent. Here are the top five reasons why this is the case.
1. Agents Simplify the Home-Buying Process
While selling a home âby ownerâ can save some money, most people donât have the time or expertise to market their homes. Real estate agents can help you sort through the complicated market and not only sell your home, but also find and negotiate the perfect house to move into. Without an agent, all that responsibility is on you. So, if youâre thinking about going it alone, be sure youâre ready for a big time commitment and a hefty dose of guesswork.
2. Agents Get Top Dollar for Their Clients
All sellers want their homes to sell quickly and for top dollar, and the best way to accomplish that is to hire an agent. An experienced agent knows how to navigate the market, price your home well, and negotiate the best deal for you on the other end. And donât forget: Half the commission is usually paid by the people you buy from.
3. Agents are Professional House Hunters
Real estate agents have access to massive databases of homes, along with details that wonât be available in an Internet search. How long has the home been on the market? Are there condition problems? What about any special legal or lending provisions? Your agent has access to all this information, which can prove extremely helpful in negotiating the best price.
4. Agents Handle all the Unpleasant Paperwork
Buying and selling a home requires a staggering amount of paperwork. When you hire an agent, you can make an offer with a phone call and a signature. They handle the paperwork and deal with the sellers so you donât have to. Your agent will also be the primary contact on any offers you get, with an eye toward getting you the most money possible. An agent can deal with any complications in a professional, unemotional way, helping you keep your sanity intact.
5. Let Your Agent Worry About the Details
Moving involves a lot more than just packing boxes and loading a truck. Thereâs title work to deal with, dates to coordinate, inspections to schedule, and yes, more paperwork. Agents know who to call for inspections, how to deal with title insurance, and when to schedule closings. They can also fill you in on what kind of closing fees and other nuts and bolts to expect, so you wonât have unpleasant surprises on closing day.
Overall, buying and selling a home is one of the most complicated, emotional experiences you will ever have. It is also likely the biggest financial transaction youâll ever have to navigate. Areal estate agentcan smooth out a stressful process and take much of the worry off your shoulders.
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Courtesy of:Jensen and Company â Park City Utah Real Estate Agent
Author:Treehouse Realty Phone: 480-426-1590 Dated: May 9th 2015 Views: 1,300 About Treehouse: ...