Working with a realtor has many benefits, the most important of which is that they can help you buy or sell a home much more quickly, efficiently, and with less risk than if you were to try to do it on your own. In addition, realtors have access to a variety of resources and networks that can be extremely helpful in getting your home sold or finding the perfect home to buy. Below are some of the main benefits of working with a realtor.
1. Access to information – Realtors can be very knowledgeable about the current housing market and changing trends. By having access to reliable data on the current state of the housing market in your area, realtors can help you make smart and well-informed decisions about buying or selling a home. This information can be extremely valuable in either situation, as it can help you price your home appropriately and also give you an idea of what to expect in terms of competition when searching for a new home.
2. Negotiation – One of the most important aspects of buying or selling a home is the negotiation process. Oftentimes, emotions can run high during negotiations and it can be difficult to remain calm and level-headed. A realtor can help take some of the stress out of the situation by acting as a mediator between you and the other party, ensuring that everyone is able to come to an agreement that is fair and beneficial for all involved. They can also help you assess what's important to the other party relative to your own needs and help you come up with an approach that will fulfill your own needs while still remaining appealing to the other party.
3. Saving money – While realtors do charge a fee for their services, the amount you pay is often much less than what you would pay if you were to try to buy or sell a home on your own. For buyer's in most cases there is no cost as the realtor is usually paid out of the cooperating commission that is covered by the seller. For seller's that means the cost is doubled since you are paying commission to your listing agent and a cooperating commission to the realtor who brings in a buyer. However, in net terms hiring an agent to sell your home will usually save you money and actually make you more money overall. This is because a good realtor will provide key insights, planning, and coordination that will help you position the sale of your property to get the most money possible. In most cases this will more than justify the cost since an experienced agent can typically make you a lot more money on your home than your cost in commission. They will manage a range of staging, marketing and promotional methods to effectively attract and engage as many potential buyers as possible in order to get you the highest possible offer. A good agent will also help you coordinate home preparation, and advise you on when to sell your property. In part this means they will warn you against selling now when a more promising market is just around the corner, or further down the road.
For buyers, the skills and techniques of a good realtor can help you to identify often overlooked properties with manageable defects that might deter others while helping you spot and avoid properties with more serious concerns. They can also help you save money by negotiating a good price, and best of all ,as mentioned before, in most cases buyers don't have to pay their realtor.
4. Guidance and support throughout the process – One of the most important benefits of working with a realtor is that you will have someone to guide and support you through every step of the buying or selling process. From start to finish, a realtor can answer any questions you have and help make the experience as smooth and stress-free as possible. This is important when weighing the pros and cons of a particular property. The knowledge and experience of a good realtor can help you to differentiate between a good deal and a property that could end up being a money pit.
If you are thinking about buying or selling a home, working with a realtor is a great way to get the process started. By taking advantage of all that they have to offer, you can make the experience much easier and less stressful while also saving money in the process. If you’re thinking about getting into the market or have any questions feel free to contact me today!
I am a Victoria based local realtor with eXp Realty. My commitment to honesty, integrity, loyalty and hard work have been important pillars for me because they drive a high standard of excellent service for my clients. Helping you realize your dream is my goal!
I service Vancouver Island, but my focus is on: Victoria, Sooke, Saanich, Malahat, Shawnigan Lake, Cobble Hill, Duncan, and the rest of the Cowichan Valley.