Buyers and sellers are the two separate segments in the industry of real estate. Both the buyers and sellers have extreme opposite goals. The buyer wants a house for the maximum possible lowest price and the seller wants the highest price for the house. However, they travel on the same thread, which is a sale. Both the buyer and seller can benefit from a sale if they hire a real estate agent like Larry Weltman and others to assist them for different reasons. Larry Weltman Toronto has advised the real estate industry on various fronts where he has expertise and where agents have needs. In this article, we will discuss the top 5 reasons to hire a real estate agent.
A great deal of money:
A sale in the real estate industry involves a great deal of money. If you want to sell your house and you list your home, you will definitely expect the highest rate for sale. You never want to break this amount with extra commissions. Many reports have revealed that the sale without a certified real estate agent was 30% less when comparing a sale with a certified real estate agent. If you think paying commission is an expense, anyways you are going to pay a commission if your buyer is represented by an agent. If you are the buyer, you can hire a real estate agent without thinking the seller will be paying the commission and not you.
You will get all the necessary details:
It is highly impossible for any common person to review and understand the multiple documents that are involved in a real estate deal. Only when you have a thorough understanding about the real estate industry you can decipher it. On the other hand, only a professional who has devoted years in studying the ground realities of the industry can understand and give attention to the necessary details. For instance, a purchase agreement alone can extend up to 10 pages with all the technical jargon of the real estate industry.
Agents will know what to look for:
Buyers as the original consumers will have the idea about what they really need in a property. It will include the number of bedrooms, space of the garage and many other factors. The top priority in the list will be pretty looking homes. Only your agent will remember the alarming issues when it comes to home buying. He will look into furnace issues, leaks, roofing problems and mould and insect issues. An agent will recognise the signs of these problems and know how to approach them in the best manner. This knowledge will play a crucial role in saving a lot of money.
Agents have Superior negotiating skills:
Most of the buyers or sellers will not have superior negotiating skills. It is the fiduciary responsibility of your agent to get you the best possible price for your home all the best possible deal on the property you want to buy. Agents undergo special training to negotiate. They acquire this skill over experience. They will generally know what normally works and what does not. The superior negotiating skills has one important component. It does not include the emotional stake. This will again help you in saving a lot of money without taking any unnecessary financial plunge.
Familiarity with the Industry:
In-depth knowledge about the neighbourhood is processed by the agent. He will know everything that happens in the industry. He will also find similar properties and give you a chance to compare and pick the right one. He can also give you a great deal of information about the demographics.