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  • 5 Reasons To Use Estate Agents for property buying

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Dated:
Sep 06, 2022
Read Time:
Topic:
Estate Agent

5 Reasons To Use Estate Agents for property buying

Estate agents are not obsolete. For sale by owners is an option to market your home but you may be paying more in expenses while not getting a high price tag for your home. People do think they are saving money by selling their own homes but that is not always the case.

There are advantages of using an estate agent even when you are buying a home. These agents have value and can make a difference in how smoothly your purchase or sale goes.

It is in your best interest to use an estate agent and there are actually more than 5 compelling reasons to hire one.

Reasons To Use Estate Agents for property buying

They Know The Local Area

This is a very valuable resource especially when you are moving to London from another part of the country. The local realtor’s knowledge of the area will be very beneficial to you as they can tell you the good schools, the best places to eat or shop, and what the crime level is like.

Plus, they know what is a good price for the home you are trying to buy. This is a resource you should tap into before you make any purchases.

A Higher Selling Price

When you sell your home by yourself, you may get involved in some difficult negotiations with prospective buyers. Those negotiations can have you losing between 5 and 20% of your selling price.

But an agent is supposed to represent you and have your best interests in mind. They will stick to the higher price tag and you may only lose 2 to 3% in commissions.

Every situation is different but it pays to have someone protecting your interests who are skilled at negotiating.

Qualify The Buyer

There are many people who love to waste homeowners’ time. They are not qualified to buy your home and if you do the sale yourself, you may be in for a big surprise when closing time comes around.

An estate agent will make sure the buyer is qualified and prepared to buy your home. This saves you time and a lot of trouble. They can weed out those time wasters who are not prepared to put the money up for the purchase.

Marketing And Sales Skills

The estate agent is trained in how to market your home in the best way possible. They may have accounts set up that will be cheaper for them to advertise than if you did it yourself.

Plus, you are not trained in selling a home and can make some costly errors if you are not careful. Also, you are not necessarily trained in the art of selling a home. You may be too emotional and can lose a good sale over minor reasons.

There are times when you need to let the professionals work and you just monitor their actions.

Saves You Time

The agent does all the hard work. That is what they are paid to do. They contact potential buyers, bring possible buyers to your home and show it off, create the ads, do the marketing and so much more.

This takes a lot of time that you may not have. Buyers can be fickle and walk away if you do not respond in time, or make other selling mistakes many homeowners make when they go it alone.

Honourable Mentions

Those are not the only reasons you should hire an estate agent to sell your home. These agents are skilled in pricing your home accurately and making sure you get full value for it.

Plus, they can handle all the paperwork for you. The red tape can be hard to negotiate if you have never done it before so let an experienced person handle that boring work for you.

Then the estate agent has years of experience selling and helping people buy homes. It pays to have experience on your side helping you sell or buy a home. That experience shows through their many contacts.

Those contacts can turn up a buyer very quickly or lead you to a motivated seller. An estate agent is a valuable resource you cannot afford to pass by.

How Do You Find A Good Estate Agent?

This can be tricky as there are a lot of good and bad estate agents in the industry. Filtering out the latter can be difficult and you may end up losing time and money when you hire the wrong estate agent.

The following guidelines should help you avoid that bad situation:

  1. Are they a legitimate firm and adhere to government regulations and oversight
  2. If their fees are too low or they drop quickly, move on to someone else.
  3. Are they transparent about all costs involved on your end of the deal
  4. Are their contracts styled after the ‘no sale, no fee’ concept or not
  5. What is their local knowledge and how deep does it go? An agent that doesn’t know the area is not going to be valuable to you or your purchase decision
  6. What is their experience? Have they sold homes like yours or do they focus more on rentals or commercial properties?
  7. Make sure their terms & conditions are transparent as well. You need to know and understand each one
  8. Contact former clients to see what they think about that particular agent
  9. What is their selling strategy? Make sure they have all the bases covered for you

Some Final Words

Buying or selling a home on your own can be very stressful. Before you make that leap, contact us today. We at Real Estate Experts understand the real estate market and the local areas.

Talk to us first as we have over 10 years of real estate experience and can find the best deal for you. When you want a great home, you come to the best and that is us. Call us today and see what our professional agents can do for you in this important step in your life.

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