Generally, when buying or selling a house, working with a realtor is a good idea. About 30% of survey respondents reported that they would be more likely to invest in real estate if they had access to a real estate investment professional for guidance. If you haven’t bought or sold a house before, the process can be tricky. This is true even if you have before. Having someone working for you who has your best interest in mind is a good idea. Realtors can be helpful for a number of reasons. Here’s why you should work with one, especially if it’s the first time you’ve ever bought or sold a house.
Working with a realtor is the safest bet you can take when buying or selling a house. A realtor does this all the time, whereas you may be unfamiliar. The number one reason working with a realtor is a good idea is because of sheer experience. They likely know more than you do about the process and can help you along the way.
The second most important reason why you should work with a realtor when buying or selling a house is because of the knowledge they’ve gained through their experience. For example, if you are in the market to buy, realtors will be able to quickly and easily find options for you that are in your price range. This is beneficial because you don’t have to spend the time searching online through all the potential options. Because of their knowledge of the market, they may also be more equipped to tell you which locations would be a good fit, especially if you are moving to a new area. For example, approximately 38% of all U.S. households have a dog, so your realtor would already know which properties have yard space or not, whereas you would have to find a listing with the right picture of the yard to be sure.
Working with a realtor if you’re looking to buy a house is also beneficial because of their knowledge of the financial aspect of home buying. About 78% of recent buyers found their real estate agent to be a very useful information source. If you are looking to flip a home, they can help you estimate the potential return value. A realtor would be able to suggest how much you should spend on renovations before the project isn’t worth it. They may also be able to warn if you shouldn’t bother flipping it at all. Sometimes the work you’re hoping to do would add value for you, but not necessarily the house. A realtor would be more equipped to tell you which additions would benefit the house’s value or not.
Similarly, a realtor would be able to help with information about loan options. They’d be able to tell you what a mortgage for the house would look like, or if you’re even able to apply for one at all. They would be able to tell you about home equity loans and if that was a feasible option for you. Because of this financial knowledge that you may not already have, a realtor is a good investment.
When selling your house, a realtor would be equally as beneficial. Without a realtor to list the home and arrange viewings, the responsibility would be on you to find and communicate with potential buyers. For many, this hassle is easily avoided by working with a realtor.
As you can see, working with a realtor can be beneficial in many ways. You wouldn’t want to make any mistakes throughout the process, so be sure to go the safe way and work with a realtor.