Advantages of hiring a professional Realtor
by Matt Schexnayder. Matt works for SelfStorage.com
That time has come once again, where you are committed to a move and you are ready to buy a home. You have done your research so you know how much you want to list your old home for, and what you are looking for in a new home. You think you are ready to start that process, but then one thought passes through your head: “Should I do this all on my own or hire an experienced real estate agent instead?” While I hope that the answer would be obvious, I will go ahead and tell you that you should definitely consider hiring a professional Realtor. There are many good reasons as to why this is a smart decision, and this article will touch on a few of them.
First of all, as a buyer you don’t risk anything by using a Tulsa real estate agent because the seller pays the agent a commission. A percentage of the commission goes to the listing agent (the agent who put the house on the market on the seller’s behalf), and the remaining commission goes to the buyer’s agent (the agent that represents you, the buyer). Typical commissions range from 5 to 7 percent. So if nothing is coming out of your pocket, why not take advantage?
Additionally, real estate transactions usually involve one of the biggest financial investments most people experience in their lifetime. The average transaction exceeds $100,000. If this were any other situation, you know you would deal with it with the assistance of a professional right? Considering the small downside and the large upside, it would be foolish of you to not seek out the help of a Realtor.
If you still aren’t convinced, there are a few more reasons why you should consider seeking
out a Realtors services:
1. Your Realtor will know how, when and where to advertise your property. Realtors are experts at marketing a home. Studies show that 82% of real estate sales are the result of agent contacts. Clearly, they know what they are doing.
2. Realtors have many resources to assist you in your search. Some properties may not be actively advertised or not advertised at all. With a little investigation from your agent and a wide range of tools at their disposal (i.e. contacts, Multiple Listing Service), you should be able to see all available properties.
3. Realtors can help determine your buying power. If you give a Realtor some basic information about your income, savings, debt etc., he or she can refer you to lenders best qualified to help you.
4. Realtors can help you negotiate. Let’s be honest, most of us are not great and haggling the price down. Agents on the other hand, are a natural. Your agent can advise you as to which price is reasonable, which period of inspection time is appropriate, and what needs to be done by the seller before you move it assuring you get the best deal possible.
5. Your Realtor can provide objective criticism about each property. As we already said, Realtors have access to a variety of informational resources. This will allow them to inform you about every aspect of your potential new home. For example, how long it has been on the market, the home’s best features, how the neighborhood/school is etc.
6. Finally, Realtors can give you up-to-date info on what is happening in the market. If you are selling, you don’t want to get haggled yourself, so make sure you are setting an appropriate asking price before you place your home on the market so that you get the best price quickly and without hassle.
Whether you are buying or selling, consider obtaining the services of a professional Realtor. Eighty-five percent of sellers were assisted by a real estate agent when selling their home and seventy-nine percent of buyers purchased their home through a real estate agent last year. Obviously, many consumers are taking advantage of these amazing services, and you should too.
This article was written by Matt Schexnayder. Matt works for SelfStorage.com and writes for the Storage Facilitator blog. If you are looking for storage in Tulsa, Oklahoma City, or any other part of Oklahoma, use SelfStorage.com to sort storage units by price, location or amenity to help you find the best facility to fit your needs.