Do You Need To Hire A Real Estate Agent To Buy Or Sell Real Estate Anymore?
Buying Or Selling Real Estate Is An Investment
Yes your home is a place to live, but it’s also an investment that if done right, could yield you the best returns on anything you do. However not everyone needs a Realtor. Here are the top reasons people decide to use one.
Peace Of Mind
This is the largest financial decision you might ever make. A Realtor helps bring peace of mind to the transaction and educate you along the way.
Finding a new home or a buyer for your existing home is only half the battle. You need facilitate the contract to closing because there’s lots of moving parts.
Make The Right Choice
You aren’t hiring a real estate agent to help you find the right place, you are doing it to help you make the right decision.
Are you thinking of buying or selling a property and wonder if you need to hire a realtor?
Why Hire A Realtor?
88% of buyers and over 89% of sellers end up using an agent to help them through their transactions—but that doesn't mean you have to. Working with a realtor really depends on you and your situation. If you actually need an agent, the best solution depends on your goals. When you understand what an agent does, you can see if that aligns with your needs.
The main reason people hire a real estate agent is to make a more educated and informed decision. It ensures that they don't make any big mistakes. Making a real estate transaction is a big decision. You want to make sure you get a real estate agent that is going to help you through the whole process. This can give you peace of mind, as anytime you hire a professional in realty you're handing off some of your decision-making.
For example, if you're on the buyer side and you're looking to purchase a property, you're probably looking for more than just a place to put your bedroom set in. You want to make sure you're making a sound investment. After all, you don't make money when you're selling; you make money when you buy a property that's going to fit your needs and is a good choice. That way, when you eventually do sell it, you're already in good shape.
Knowledge And Experience
Another reason you should work with a realtor is for their knowledge and experience. For example, right here in Pueblo, we have a north side and a south side. If you're buying in the north side, there are some great homes. However, you have to be careful because we have soils that are not the greatest on the north side of town. This means we need to be extra careful and make sure we're looking at the foundation more closely than the south side.
This is an example of the experience and area knowledge that a realtor brings you. They’re going to help you make a good decision. The role of your agent isn't just to help you find a good deal and the right house, opening doors for you and showing you properties. We also facilitate the process from the moment you make an offer until the day we're at the closing table signing all the paperwork. There are a lot of steps and things involved to get you through to the closing table—and that's where I come in. Through my experience, I’ll give you some peace of mind knowing that I and my team are helping you all the way through.
If you're selling a property, over 90% of people use an agent. This is key, as there are a lot of moving parts, including disclosures and tons of paperwork. We’ve got to get those dominoes lined up to fall just right. Sellers hire agents because they want to maximize what they're going to get for the property, leaving no equity behind. A good agent is going to help you do just that through both marketing and extensive knowledge of real estate.
When You Don’t Need An Agent
In summary, people work with agents for a few key reasons. The number one reason is to their investment, whether they’re selling or buying. Second, a realtor helps both buyers and sellers through the process, making sure you're informed and make the best decisions.
There are, however, some times where you might not need a real estate agent. For example, maybe you’re selling and you already have a buyer in place—like your cousin or your auntie. Or maybe you have a longtime tenant that’s interested in purchasing your rental property, and you already have everything figured out—including the price and the terms. While you might not have it in writing, perhaps you have a verbal agreement and figure you don’t need an agent.
While you've done the part right where you found the buyer or seller already, there’s still a pretty good-sized chunk of the transaction you need to get through. That's where I can come in and help figure out the rest of the process to get you to the closing table. There are even some different fee structures that we can work on.
Do You Need An Agent?
Regardless of what you decide to do, I encourage you to reach out to me to ask any questions you have. I’d be happy to have a quick conversation of 30 minutes, and I'm not going to charge you. I’ll see if I can help you in any way. Sometimes I can give some real estate advice to help you through the process.
Ultimately it comes down to you. What's most important to you? Is it maximizing that price? Is it speed? Or is it just plain convenience? Just know that who you work with matters. Not all real estate agents are the same. They don't all have the same experience or education or background. At the end of the day, it's important to reach out and pick someone that's going to really help you maximize and get you through the process.
So if you’d like to work with me or need advice, make sure to reach out and I’ll be happy to connect with you. You can also subscribe to my channel so you never miss an episode, where I’ll give you real estate tips, tricks, and knowledge to make the best decision.