Home prices are rising and today’s mortgage holders are reaping the rewards. A reward of nearly $457 billion collectively, to be exact.According to Corelogic’s 2019 3rd Quarter Homeowner
The Importance Of Hiring A Real Estate Agent
Being your own real estate agent might sound tempting but do you really want to deal with piles of paperwork, nasty negotiations and endless waiting with no results? The overwhelming answer is no, which is why the majority of people hire a real estate agent when buying or selling a home in central Florida.
It’s not uncommon for people to wonder if they need a real estate agent. Thinking that maybe instead they could just post it on social media, Craigslist and other forms of free advertising and hope for the best. If you get really lucky this just might work out for you, but more often than not you only create additional headaches for yourself.
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5 Reasons Why You Should Hire A Real Estate Agent
Part of a real estate agent’s job is to get out and network with the community on a regular basis. As a result of these vast connections, when a real estate agent lists your house on the market they instantly have a pool of potential buyers to draw from. Also, if your home needs any work, your agent will know the best contractors with the best prices to get the job done, saving you a lot of hassles.
When it comes to buying a house these connections pay off too. Real estate agents have access to listings that might not be plastered all over the mainstream home buying sites. As a result, you have a greater chance of finding your dream home. Also, if the listing agent has a lot of buyer interest in a particular property it will be easier to get in for a showing, especially if your agent knows or is the home’s listing agent. Otherwise, you have to call and schedule an appointment on your own, during which time the house could go into escrow before you even have a chance to view it.
Negotiating Is No Fun
You may be great at negotiating, even top of your debate class in college, but that doesn’t mean you want anything to do with negotiating home prices. If you are buying a house you have to choose your words incredibly carefully when working directly with the seller. Otherwise, you could easily end up offending them and blowing the whole deal.
When working with agents you have the opportunity to say how you really feel about a property without insulting anyone. On the other hand, when working directly with the owner you risk hating on an aspect of their house that they truly love, thus involving emotions in what should be a purely business deal.
Insulting the owner is only one of many potential issues that can arise if you are trying to negotiate your own deal. Remember, real estate agents have years of training and experience when it comes to negotiating deals. Let our negotiation skills give you a leg up on the competition.
If you want to be a good real estate agent you take the recommended courses, pass a rigorous exam and then get out in the field and start practicing. Truly exceptional agents take years to mature into successful powerhouses. You can’t expect to jump in the game and do nearly as well without the same experiences. It’s not just experience out in the field but technical aspects are important to fully understand as well, such as market conditions, median and average sale prices, the average cost per square foot, and so forth.
Save Yourself A Lot Of Time
Showing your own home is time-consuming to say the least. Agents are here to help remove the spam that hits the moment your home is listed for sale. Agents are experienced at weeding out the spammers and lookie-loos in search of actual potential buyers. It’s not just identifying potential buyers, but knowing how to lock in the deal. Being your own real estate agent is a lot more work than people often assume; if you don’t have buckets of free time waiting to be wasted it’s never the recommended course of action.
There’s A LOT More Paperwork Than You Think
So much paperwork comes with buying or selling a house. There was a time back in the early ’70s when buying a home came with a one-page deposit receipt. Today, purchase agreements are at least 10+ pages, not including the federal and state-mandated disclosures and local custom disclosures. There are mounds of paperwork and all it takes is one simple mistake and you could end up in court as well as with fees that total over $1,000.
Curri Properties is a full-service real estate firm with the experience, drive and connections to sell your current house and find your next dream home.