With the wealth of information available online, many of today’s consumers are incredibly knowledgeable about the homebuying and selling process. Add in the desire to save — or make — as much money as possible, and it’s easy to see why you might be tempted to pass on hiring an agent.
But before flying solo, consider the benefits of having an empathetic and experienced negotiator on your side.
Local Data and Insider Knowledge
You may have lived in your neighborhood since the kids started school and know exactly how much the neighbor’s house sold for. But do you have all the tools of an expert? An agent’s local data can show you everything that’s selling right now and what buyers in your area are prepared to pay for your house.
Buying a home is one of the biggest decisions you’ll ever make — and the amount of paperwork and legal jargon required proves it. Omitting or miswording even one line can lead to a costly mistake that’s much higher than the price of an agent’s commission.
Haggling over contract contingencies and home pricing can lead to negotiation fatigue and poor judgment calls for emotionally invested buyers and sellers. One key reason to work with a real estate agent is to have an experienced negotiator who’ll put your best interests first.
The complexity of property transactions means contractors, attorneys, lenders and financial advisers are also involved. A well-connected agent can put you in touch with other qualified and trustworthy real estate professionals who are ready to help.