In this modern age, information is so easy to access. Because of this, many people simply access the internet to search for information that could enable them to do things themselves. There is a plethora of websites and platforms that teach us how to do things without having to hire professionals to help us.
Now, whether you’re buying or selling a house, the question is: do you really need to hire a real estate agent to help you?
First off, what is a real estate agent?
A real estate agent is a licensed professional who represents buyers and sellers in all transactions that involve real estate. These agents usually work for a real estate broker who has had additional certification and training in handling these transactions. Real estate brokers usually own a real estate firm and they are the people who are responsible for approving final contracts and setting up payment accounts. Real estate agents split their commission with real estate brokers.
Real estate agents aid sellers by helping them price the house properly and also by helping them getting the house ready for sale. This includes providing tips on house improvement — these help the house gain more value on the market and also help the house get sold quicker.
On the other hand, real estate agents aid buyers by searching the market for a property that’s within their price range that also meets their preferences. These agents have access to past sales data that allows them to assist buyers in coming up with a fair offer for the property that they wish to purchase.
Now, can a real estate agent represent both the buyer and the seller?
The answer really depends on what state the transaction is taking place in. Most states allow this practice, but only as long as the real estate agent makes it known to both parties that he/she is representing. The significance of this is that a real estate agent’s loyalty can affect the final price of the transaction. An agent loyal to a seller will lean more toward pricing the property higher, while an agent who is loyal to a buyer will tend to negotiate a lower price.
Now, if you’re confident in your ability to negotiate and scour the area for prospective properties if you’re a buyer, or if you’re equally skilled in imputing a value to your house and improving your home in order to bump up its market value if you’re a seller, then you probably think that you don’t need to hire a real estate agent.
But here’s where you’re probably wrong.
Real estate agents not only have the negotiation skills, they also have the necessary connections that can get you really good deals for your money. Not only that, but they are also well-versed in handling the paperwork that comes with a purchase agreement — a document that can easily go for as long as 14 pages.
What’s more is that real estate agents have a special key that grants them access to ANY house on the market — something you obviously don’t have, no matter how much you scour the internet.
So, yes, the use of real estate agents may have been lessened because people are becoming more savvy as they find information on the internet. But let’s face it. It’s a necessary measure to take in order for you to get the best deals on the market.
If you’re looking for someone to help you with your transaction, then these Bend Oregon real estate agents are the people you need to call today.
