Ever wondered whether to hire a real estate agent, or sell off the property yourself? Here are six reasons in favour of why you should hire a real estate agent.
The proliferation of services that help either the seller or homebuyer complete their real estate transactions mean that you’d be spoilt for choice in the selection of a suitable real estate negotiator / agent.
While some may wonder whether it’s fast becoming a bygone practice to hire these services, the process of buying or selling a property is complex, and most people will find it easier to get through with a qualified professional by their side.
Let’s take a look at some of the reasons in favour of negotiators / agents.
It is an ideal situation to have a registered real estate negotiators / agents (REN / REA) to represent the buyer and seller respectively. This would allow for a more fair and transparent process, with both sides’ interests taken care of.
However, it is not uncommon to sometimes only have one REN / REA between two parties. Since all REN / REA are required to be registered with the authorities, they are governed and bound by a code of conduct throughout the entire sales process.
Both buyer and seller will be assured of quality service from their appointed person, with less worries for unscrupulous agents.
For the sellers, their appointed negotiators / agents will have the exact know-how of marketing the particular property aggressive and in all forms of media, especially popular social media platforms such as Propwall.my and StarProperty.my.
It is also a great way to get the property onto the public’s radar, as they will prepare all the marketing materials (flyers and newspaper advertisements), run the online listings, solicit calls from interested parties, host open houses, and network regularly with other agents who may have prospective buyers.
For buyers, their negotiators / agents will have easy access to all the properties that have been listed by other agents; they can help to track down properties that meet the list of criteria they’ve been given, and set up all the necessary appointments. Above all, they are skilled at keeping up good relations on both sides.
For the sellers, their appointed negotiators / agents will be able to provide them marketing advice when it comes to putting the right price tag on the property; the ideal situation is not too high till it becomes a stale listing, and not too low till money is left on the table.
For the buyers, their appointed negotiators / agents will have a wealth of detailed market information such as past transacted prices which will greatly assist the buyer in the search for the dream home in an ideal neighbourhood with the right price.
It is of little surprise that the process of buying or selling a property can be a tricky business to handle, especially with all the nitty gritty details such as complaints and counter-offers.
Real estate negotiators / agents are qualified professionals who have been trained to present their respective client’s case in the best light, and are bound to a fiduciary relationship with their respective client’s best interests at heart.
And since they are the middle person, they are also able to remove themselves from the emotional aspect in order to close the deal successfully.
5) Background search
Now here is where the services of professionals will really benefit you! Real estate negotiators / agents are required to perform necessary checks on a variety of important documents, some of which you as a buyer or seller may not be fully aware of.
This process is vital to ensuring that no detail is overlooked which may cause any number of complications after the sale. Some of the documents include caveats as well as the title (ownership, property details, property data, property size, etc).
6) Smooth process
At the end of it all, they are responsible for facilitating the contracts and escrow to a successful sales close. After the closing though, they will also still be in touch or on standby to assist in case there are any further questions that pop up after the excitement has settled.
The main foundation for the continued career and success of a negotiator / agent in the real estate industry is referrals. As such, they will have strong incentives to make sure that their clients are happy and satisfied so that their business can be expanded through word-of-mouth.
So there you have it, some of the more obvious reasons why it would be in your best interests if you were to hire a real estate negotiator / agent since purchasing a property is likely to be the biggest financial decision of your entire life!
News Source:(Caitlyn Ng Li Yuin)