According to a recent report by the National Association of Realtors (NAR), housing market conditions are slowly improving because of steady job creation, reduced mortgage insurance premiums and low interest and down payment rates.
One of the greatest benefits of using a real estate agent is that they will have a working knowledge of the best property listings. While any member of the public can use online and print resources to research the market, only a real estate agent will have intimate knowledge that is up to date and accurate. In the real estate world, sometimes a minor detail or a last minute update can have a huge impact on the status and value of the property. Therefore, they will know how long a home has been on the market and if it has been previously listed. Equally important, they can explain why no one has bought it and how it compares to similar properties in the neighborhood.
On the other hand, one of the most valuable benefits of working with a real estate agent is that they can help their clients accurately set a realistic home budget. They will also be able to recommend trustworthy lenders and contractors. Additionally, they can guide the potential homeowners to helpful online and community resources. They can even provide insight into neighborhood or community trends. Still, real estate agent will also be able to foresee potential problems and thus provide invaluable advice to their clients about how to avoid things like HOA obligations and hidden taxes.
Home sellers also stand to gain a lot from working with an experience real estate agent. First, they will receive realistic marketing guidance about how best to present their home. The real estate agent will be able to give the home sellers specific recommendations on how to improve the home’s curb appeal and real estate listing attractiveness. The real estate agent will be able to provide a comprehensive comparative market analysis that can be used to correctly estimate of the home’s pricing value. However, only a real estate agent will know about comparable neighborhood sales and property conditions.
A skilled real estate agent will be able to smoothly present the home in the best light to prospective buyers. This is important because many new home buyers tend to make snap judgments of appearances and often lack a long-term perspective of owning the home. On top of this, only a licensed real estate agent can add a home listing to the print and online multiple listing service. Finally, a real estate agent will guide the home sellers through the confusing selling process. They will be able to verify that potential buyers are not only pre-screened and pre-qualified, but also fully capable of completing the transaction.
To wrap up, working with a licensed real estate agent is beneficial for both home buyers and sellers. A real estate agent will have the right experience and knowledge to help their clients.