When you plan to buy a home or sell one, you can do it yourself or hire a real estate agent. The time available at hand, the ease of selling properties in the locality and several other factors determine whether it would be better to hire a real estate agent or not.
The advantages of hiring a real estate agent
- You end up saving a lot of time when you hire a real estate agent. The time convenient for the buyer to inspect the house might not necessarily be the time when the seller is available. But if there is a real estate agent he arranges for the visit at the desired time. This makes it a win-win situation for the buyer and the seller.
- Real estate agents would help the buyer and the seller with the paperwork. So both the parties would have the assurance that they have not missed out any legal formalities in the process.
- The real estate agent would know exactly how to stage the property and how to sell it to the potential buyers by helping the buyer understand the pros and cons of the property. So the buyer can be sure that he gets the best property that meets his requirements and the seller can be sure that he gets the best price for his property.
The biggest drawback of hiring a real estate agent is the additional cost. Most real estate agents charge a huge fee from both the buyer and the seller in some cases. There are some cases where the agent acting in favor of the buyer might simply highlight only the positives and result in a biased deal.
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