Hire A Real Estate Agent

Posted by  on Apr 16, 2009
 
The National Association of Realtors, whose members are known as Realtors, is North America's largest trade association, representing over 1 million members (as reported in 2006), including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries. NAR also functions as a Self Regulatory Organization for real estate brokerage. If you are looking at buying a home in California, you are probably deciding whether you want to hire a real estate agent or not. It is becoming progressively easier to look up houses on line and buy houses without an agent all together. Although the decision is up to the individual, it is often beneficial to hire a real estate agent. Listed ahead are some reasons that it may be a good idea to look into hiring a real estate agent.

Henry Ford once said that when you hire people who are smarter than you are, it proves you are smarter than they are. Because education and experience in real estate is something that you probably do not have, that real estate agents do. You do not need to know everything about buying and selling real estate if you hire a real estate professional who does. The trick is to find the right person. For the most part, they all cost about the same. Why wouldn’t you hire a person that has more education and experience than you do? Everyone is looking for more time in his or her lives, and hiring agents gives them that time.

In addition, real estate agents can disclose market conditions, which will govern your selling or buying process. Many factors determine how you will proceed. Data such as the average per square foot cost of similar homes, median and average sales prices, and average days on market and ratios of list-to-sold prices, among other criteria, will have a huge bearing on what you ultimately decide to do. This is another important aspect to consider if deciding whether a real estate agent is needed.
Either agents possess intimate knowledge or they know where to find the industry buzz about your neighborhood. They can identify comparable sales and hand these facts to you, in addition to pointing you in the direction where you can find more data on schools, crime or demographics.

Agents take the spam out of your property showings and visits. If you are a buyer of new homes, your agent will whip out her sword and keep the builder's agents at bay, preventing them from biting or nipping at your heels. Contrary to what some people believe, agents do not select prices for sellers or buyers. However, an agent will help to guide clients to make the right choices for themselves. Selling agents will ask buyers to weigh all the data supplied to them and to choose a price. Then based on market supply, demand and the conditions, the agent will devise a negotiation strategy.

Real estate agents network with other professionals, many of whom provide services that you will need to buy or sell. Due to legal liability, many agents will hesitate to recommend a certain individual or company over another, but they do know which vendors have a reputation for efficiency, competency and competitive pricing. Agents can, however, give you a list of references with whom they have worked and provide background information to help you make a wise selection.

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