If you’ve never bought or sold a house before, it’s fair that you may not be familiar with real estate agents, what they do, and why working with one is so important. After all, you go through all kinds of purchases and transactions in your day-to-day life from groceries and other everyday items to major purchases like personal vehicles – and those don’t require the help of a third-party professional. So why are real estate transactions different?
This blog is a crash course on working with a real estate agent and why it’s so essential! Keep reading for more insights.
Real Estate is Unlike Anything Else
Why should you work with a Realtor? The short answer is that real estate is unlike anything else. You’ve got diverse property types in unique markets, constantly changing inventory, complex buyer/seller dynamics, plus all kinds of logistical and regulatory elements not found in any other industry.
Not to mention the sheer size of real estate transactions. A house is a major investment, and in turn, a major asset. You can’t simply run to the store and pick one up on a moment’s notice. The same goes for selling your home – it’s not something to take lightly.
On paper, buying or selling real estate is a transaction. But in practice, it’s more like a journey – one that can take weeks, months, or even years. With all this in mind, having a professional expert at your side can make the process significantly easier and more efficient.
Become an informed home buyer by checking out these related blogs next:
- Will I Ever Be Able to Afford a Home?
- How Much Do You Need to Make a Deposit & Down Payment?
- How Long Should You Plan Ahead Before Buying a Home?
Why Do You Need a Real Estate Agent as a Home Buyer?
First things first, let’s look at why you should work with a Realtor when buying a home.
One of an agent’s most important jobs is to help you find homes that suit your family’s needs – not just today, but into the future. As experienced professionals, they know exactly what type of questions to ask to determine what you need from your next home. After that, they use their expertise to source properties that they think you’ll love.
Once you find a home that catches your eye, your agent will help you prepare a competitive offer that’s in line with your budget. During the negotiation phase, they’ll advocate on your behalf, finalizing a deal that protects your interests.
House hunting can be an exciting process, but it’s not all fun and games. Once you find your dream home and get a conditional acceptance on your offer, there’s a ton of paperwork to work through before the deal is done. Your agent will handle most of the paperwork on your behalf – saving you time and eliminating stress along the way.
Not to mention, working with a real estate agent as a home buyer doesn’t cost you anything! In Canada, agent fees (also called “commissions”) are paid by the seller and split between their agent and yours. As the buyer, you get all the upside at no extra cost.
Why Do You Need a Real Estate Agent as a Home Seller?
Working with a real estate agent is equally (if not even more) important as a home seller. Your home is your largest asset, so when it comes time to sell, you’ll want to take every step possible to maximize your results. A good Realtor will have proven selling strategies to help you do exactly that.
First, your agent will help you get your home market-ready – not only helping you stay on track but also making key recommendations that make your house stand out in the eyes of buyers. This includes techniques like decluttering, repairs, renovations, and professional staging.
Another important part of selling your home is choosing the right price. In real estate, no house has an objective or pre-determined value. So the key to getting the best price is maximizing buyer interest and encouraging motivated offers. This is where your agent’s insider knowledge and expertise are essential. They’ll help you set an asking price that attracts as many potential buyers as possible without undervaluing your home.
Just like the buying process, navigating the extensive paperwork of selling a home can be overwhelming. Luckily, a real estate agent can alleviate this burden, handling the majority of the process for you.
Want to sell your home for the highest price possible? Explore these related readings for value-adding selling tips.
- Should I Renovate My Home Before Selling it?
- Is Home Staging Worth the Effort?
- Why You Should Choose Your Asking Price Wisely
Looking For a Great Real Estate Agent?
If you’re thinking about buying or selling a home, work with us – Bosley Real Estate. Serving Canadians since the 1920s, our multigenerational team has perfected the real estate process all while raising the bar of client support and satisfaction.
Buying or selling? Our team of experienced agents can help you achieve your real estate goals. Give us a call at 416-322-8000 or reach us by email at info@bosleyrealestate.com.
artiBOSLEYRE
Read about the heritage and innovation that form the foundation for Bosley’s industry-leading approach to real estate.
