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by Noelle Dumas
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gotiator
Representation by a good negotiator is essential during a real estate transaction. A real estate agent with the expertise to assist with repair agreements, inspections, appraisals and other contingencies gives you added security. An agent can provide sound advice on the best offer or the best selling price for your property and yet, you still maintain full decision making authority. An agent’s knowledge of sales and marketing can save you time and money since small, inexpensive changes can boost the presentation and value of your property. The expertise of a real estate agent maximizes the potential of your real estate transaction. According to the 2004 NAR Profile of Home Buyers and Sellers the typical for-sale-by-owner home sold for $163,800 and the typical agent assisted home sold for $189,000.
The Reality Of For Sale By Owner
It is a common myth that for-sale-by-owner transactions save the seller money. Truthfully, for-sale-by-owner transactions do not save money. If the current market commission is 3 percent, two percent of this covers signage, marketing and the details between contract and closing. In a for-sale-by-owner transaction the seller is solely responsible for this time, energy and financial commitment. An agent can coordinate the whole process of appraisers, home inspectors and brokers in less time and usually for less money.
Also, many real estate agents do not even review for-sale-by-owner properties so your market exposure is limited. According to the 2004 NAR Profile of Home Buyers and Sellers created by the National Center For Real Estate Research 77 percent of buyers and 83 percent of sellers used an agent to complete their real estate transaction. Working with an agent gives you access to web, agent and public marketing tools that can make your experience of buying or selling a home the best it can be! Remember, the job of a great agent is to help you make the best home purchase or sale with the least amount of hassle. So, don’t go it alone!
About the Author
Noelle E. Du |
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