There are two sides to the coin when it comes to home selling. Buyers and sellers want different things-one wants a steal on their dream home, the other wants top dollar for their property. Both sides have common ground, however. Each wants a sale.
Many services exist that allow you to circumvent the commission fee most real estate agents take. However, DIYing your home selling or buying without a real estate agent might prove to be more costly than bring along an expert. Below are several benefits of using a realtor in Merced, California.
You Save Money
Going without a real estate agent to save money might not be the best way to go. If you’re trying to sell your home on your own, most likely you’ll be basing it on the price of other properties in your area. Those properties will be sold with a realtor’s help. In this case, the seller gets a percentage of the sale’s price that might’ve gone to the agent.
A 2017 study showed the FSBO properties-For Sale By Owner-got around 30% less for the owner than those posted by agents. You’d also be forced to pay the commission for your buyer’s agent anyway if they’ve decided to utilize one.
Contracts Can Be Hard to Navigate
The process of house-buying and selling can be complicated at times, and agents are there to resolve issues effectively. Buying or selling, the offer to purchase contract is there to protect you. The contract makes sure you’re both able to back out of a deal if your conditions aren’t met.
A talented Atwater, California realtor would have far more experience dealing with the numerous contracts real estate comes with. Some mistakes or accidental omissions in these documents can be costly.
For example, a buyer makes an offer, but it depends on if they can get a mortgage or not. There’s no way the buyer would be able to purchase the property without first securing financing. But you, with no experience-hadn’t thought to put it in your purchase agreement that could let the buyer back out if the mortgage falls through. The buyer is now forced to go through with the sale or be sued.
Real Estate Agents Are Trustworthy
This duty also imparts an incredibly high confidentiality standard. As a buyer, would you truly give an unprofessional stranger your personal information? How do you know this person is trustworthy? A seller without an agent doesn’t have reviews nor does he have any references. You’d feel much more secure working with a professional realtor, who comes with a reputation and a brand you can review. There’s also legal recourse you can pursue if your seller or their realtor lies to you.
You can go through the agent’s broker, professional association (For example, the National Association of Realtors.), or perhaps civil claims court if said agent hasn’t upheld their duties.
In addition, agents rely on word of mouth to grow their clientele. It’s in the best interest of their reputation to do a good job. Need an experienced real estate agent by your side? Consult with Soldavi Realty today to learn more about our professional services. Call 209.975.7653 today.