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How Working with a Real Estate Agent Benefits You

Buying and selling a home can be a daunting task for anyone, especially when it is your first time. But, it's a process you don't have to go through alone - that's where a real estate agent earns their weight in gold. When homebuyers and sellers work with an agent, the entire process runs smoother and is a lot less stressful than if buyers or sellers did everything on their own. Here are reasons why working with an agent matters.

DSC_0082rev1First, when looking at statistics (see the infographic below), most buyers and sellers rely on an agent. In fact, 87 percent of buyers bought their home using a real estate agent, and 88 percent of those buyers would use their agent again or recommend them to someone else. On the flip side, 89 percent of home sellers used an agent to sell their home, and in 2015, only 8 percent of homes were sold by owner, making that year the lowest share of For Sale by Owner (FSBO) sales recorded since 1981. The proof is in the pudding. Statistics also say that 48 percent of sellers who don't use an agent will end up with a lower-than-expected selling price. On the flip side, homes listed by an agent will sell for an average of 18 percent more than if the owner sold it.

If you're in the tricky situation of looking for a house while selling your current home, then it is even more critical that you work with an agent. Not only will they list and market your current property, but they will also help you find your new home, greatly reducing the stress of a dual transaction. Let your agent be your liaison, and take advantage of their knowledge and skills. In the end, they will help you save time and unwanted frustration throughout the entire buying and selling process.

In addition, agents know more about neighborhoods than anyone could possibly discover on their own, including information about active and sold properties, prices, etc. If you are interested in new construction, then another bonus is that agents know the individual builders in the area. Having an agent who is knowledgeable in your desired neighborhood and one who knows the history and the state of the market is crucial and beneficial to buyers and sellers. Additionally, agents have access to a wide selection of homes that are not yet listed and visible to the public, giving you a leg up on other home searchers. By working with an agent, you have a broader range of options for potential properties and your home has the potential of being widely marketed.

Home showings are one of the trickiest parts of buying and selling properties. An agent can show your listed property while you are away from the house, accommodating a larger audience of potential buyers. Conversely, in a for-sale-by-owner (FSBO) scenario, when sellers show their home without an agent, they are decreasing the chances of someone buying their home due to limited showing opportunity. Buyers want to have a run of the house when viewing a property without the sellers "breathing down their neck" or sharing in detail everything they have done to the house. So, if the property is listed with an agent, then they can schedule showings readily while the seller is not present, increasing the likelihood for showings and for a sale. Vice versa, the agent can schedule showings for you so you can visit multiple properties in as little as one afternoon.

Ideally, you and your agent work as a team. It is your job to tell the agent what you want in a home, such as number of rooms, bathrooms, square footage, the neighborhood you desire to live in, etc. Then the agent goes to work, scheduling homes for you to see that meet your criteria. What you may not know is that agents have a fiduciary duty to you; they are ethically and legally-bound to represent your best and highest interest.

Not only will an agent guide you step by step through the entire process of selling or buying so that nothing is missed or forgotten, but they will also help you understand the requirements and contract terms, without which your liability increases. Finalizing contract negotiations is another area where an agent's expertise is beneficial to you as they make sure all the paperwork is completed in a timely manner and all contract points are addressed. This can be an emotionally stressful process and the agent is there to help by guiding you step by step from contract acceptance to close of escrow.

Buying and selling a house is no easy task. Find an agent that you can trust and partner up with them for maximum advantage.

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Source: RISMedia By Rina Camhi

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Comments

  1. Rockford Johnson on

    Great post! I learned a lot about the benefits of working with a real estate agent by reading this article. Thank you for explaining how "Not only will an agent guide you step by step through the entire process of selling or buying so that nothing is missed or forgotten, but they will also help you understand the requirements and contract terms, without which your liability increases." I have never sold a house before but it is good to know that the benefits of working with a real estate agent when selling and looking for a new home.
    • Bob Lowe on

      Thanks for the post. I like that an agent really knows the market better than I do. I think that is really helpful when buying or selling a home. I also like that they know the laws and are able to negotiate contracts better than I would be able to. I can see that having an agent help you with your housing needs can be a big benefit.
      • Rockford Johnson on

        Amazing post! I have never worked with a real estate agent before so reading this article has helped me to understand what the benefits are of working with one. Thank you for explaining that "Buying and selling a house is no easy task. Find an agent that you can trust and partner up with them for maximum advantage." I have never had sold a house before so I can imagine how helpful a real estate agent can be when it comes to selling one.
        • Wade Joel on

          It is very daunting nowadays to buy a house. I liked that you mentioned that if you work with a real estate agent that the process of buying or selling a house is a lot less stressful. I cannot even imagine all the paperwork there must be to buy or sell a house.
          • Silas Knight on

            I have never really understood how real estate agents can help. However, after reading this, I feel like I couldn't do anything without one! The infographic you have here is great, I didn't know that agents could show me houses that aren't visible to the public, that's great!
            • Wade Joel on

              I really liked your infographic because of how easy it is to read and understand. My wife and I are currently trying to buy a new house but are having trouble selling our old one. Like your article suggests that having a real estate agent would help us both find a new place to live and also help sell our old home.
              • April Cook on

                I'm planning on moving this summer, and I was going to try and do it on my own. After reading this I think I will hire a real estate agent to help me out. I wouldn't want to mess up ant of the legal requirements of buying and selling. It would also be nice to have someone help with the staging. Thanks for this great information!
                • Kyle O'Ren on

                  I like what you said about an agent being even more critical when you're buying a new home and selling your current one. My last agent was absolutely amazing when I was going through this because they could manage all of my showings at the same time as getting me out to see the kinds of houses I was looking for. If I didn't have an agent I probably would have sold my house before I bought a new one!
                  • Nathan Johnson on

                    Great article about the importance of a real estate agent and your infographic looks amazing. My parents are just about to put their house for sale and they are still unsure whether to get a realtor or not. I will have to show them this article because these numbers are impressive. "homes listed by an agent will sell for an average of 18 percent more than if the owner sold it." Thanks for the info!
                    • Lillian Moore on

                      I thought it was cool that realtors will not only list and market your current property, but they will also help you find your new home. That is so nice because sometimes finding a home can be super stressful and to add to that is the stress of trying to sell your home at a good price. I understand how great of a benefit a realtor is. I will be sure to use a realtor the next time I need to sell my home or buy a new home.
                      • Marie Watson on

                        Gino, thanks for explaining the benefits of working with a real estate agent. I didn't realize that an agent would be able to help you sell your house for almost eighteen percent more than it would sell for if you were doing it yourself. I also like the idea of being able to have my agent help sell our house and find us a new one. It seems like it can always benefit to work with someone who understands the market and the industry.
                        • Jessie Harrison on

                          My husband is starting a new job in another state. We decided that we need to start looking for a new home. As said in your third paragraph, looking for a new home while trying to sell your old one is a tricky task. Maybe I should take your advice and work with an agent.
                          • Lillian Moore on

                            I thought it was great that agents will know more about neighborhoods than anyone could possibly discover on their own, including information about active and sold properties or their prices. Realtors are a great way to get to know the area and understand what your options are. Keep in mind that you will also need to have set priorities so the realtor can find you a home that will work for your needs.
                            • Annie Frances on

                              I have a friend who wants to sell her house as she looks for a new one. I really think she should work with a real estate agent. Like you said, real estate agents can reduce the stress of buying and selling at the same time. I'll have to show this article to my friend. Thanks!
                              • emily bennette on

                                I like that you pointed out that a real estate agent is going to know a lot about the neighborhoods you are looking to sell or buy in. Knowing things about the neighborhood can be really beneficial if you want to know if the resale value will improve over time. That can be a thing that makes it a lot easier to purchase a home. That is because you know if you sell it in a few years you can get more money.
                                • property appraisal on

                                  very good review about real estates benefits.thanks for sharing.
                                  • James Bergman on

                                    I have to agree that it is a good idea to have a real estate agent to help sell a house. If you are great at marketing and will make sure your house stays online and has a lot of viewings, then you probably don't need help, but I can't think of anyone I know who can fit that into their daily schedule. Besides, the real estate agent will have more experience for what sites etc will have the most impact when listing houses. Not to mention that most people use real estate agents to buy houses.
                                    • Rockford Johnson on

                                      I learned a lot about real estate agents by reading this article. I really like how you explained that "agents know more about neighborhoods than anyone could possibly discover on their own, including information about active and sold properties, prices, etc." I have never worked with a real estate agent before but I can imagine how helpful one can be when it comes to buying/selling a home.
                                      • Lara Susain on

                                        No doubt Buying and selling a home can be a daunting task for anyone, especially when it is your first time. I have a personal experience. Thank You for sharing
                                        • oxford real estate on

                                          i am agree with you. thanks for sharing this post.
                                          • Rockford Johnson on

                                            We are looking to sell our home soon because of schooling. I didn't realize that a real estate agent can ensure that your selling price is one that is reasonable. I hope that we can find a good real estate agent that can help us to make our home attractive to buyers when we decide to put our home on the market.
                                            • Dennis Sanchez on

                                              My sister might be purchasing a new home and she is a bit reluctant to hire an agent. You mentioned in your article that a real estate agent know neighborhoods better than you probably do and they know when new homes are going to be available. With the advantage of knowing all the available homes and information about the neighborhoods, I think my sister would consider hiring an agent. Thanks for the read.
                                              • Elsa Anderson on

                                                My biggest worry about moving is finding a home in a good neighborhood so my kids can find some good friends. I like how you point out that real estate agents know more about neighborhoods than anyone could possibly discover on their own. This inside information would make deciding on a house much easier for my husband and I.
                                                • Rockford Johnson on

                                                  I learned a lot about real estate agents by reading this article. It was cool to learn that an agent can help you to navigate legal requirements. I hope this article can help us to avoid being scammed in the future when selling/buying a home.
                                                  • bcn-advisors on

                                                    You are right, it is always better to have professional advice to obtain greater benefits. It is also much easier and you gain time, that also means money.
                                                    • Braden Bills on

                                                      I want to get my home sold, but I don't know what to do! It makes sense that I would want to hire a real estate agent! They are professionals in that field, and they know exactly what to look for!