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What are the advantages of selling or buying with the help of realty professional? Why can't I just do it on my own?
Simply put, real estate agents know what they're doing. They are trained, qualified, and experienced in this field. Buying or selling property is a very important decision that you will make in your life, you will want to do it right. Would you go to a court to fight a big case without a lawyer? Would you trust yourself to treat a medical condition you have without the help of a doctor? It is the same thing with real estate. Real estate agents also have access to something called the MLX exchange, which is not accessible by the public. It's the main source when it comes to property listings.
If you are selling your home, it will get the most exposure by being in the MLS. The same goes for if you are buying; you now have so many more choices than you would have had otherwise. It seems that so many sellers are more reluctant to go through an agent than a buyer is, and we know why,
this is- because they do not want to part with that small percentage of the final selling price (the realtor's commission). Here's an easier way of looking it at, then. Perhaps you have a property that you are confident will sell for around $500,000. You decide to sell it on your own. However, with your busy lifestyle and your job, you just can't put all your energy into selling it. You really try, but it's just not as much as a realty professional would.
You don't even know where to start, and there is so much you do not know. Your choice of buyers also gets cut down alot as well because all of those buyers that have a realty professional won't even know about you because your property is not listed. Much time passes, and your property ends up selling...for $400,000. However, if you had a realty professional, the chances would have been SO much greater that it would have sold for the $500,000 you were originally asking for. You were so worried about losing that $30,000 (the 6% commission the realty professional would have made after selling your property) but now you are out $100,000. Would you rather lose $30,000, or $100,000? The answer is probably quite clear to you.
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