If you have been in the real estate market for some time now, you may have noticed how crucial it is the role of people is involved in the property transaction. We are talking about real estate agents and brokers here. Take a scenario of an experienced investor with more than a dozen properties, all in well-established areas. Should the investor sell on his own, since he has done the buying and selling numerous times through an agent and knows the ins and out of the process? What about the tax advantages of buying and selling at the same time or within a certain time frame? What are the chances of attracting the right kind of buyers for the properties? Will agents expose those properties to a bigger market compared to doing it all by himself? All these questions and doubts will naturally come to his mind. One thing is clear though.
The advantages of buying or selling through agents like UpNest is exponentially more than going solo in some markets. Simply because agents have an extensive network of other agents who know the demands that are not visible on the internet. They know investors who are looking for a certain property closely matching what the sellers have to sell. They know buyers and sellers personally and can keep in touch with investors instantly. Above all, they know the right kind of price sellers can expect from a certain property in a certain neighborhood, because they have done similar transaction hundreds of times.
Wherever you are on the real estate game-board, whether your story is similar to the above scenario or not, you are wise if you have picked up a knowledgeable agent to assist you. These agents will tell exactly what you need to arm yourself to buy or sell profitably. Of course, there are fees and commissions to these agents, and in a few cases, it may make perfect sense to sell or buy without their involvement. We are not talking about a perfect market here. This is about a market where prices are uncertain, demand or supply is unclear, and sellers are having a hard time finding multiple bids. This is when a seller needs the help of a professional in one’s home selling.
Remember that not all agents are good in this field. They range widely in knowledge, ability and understanding how the market moves. Every region requires that they acquire relevant licenses before serving clients. Many states also require thirty or more hours of study followed by exams. A large number of agents fail those exams. Those who pass, go on to become expert in their field and serve well in their communities.
The best part of the sale when you know that the agent you hired is worth the fees and commission is when the buyer is willing to pay your price and there are multiple offers on the same property. This is ideal. Sometimes, luck can be on your side, other times it may not. Nevertheless, you can increase the likelihood of a slick sale by choosing a reliable agent.