When it comes to buying or selling a property, you are faced with some hard decisions, one of which being should you or should you not contract a real estate agent to help you with the process. Whilst there are people who decide not to due to the fees, there are others that swear by it, based either on their own experience or that of a friend or family member. Here are S4les we are going to highlight the key points as to why you need a real estate agent when buying a property.
They save you time and money
A real estate agent has experience in the field and with the processes involved with buying a property. They can help you speed up the process by processing the documentation on time and complying the deadlines for when the said documentation. Not only this, but they are also legally obligated to put your needs first. This means that any potential problems that the real estate agents see with the property, they are obligated to tell you, which could save you a substantial amount of money in the long run.
A well-experienced real estate agent can also help you craft a competitive offer when it comes to expressing your interest in a property. Considering your needs and wants alongside the current market trends, a real estate agent can form a competitive offer for the property that you want.
They have knowledge of the system
Aside from saving you time when it comes down to buying a property, a real estate agent is also accustomed to the process of purchasing a property. They know all the ins-and-outs of the process, and know how to advise you as to any pitfalls that you could encounter in the process. Furthermore, they are aware of both local and national laws, which would take an untrained person a lot longer to understand and get their head around. When purchasing a property, there are around 25 legal documents that need to be handled, which can be a long and seemingly never-ending process for someone who is not used to such documentation. Alongside this, a real estate agent can resolve any unpleasant issues that may come up doing the purchasing process. In numerous instances, by the time the real estate agent informs you of the issue, they will already have the solution prepared – saving you from unneeded stress.
Not only is a real estate agent able to handle the complicated documentation when it comes to purchasing a property, but they also put in place contingencies to help you. A contingency is a sales agreement, a clause that states a certain condition must be met in order for the sale to proceed. An example of this would be a home inspection contingency. This contingency allows the buyer to retract their offer and not waste their money on a property that they no longer see as a viable investment, if it didn’t comply with the clause.
They are well-connected
When looking for a property you can normally find them through property listings that are made public. However, did you know that real estate agents have access to unlisted properties? There are many reasons why a property might be unlisted: it may belong to a high-profile person who wishes to sell without drawing attention to themselves, a person going through a divorce, or a property that already has tenants. Whatever the reason why the property is unlisted, only a real estate agent can get you a viewing for this type of property. This isn’t the only contact that a real estate agent can help you with. A real estate agent also has years of experience in the business, and they know whom to go to for each specific thing, meaning that not only are you getting help with the purchase of your property, but you are getting the tried and tested best that the industry has to offer.
They are pros at negotiation
If a real estate agent has lasted years in the business, you can be pretty sure that they have a lot of experience in the field and more importantly than that: they have a lot of experience negotiating. They are trained to be able to negotiate well and using their extensive knowledge of the area, current property trends and market trends they will be able to help you negotiate the best price for the property that you want. Not only this, but they do not have an emotional connection to the property, which allows for their judgement to not be clouded during the negotiation process. This could save you money in the long run, as a real estate agent could stop you making an unnecessary spend on a property that is not worth it.
They know what to look for and are obligated to put your needs first
A real estate agent cannot last long in the trade without being able to recognize all the red flags when it comes to purchasing a property. The eye of a real estate agent is trained to spot telltale signs of potential problems in a property that could end up costing you money. Common issues such as mold, plumbing issues and structural concerns are normally identified by a real estate agent and reported to you, saving you time, stress, and money.
Not only this but when looking at purchasing a property a real estate agent does a comparative market analysis and knows important data such as crime rates, local schools and demographics alongside other important factors. This type of in-depth research could be overwhelming to those not used to doing it, and those who don’t know where to start.
As experts in the areas of Manilva, Estepona and Casares, if you are looking for a property in one of these areas, then we here at S4les are here to help. Our real estate agents can help you with everything that has been mentioned above, and will see you through the whole process – helping you every step of the way. From listing to closing, our real estate agents are the one thing you can’t go without when purchasing your dream property.