The Benefits of Using a Realtor Versus For Sale By Owner

If you are in the process of buying or selling real estate, you have some major decisions to make. A key, primary decision that needs to be made at the outset is whether you should retain the services of an experienced real estate agent of broker. The alternative is to go the for sale by owner, or FSBO, route. For most people, there exist some very real, significant benefits to electing to retain the services of an experienced, skilled real estate professional as opposed to trying to buy or sell real estate on your own. 

Education and Experience Matter

One of the most significant benefits of using a Realtor as opposed to going the for sale by owner route is education and experience. A Realtor has the training and experience necessary to understand how the real estate market works. 

While this is not meant as any reflection on your own intelligence, but unless you’ve spend a great deal of time involved in the real estate market, you will not have the precise type of education and experience sufficient to match what is fund with a skilled real estate agent or broker.

Price Guidance

A vital benefit that can be gleaned from engaging a real estate agent, rather than going it on your own, is what best can be called priced guidance. In the absence of an experienced Realtor, you are wandering somewhat in the dark when it comes to price issues associated with buying or selling a home.

An experienced, skilled real estate agent or broker has his or her own knowledge about property pricing. In addition, a real estate agent or broker has access to resources that can be of vital importance when it comes to the appropriate price for a piece of real estate. 

Market Conditions

Timing is everything in life, but it particularly is so when it comes to buying and selling real estate. Unless you have a strong background in real estate, and have been analyzing prevailing market conditions, you really must seek out a Realtor. A Realtor devotes a great part of his or her time considering and analyzing real estate market conditions.

In addition to an expansive amount of time spent on studying market conditions, a Realtor has access to expert market analysis. Because trends in the real estate market can shift and alter in short periods of time, this type of resource is crucial to making truly educated decisions about buying and selling real estate. 

Professional Network

On the plus side, a benefit of retaining the service of a real estate agent or broker is the network of other professionals that a Realtor typically has. The sale and purchase of real estate necessitates the assistance of professionals beyond the Realtor. These can include title insurance company, mortgage lender, and property inspection and so forth. 

If you go the FSBO route, you will not have ready access to these professionals. Indeed, you are not likely to have the resources and background necessary to make a thoroughly informed decision about who to hire in this regard. 

Dealing with Paperwork

Buying and selling real estate involves a tremendous amount of paperwork. Moreover, the paperwork must be completed with accurate manner of significant issues can arise. These issues may not arise immediately, but the can rear their ugly heads over time. This can even result in major issues related to the title to the real estate.

Negotiation Skill

Negotiation over the sales price, and other issues, is a major element of a real estate transaction. No matter how adept you may feel you are at in negotiations, you likely do not have the level of experience and skill of a licensed real estate agent or broker. With a Realtor, you will have someone on your team that is highly capable of negotiating the best deal for you. 

Best Financial Deal

Research reveals that much more often than not, a person represented in a real estate transaction by a real estate professional ends up with a better financial outcome than if that individual elected to buy or sell real estate without that type of help. In other words, the costs associated with engaging a real estate professional typically is more than offset by a better financial deal for the buyer or seller got this assistance.

Keep in mind that a Realtor will meet with you at no cost to explore options available to you. A Realtor will explain how he or she can be of professional assistance or you.

Jessica Kane is a writer for Viking Fence, the number on fence rental company in Houston.

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