This is the era of technology and you can’t find a single person without a smartphone. Internet is paving its way in all the sectors. Everything is online…it is so easy, that you can sit in the comfort zone of your home and shop across the world and the product will be at your doorstep in a few days’ time.
It’s difficult to imagine that a large industry like Real Estate would ignore the internet.
Today there are millions and millions of websites that have sprung up for the convenience of home buyers where you can easily surf through various options and select the dream home of your choice.
With various opportunities available, you can easily sail through the most important and in most cases the largest transaction of your life. According to National Association of Realtors, around 90 per cent of home buyers start their search online.
Even though technology empowers the home buyers with many choices in their smartphones, no one can replace or substitute the service and expertise of an experienced agent.
They are the ones who know the local market like the back of their hand, have access to fresh sales data that can save your time and money and help you make the right choice.
In the last two decades since the internet has become popular, real estate agents have reinvented themselves by adopting new ideas and initiatives.
As per Mr. Greg Jaeger, President at USAA Residential Real Estate Services and a former real estate agent, “Buying a home is not like purchasing a plane ticket; an agent can help prepare the seller for offers that are intentionally too low, an agent can keep you calm and focused on the end game.”
He further said that “When making one of the biggest financial decisions of your life, it’s important to have a trusted, experienced counselor by your side”.
According to a report in the year 2015, 42 per cent buyers searched their home online before shifting their focus on traditional methods, while 14 per cent contacted real estate agents first.
Even though many people like to check out the homes online first, but still 90% of all Real Estate transactions are still closed with the help of a Real Estate Agent.
The property websites are there to help, but replacing a real estate agent (a human) is still a far-fetched idea.
Today, the traditional Real Estate agents who wanted to hide most things from customers are vanishing fast, and Tech Savvy Agents who are willing to help and educate the customer are not just doing well but in fact thriving in this internet age.
Let us look at 5 compelling reasons why you should hire a Real Estate Agent today:
Access to Good Properties that are not advertised on Portals
A real estate agent is one who maintains the link between a buyer and a seller. He has the list of all the properties that are on sale in the area of your choice and he can get the right property deal by creating a mutual benefit for all the respective parties.
Real Estate Agents are also part of their professional networks where they share their property lists. If you search only on online portals, you are going to miss out on these properties where you could have found a great deal.
Having expertise in the field, he is a master negotiator. Generally buyers and sellers are not professional sales people or negotiators. Moreover, they do not know the exact market price going on in the market.
The price quoted on classified websites is the Ask price and not the actual Deal price. So, when a buyer and seller negotiate independently, it becomes very difficult for them to arrive at a common price and the deal falls through in most cases.
Now, on the other hand, a Real Estate agent knows all property valuation methods & techniques to arrive at the right price of a particular property. With a professional agent by your side, the deal can be closed without any hitch.
Understanding and Creating Contracts
A home buying and selling can never be over without proper documentation. A real estate agent brings expertise and maturity while drafting the Sale Deed and other property documents.
As he works on the contracts and conditions on a regular basis, he is familiar with the terms and can easily guide to prepare the draft without errors. In a way, you can rest peacefully once you know that your contract is in safe hands.
Although internet has made our life easier in the sense that we can access information on our fingertips. However, it also poses a challenge. When you search for a property online, the choices that you get can sometimes overwhelm you.
You may not understand which property is good or bad for you. Every house is unique. One may not have a great location, another could have pest problems and yet another may not get enough sunlight. This kind of information is not available online.
Now, if you hire a Real Estate Agent, he can show you only shortlisted properties as per your taste and preferences so that you don’t have to waste your time in limitless online search and visiting many bad properties.
When you search for a property, you would want to check out the locality – markets, schools, access to home services, transportation facilities in the area etc. A Real Estate agent can advice you a good location and accordingly a good house that you would like immediately.
Like other advisory services, a Real estate agent’s services are still very useful. Online portals cannot replace the professional human advice.
Online portals provide good information but still you should hire a Real Estate agent to close on a property. Just to save a few bucks, you don’t want to buy a house that you don’t like later or end up in a deal that would eventually turn out to be more expensive.
I hope you found this article useful. What are your thoughts? Should we hire real estate agents or should we not?