Why Do I Need A Real Estate Advisor?
When buying or selling property nowadays, you will find that a real estate advisor is usually part of the equation. This is a relatively recent trend in real estate, as home sellers and buyers typically did direct transactions back in the old days.
Some people still do manage to do it the old way, but more and more people are considering the services of a real estate advisor to complete the transaction and allow it to flow a lot smoother even with minimal involvement and contact between the seller and the buyer.
Of course, there are other considerations such as the cost of commission fees, but if you want to find a property or sell your existing property whilst saving time and effort, a real estate advisor is the person to go to.
In fact, you may even save on unnecessary extra costs by just paying for a real estate advisor’s commissions rather than making expensive mistakes by attempting to do it on your own.
Below are some of the advantages in hiring a real estate advisor:
1. Negotiations
It is but natural for sellers to want to earn more and for buyers to want to pay less. This natural tension between both parties can get a bit messy sometimes, especially in selling homes that usually have emotional value to their sellers.
It might not be easy for a seller to hear about the bad things that a potential buyer might say about his or her property. Also, a buyer won’t like being turned down by a seller. A real estate advisor gets in between and efficiently reducing the emotional strain by transacting for both parties and presenting objective data.
2. Convenience
A real estate advisor’s full-time job is to become the link between buyers and sellers of property. This means that they usually have complete access to as many properties as are up for sale.
This proves to be an advantage if you are buying since you do not have to do the search yourself. All you have to do is to approach an advisor, and he or she will have a long list of potential properties that match your requirements. This also saves you the hassle of trying to find a property that is directly sold by an owner.
For a seller, this could also be an advantage because you don’t need to take calls, answer queries, make appointments, and host viewings for potential buyers who may or may not want your home, and may or may not show up for an appointment.
3. Transparency and honesty
Real estate advisors are licensed individuals who are bound by law to act in their clients’ best interests. This means that they are unlikely to resort in being dishonest during a transaction since it has grave repercussions for them – especially since their business’ survival often relies on referrals or re-sales from their existing clients.
Thus, they will most likely do their best to please their clients and are unlikely to commit fraud or lie about the property they are handling.
4. Drafting contracts
A real estate advisor with the right expertise can help you manage the legal conditions involved in buying and selling a property. This protects both parties should any untoward occurrences happen in the timeframe that both parties are still involved such as being able to withdraw from an agreement or being able to sue if some set conditions are not met.
5. Savings
Many people think that hiring a real estate advisor just means an extra cost. This isn’t always true.
If you are selling property without the aid of a realtor, you might price it at a similar value to the properties in your area that are being sold with the aid of an agent. Now, a direct buyer may think that since you are saving on the commission, so he or she may want to buy it at a lower price.
Unless both parties are level headed and reasonable people, it would be difficult to overcome this situation.
