Is It Worth Hiring A Real Estate Agent
So you’re looking at houses for sale in New York or maybe you’re checking out prices because you want to sell your own home. One question that will undoubtedly cross your mind is whether you should hire a real estate agent? If you’re a buyer, especially a first-time home buyer, you might already be inclined to do so for the guidance they provide during the buying process. But if you’re trying to sell your house, you might be thinking it’s better to list is as FSBO – For Sale By Owner. While you could save little by not having to pay for the commission of a New York real estate agent, a 2017 study indicated that FSBO properties fetch about 30% less for their owners than agent-listed properties.
To give you a short answer: yes, it is very much worth it to hire a real estate agent or a real estate company in New York. Here are just a couple of reasons why getting an agent will be a huge help for you, whether you’re buying or selling.
Dealing With A Mountain Of Paperwork And Coordination
Whether you’re buying or selling, process of each requires the filing of a lot of documents and simultaneous coordination with many different professionals. If you were planning on doing this on your own, you better prepare yourself for the flurry of paperwork that’s to come. A buyer’s agent and seller’s agent will help their client with all these documents and will also guide them on what they should be doing at each step. Not only does this make the work easier, but it also assures the buyer/seller that they’re completing each step properly and that all paperwork is filed correctly. This prevents any unwanted delays in the transaction, letting you close the deal much quicker.
Knowledge Of The Market And Local Regulations
Another major reason why anyone would want to get the services of a real estate broker in New York is for their knowledge of the local area. Each area and neighborhood will differ greatly when it comes to the market and the regulations that govern that market. Neighborhoods within the same county can vary greatly in prices, and real estate agents keep themselves up to date with current market trends and prices in each neighborhood. This allows them to recommend you the best areas for you to live in and also let you know when you’re faced with a property that is actually a great deal for what you’re looking for.
Local regulations when it comes to real estate can also change from town to town. Even if you’re used to buying properties in other areas, securing a property in the Syracuse area may come with certain rules or requirements that you have never faced before. An agent will be of great help in this area as they would have executed several deals in the region they specialize in and will be familiar with the local rules.
Experience, Skill, And Customer Service
Lastly, one of the most obvious reasons why you’d want to hire an agent is for their skill and experience. Having someone who is a veteran when it comes to buying or selling homes is a valuable help. Not only do they have an expert eye that can spot red flags or great opportunities, but they also have a wide network of peers and access to tools such as Multiple Listing Services that allow you to reach a wider market and buy or sell a home quicker.
All licensed real estate agents also have a “fiduciary responsibility” to their clients, meaning they are legally bound to put their client’s best interests first. This way, you’re assured that your agent is working to help you get the best deals and not just push the deal along to try to make a sale.
Contact And Agent And Learn More
These are just a handful of the benefits you can expect when you hire an agent to help you buy or a sell a home in the Syracuse area. To learn more, contact a real estate agent today or a licensed real estate company in New York like Procopio Team at Hunt Real Estate. Let us make selling your home a quick and hassle-free experience.