Why A Real Estate Agent Can Help Manage Your NY Property Sale
When it comes to finding real estate, knowing a real estate agent isn’t just ideal: it’s essential. Sure, some people honestly think that they can do all the legwork on their own, from canvassing multiple properties, cross-referencing their prices to current market trends, reviewing current market trends and calculating values, figuring out appreciation values, factoring in depreciation vis-à-vis the economy, inspecting all of these properties, and many, many more things. And that’s if you want to find real estate, it’s an entirely different ballgame when it comes to selling your property.
A lot of homeowners, unfortunately, mistakenly believe that they can probably go about the sale of their property on their own. And it’s a good idea on paper; after all, the typical real estate agent gets about 2-6% commission from the sale, so not hiring one seems like a great way to save dollars.
Reality (and real estate), however, do not work that way. Homeowners who list their property as FSBO (For Sale By Owner) have a high chance of underselling their property, not being listed by realtors at all, or worse, run afoul of their local and state laws.
Every state has its own specific laws that govern property sales, and New York has one of the most comprehensive –albeit extensive –property sales guidelines in the country. This means that property management in NY is a skill that pretty much any NY-based real estate agent needs to have. But how exactly does a real estate agent help you manage your NY property sale?
Real Estate Agents Keep it Real
Selling a home is always going to be an emotional process: maybe you’re trying to sell your childhood home, or you’re flipping a property that you painstakingly improved over a period of time. Regardless of the reason, homeowners are always going to have an emotional attachment to their property. That attachment is going to be an issue because it prevents homeowners from valuing their property honestly and accurately.
A real estate agent isn’t going to have these attachments, which means they can do a walk-around of your property and be removed from any sentiment that you might have. It’s not that they’re cold: real estate agents need to see your property exactly for what it is because they want to give you the most accurate pricing for your property based on your property’s condition, market demands, and a hundred other factors that a homeowner might miss because they’re too busy reminiscing about their childhood memories on that property.
But while real estate agents can remove themselves from the emotional aspect of a sale, they can also help protect homeowners from the emotional impact of a rejection. A sale can be painful and confusing for any homeowner as is, but when the property is rejected, it can be doubly hurtful. Thankfully, a real estate agent can not only provide a positive spin to the rejection, they can also help the homeowner understand that, while their memories are priceless, their physical property needs certain additions that could add to its fiscal value.
Real Estate Agents Help You Connect With The Right Type of Buyer
A good real estate agent has an extensive rolodex of contacts and buyers who can afford your property, but a great real estate agent will know the right type of buyer for your property. This is all part of a real estate agent’s knowledge on how to manage a property’s sale, whether in NY or other states. This is especially important if it’s a particularly emotional sale for the homeowner and they want their property to go to someone who will cherish it as much as they did.
This type of sensitivity is crucial if a real estate agent wants to maintain a positive working relationship with their client. After all, if their client specifically mentions that they want someone who will care for their property as much as they did, then the real estate agent needs to find someone who can do exactly that: they’re not going to sell it to someone who they know is just going to tear it all down.
Real Estate Agents Will Help You Get Paid
Real estate agents will tell you when a particular part of your property isn’t worth as much as you think; that being said, real estate agents will also tell you when your property is worth more than you think it’s worth. Remember: it’s a real estate agent’s job to know as much as possible about what makes a property valuable on the market. It’s a full-time job that requires extensive research and price checks and more extensive research and so on and so forth.
Now, a homeowner could do this on their own, but to be frank, a real estate agent can –and will –do it better.
Get In Touch With Us For Your Real Estate Agent Needs
Procopio Team at Hunt Real Estate prides itself of having highly talented and qualified real estate agents that can help you manage your property sales. If you’re in the market to sell a beloved piece of property, get in touch with us ASAP and we’ll connect you to a real estate agent that can help you get the right buyer for the price.