Reasons Why Buyers Should Hire a Real Estate Agent
It’s the Developer paying the commission, not you!
The most common reason Investors tend to avoid Real Estate Agents when looking for property is because they believe there will be an extra charge. This untrue stereotype should be done away with and people should do more research before making such conclusions. Usually when the Real Estate Agents get into written agreements with Developers / Owners, there is a basic commission of 3% of the purchase price when a client makes the payments. This however has no correlation with the developer’s asking price.
Comparison of property
Visiting a Real Estate firm gives you a wide range of properties to choose from; usually they Agents try to have as much property as possible in order not to get out of touch with unconventional trends in Real Estate. Buyers can therefor Cherry-Pick property from the list of available ones where it’s possible to get a better deal.
Getting Point information
It’s quite important that you get to know all details of the property; after all you’re injecting money into this investment which you will hold onto for as long as you wish to. Take your time and ensure you are well furnished with adequate info about the property. In all businesses its pretty obvious that word from the seller cannot be fully relied on, usually they don’t necessarily tell you all the cons that come with the deal, after all they want is to sell and move onto the next property. A real Estate Agent, who in this case will be nonpartisan, is in a better position of giving reliable info.
Take advantage of the Experience
Generally Agents know what to look for and all you need to do is state your budget so that your Agent can suggest the suitable location, and type of property for that price range. Agents have high level of networks which makes it easy to get notifications of what’s happening around. In a nutshell detailed info is just a phone call away for almost all agents.
An agent can hand over researched, current, and reputable data regarding a neighborhood’s demographics, crime rates, schools, and other important factors. That’s a lot of time-consuming research to do on your own, particularly if you don’t know where to start.
Agents Have Superior Negotiating Skills
You might not be a negotiation shark if you don’t happen to be an attorney, mediator, union rep or a real estate agent. Remember that fiduciary responsibility your agent has to you. It’s your agent’s job to get you the best possible deal on the property you want to buy.
Top agents are capable of negotiating on behalf of the buyer or seller. They have no emotional connection to the sale and can therefore focus on the transaction alone. They are professionals, who are trained to represent their client and get them the best deal possible.
Strong Educational background on Real Estate
A real estate agent will have the education and experience you lack. Hiring a professional could relieve stress and make the process of purchasing or selling your home much simpler. I don’t mean to bust your bubble this is what Agents do every day their level of knowledge is definitely better that yours.
Check out some of the registered Real Estate Agents in Kenya
