Why Hire Home Real
Estate Agent

Aside from the fact that selling a house is typically the
largest financial transaction in your life, and that you probably
have no or little experience in real estate, and that you
may have an enormous emotional attachment to your house, there are
at least two pressing fears: 1. You will sell the house for far
less than it is worth and 2. You will not be able to sell it
all.
If you're selling a home, you need a licensed real estate
agent. Without the proper knowledge of how to sell real
estate and the paperwork and procedures involved, you could end up
shooting yourself in the foot. Using a real estate agent to sell
your home will cut back on headaches and ensure that all
appropriate steps are being followed and documentation being
completed.
An experienced successful real estate agent will be able to help
you select a sales price that will help you sell your house faster
and potentially for more money.
Good agents have the experience of selling homes in your
area and understand what pricing strategies work best. Some areas
require a medium sale price, which attracts buyers, but offers
little room for negotiation. In other areas, the pricing strategy
may be to offer a low price and allow potential buyers to bid it
up. A good real estate agent's experience in this area could be
very valuable.
Shelley O'Hara, author of 'The Complete Idiot's Guide to Buying
& Selling a Home,' says, "When you announce your desire to
purchase a house, you may be surprised at the number of real estate
people who want to represent you. Agents come out of the woodwork.
You won't have to worry too much about finding an agent -- you do
need to worry about finding a good one." We agree.
Real estate agents work out of real estate offices. They work
with the office as independent contractors to help sell homes. When
choosing a real estate agent, be sure to stick with the larger
offices. A no-name office doesn't have the resources necessary to
sell your home fast and for the best price. The bigger, more
established real estate offices often have a network of agents and
other real estate professionals that can serve you and your
specific selling needs.
And try not to complain about their commision. They take
home very little of it. As an example we wil take an average
$300,000 house. First of all, a 6% real-estate commission is
typically split between the seller's agent and the buyer's. Each
agent then kicks back half her take to the agency. Which means that
only 1.5% goes directly into the agent's pocket. So on a sale of
your house $300,000 house, her or his personal take of the $18,000
commission is $4,500. Still not bad, you say. Out of that she or he
has to pay advertising expences, printing, car, gas, signs etc. By
the time all expenses are paid there is very little left for the
agent.
It should go without saying, but buying a home, no matter if it
is brand new or not, is not like going to the store to pick out a
head of lettuce. Even new homes need to be researched fully and
inspected to make sure that you are investing your hard earned
money in a product that is solid and will maintain value over
time.
You real estate agent can be a great resource for this type of
research but no matter how you accomplish it. However, make sure
you do your homework on any home purchase, even a brand new
construction, and have it inspected prior to any closing date.
The most important thing when either buying or selling a home is
to select the right real estate agent, but people usually go about
it backwards. They read a newspaper or get one of the home
magazines in the supermarkets, and they call about a home they see
advertised. They should first select the real estate agent -- one
who will understand what they need and can navigate the system for
them.
If selling, ask the real estate agent how he or she would market
your property. Understand that some agents may prefer to first tour
your property and then put together a comprehensive customized
marketing plan to present at a later meeting.
Selling your home is a big event. The home selling process is a
large undertaking that requires the expertise of a real estate
agent. So if you're thinking about selling your home, don't go it
alone. Use the advice above and find a reputable, reliable, and
helpful real estate agent.
Before you hire an agent to help you buy or sell a home, you
should interview at least three agents in person. In order to do
this, first get recommendations from friends, family and neighbors.
Then look on the web, in homes magazines and the local newspaper to
see what kind of marketing the various companies are doing in your
area and call a few that impress you.
Keep in mind, most real estate agents never graduate from school
-- and that's a good thing. From the time they apply for a license,
right up until retirement, learning more about what they do is a
required part of the job. Continuing education in the field and off
is what separates the pros from the Joe Blows and from the FSBOs.
Also, most real estate consumers, 74 percent, are so satisfied with
their real estate agent they would use them again, according to the
National Association of Realtors (NAR).
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