The Importance of a Realtor
Trying to navigate a real estate transaction in Los Angeles without a real estate agent is like trying to sail foreign waters without a compass. You may be able to secure Los Angeles real estate loans on your own without much difficulty, but that is only one small step of the larger process. A good realtor can explain the regulations governing your purchase, negotiate with the other party, and help you get the best deal possible. On this page, we'll explain more about why a realtor is important and how he/she can make your transaction as smooth as possible.
Eight Reasons to Hire a Real Estate Agent
Here are the top eight reasons why you should hire a real estate agent to help you with Los Angeles real estate loans and purchases:
- Getting or setting the right price. Real estate agents perform a competitive market analysis to evaluate home prices and trends in the area in which you are buying or selling. Their expertise will prevent you from over-borrowing with Los Angeles real estate loans or getting shortchanged on property you sell.
- Knowledge of the area. A realtor will know how much you can get for the money you're willing to pay in any given area.
- Broad network. Real estate agents have access to a multiple listing service that allows them to see all properties available in a certain region. You can expand your options with this network.
- Impartiality. If you are emotionally attached to a certain property, a real estate agent can help you maintain objectivity for a better financial outcome.
- Efficiency. A realtor can narrow down the list of real estate that fits your budget and your needs so you're not wasting your time on unobtainable or unsuitable properties.
- Contractual knowledge. The average person has no idea how to draft a real estate contract and could be easily taken advantage of. A realtor can help you draft contracts and review Los Angeles real estate loan documents.
- Negotiation skills. Real estate agents can provide sound advice on whether to accept, reject, or modify an offer to sell or buy a property. A realtor also knows how to arrange for home inspection, title searches, and real estate lawyers.
- Marketing knowledge. If you are selling a property, an agent will compose a marketing plan of how he/she will sell the real estate (e.g., open houses, advertisements, etc.). For buyers, realtors will know how to use sellers' marketing to your advantage to find the property you want.