If you want to buy or sell a home, you might think that the best way to achieve this is to procure the services of a real estate agent.
While this may be a good move in some cases, there are a few arguments against taking this route, especially in the digital age.
To help you make an informed decision, here are the positive and negative aspects of working with a professional when dealing with property transactions.
Pro – Simplicity
First and foremost the reason that most people get a real estate agent involved in any property deal is that they want to take advantage of their expertise and also they are keen to cut down on the complexity of the process, or at least offload this to someone who is equipped to deal with the more arcane aspects of buying and selling a house.
Agents will be able to simplify most of these elements and plough through the mountains of paperwork so that you do not have to bear this burden solo. Given that moving is immensely stressful, such assistance may prove vital.
Con – Cost
Because of things like real estate agent commissions and other overheads related with working with a real estate professional, you can expect to end up with a bigger bill associated with buying or selling a home than if you decided to fill this role yourself.
Of course this may be a price you are willing to pay if you do not have the time or inclination to helm this transaction under your own steam, but it is still worth bearing in mind before you dive in.
Pro – Personalization
Looking for the right house to buy can be a chore in its own right. First, you need to find a suitable property that is within your budget and also meets all of the other criteria you might have laid out, then you need to factor in the location, the amenities and a cavalcade of other variables.
Once again, if you do not relish the thought of scouring property listings for hours on end, you can rely on a skilled, experienced real estate agent to do all of this for you, tailoring the options to just a few hand-picked homes that tick all the boxes.
Cons – Limitations
While an agent will be able to conjure up a list of appropriate properties for your needs and budget, these options will likely be limited to those premises which are listed with their agency or broker. As such, homes which are sold via rival organisations might be overlooked, whereas if you were searching on your own you would not be restricted in the same way.
In an age when browsing for real estate is a breeze thanks to the wealth of digital tools available, there is also less need for a professional agent. 52% of buyers in the US now look online before using an agent today, so this may already be on your agenda.
Ultimately you need to weigh up your options, consider your personal circumstances and avoid rushing into any decision related to real estate.