I’m relatively new to the real estate industry here in The Bahamas, and in the short time I’ve been working as an agent, I’ve noticed something interesting about our market. Most people don’t know how beneficial it is for them to hire a real estate professional. Here are 10 reasons why you should:
1) Education & Experience
You don’t need to know everything about buying and selling real estate if you hire a real estate professional who does. This is their profession.
2) Agents are Buffers
Agents take the “spam” out of your property showings and visits. If you’re a buyer of a new home, your agent will whip out their sword and keep the seller’s agents at bay, preventing them from biting or nipping at your heels.
3) Neighborhood Knowledge
Agents either possess intimate knowledge or they know where to find the industry buzz about your neighborhood. For example, you may know that a home down the street was on the market for $350,000, but an agent will know that it had upgrades and sold at $285,000 after 65 days on the market and after twice falling out of escrow.
4) Price Guidance
Contrary to what some people believe, agents do not select prices for sellers or buyers. They merely help you make a sensible decision when it comes to pricing your home or preparing an offer.
5) Market Conditions Information
Real estate agents can disclose market conditions, which will govern your buying or selling process. Many factors determine how you will proceed.
6) Professional Networking
Real estate agents network with other professionals, many of whom provide services that you will need to buy or sell.
7) Negotiation Skills & Confidentiality
Top producing agents negotiate well because, unlike most buyers and sellers, they can remove themselves from the emotional aspects of the transaction and because they are skilled. It’s a part of their job description.
8) Handling Volumes of Paperwork
One-page deposit receipts were prevalent in the early 1970s. Today’s purchase agreements run 10 pages or more.
9) Answer Questions After Closing
Many questions can pop up that were overlooked in the excitement of closing. Good agents stand by to assist.
10) Develop Relationships for Future Business
The basis for an agent’s success and continued career in real estate is referrals.
Now that you know the benefits of hiring a real estate agent, give me a call!
*based on a chart made by Jensen and Company*