With a national pandemic gripping the world and most people under a mandatory stay at home order, the real estate markets uncertainty is unparalleled. The Coronavirus pandemic hit fast and hard, basically shutting down the world simultaneously. Nothing in human history has ever affected our economy in quite the same way or changed the way we live our lives moment to moment. The current situation has changed the way we look at business, physical interactions, and socializing with others.
While negative effects are front and center right now, as people unite across the country to control the spread and flatten the curve of Coronavirus cases, we know we will return to some semblance of normal times again.
Despite this, many industries will feel the lasting economical effect for years to come. In fact, most of these impacts will affect every person alive well into the future.
Home values nationwide will feel the effects profoundly with some areas being affected worse than others. Which is why having a trusted Real Estate agent representing you is more important than ever before when your selling or buying a home.
How Can A Realtor Help Me Sell My Home?
Many people think they can sell their own properties and save the real estate commission. Real estate commissions vary around the country and are typically based on a percentage of the sales price. While at first glance it may feel like a lot, when you think about what a Real Estate agent does to complete the transaction, it is a drop in the bucket.
A Realtor is a trusted guide to help you navigate your local Real Estate market. They will present the best options and possibilities for selling your property, for the most money, as quickly as possible.
Moreover, Real Estate agents are the experts about your community and have a proven track record of verifiable sales. They will know how to price your home based on market research and are the experts on what needs to be done to get your home ready for sale. This has always been important but is even more so now during the uncertain times we face. Pricing your home correctly will make or break your sale every time.
Real Estate agents handle marketing your homes for sale to the best qualified buyers looking to close quickly. They will also coordinate the key ingredients that ensure a smooth closing and other important things like suggesting title companies or lenders that can assist potential buyers getting a home loan through fast.
Should I Hire A Buyers Agent?
If you are searching for a new home, hiring a buyer’s agent is one of the best things you can do to protect your interests during the process. Their purpose is to make sure you’re getting the best deal for the home you love and that takes a lot more effort than you may think.
A buyer’s agent represents you! They will start by meeting with you to discover what you find important in your new home and then showing you properties that meet your lifestyle needs and expectations.
They can inform you about important things like school districts, local home values and expected market trends in different types of communities. They can provide specific community details and guide you to properties that meet your needs, in neighborhoods you may not know existed.
Your buyer’s agent will help you understand the total cost of owning one home vs another. When you find the home you love and are ready to purchase, your buyer’s agent can advise you on the best offer to make. They will be help you through the negotiating process, the inspection period, the appraisal, the lending process and will be there for all your needs right up to closing.
You might not know how many variables there are in a real estate transaction, which begins with the buyers offer to purchase, but your buyer’s agent does. You may need sellers’ contributions, extended inspection periods or other details that make the deal easy or much more difficult depending on various factors. Your buyer’s agent will see you through the transaction from start to finish taking the burden of knowing how to navigate the process off you.
Finally, a buyer’s agent does not typically cost you any money whatsoever as the commission is usually paid by the seller.
Having a Real Estate agent represent you while buying a home is a no brainer situation. You get all the benefits with none of the cost!
Why a Realtor is right for YOU!
Whether you are buying or selling a home in 2020, it is never been more important to have a professional Real Estate agent represent your interests. A Realtor can insulate you from making a mistake that could cost you money in the short or long-term.
From navigating the changing housing markets, to properly listing your home for sale, to ensuring you buy the best home for your needs, a Realtor provides invaluable resources and services.