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Why should Hire a Real Estate Broker?

If you’re thinking about buying a home, you may wonder whether you need a real estate broker. There are plenty of resources for a buyer these days, from online search sites to how-to guides. But a broker has something no buyer – particularly a first-time buyer – does: a wealth of experience. A broker will work as an advocate on your behalf and, in most cases, will get you a better deal than you could get yourself.

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Why should Hire a Real Estate Broker?

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  1. Why should Hire a Real Estate Broker? Slope Style Realty Christy Wilkey & Caroline Krumel

  2. If you’re thinking about buying a home, you may wonder whether you need a real estate broker. There are plenty of resources for a buyer these days, from online search sites to how-to guides. But a broker has something no buyer – particularly a first-time buyer – does: a wealth of experience. A broker will work as an advocate on your behalf and, in most cases, will get you a better deal than you could get yourself.

  3. 1. Education & Experience Real estate brokers have first-hand knowledge and experience of the real estate market. You likely don’t know exactly what the market is like right now in your area. Are homes generally selling for 97 percent of asking price? Can you expect to compete against multiple offers? Do you know what it takes to win against other bidders? If you want a three-bedroom detached home, what should you expect to pay? What’s the inventory like? Your agent will be able to counsel you on these topics. The best way to get an offer accepted at a price that’s in your favor is to know the market intimately – and a local real estate broker does. 2. Negotiating Is Tricky Business Brokers take the spam out of your property showings and visits. If you're a buyer of new homes, your broker will whip out her sword and keep the builder's agents at bay, preventing them from biting or nipping at your heels. If you're a seller, your broker will filter all those phone calls that lead to nowhere from lookie loos and try to induce serious buyers to write an offer immediately.

  4. 3. Contracts Can Be Hard To Handle An experienced real estate broker deals with the same contracts and conditions on a regular basis, and is familiar with which conditions should be used, when they can safely be removed and how to use the contract to protect you, whether you're buying or selling your home. 4. Market Conditions Information Real estate agents can disclose market conditions, which will govern your selling or buying process. Many factors determine how you will proceed. Data such as the average per square foot cost of similar homes, median and average sales prices, average days on market and ratios of list-to-sold prices, among other criteria, will have a huge bearing on what you ultimately decide to do.

  5. 5. Real Estate Brokers Can't Lie Because they are licensed professionals there are more repercussions if they do than for a private buyer or seller. If you are working with a licensed real estate broker under an agency agreement, your broker will be bound by common law to a fiduciary relationship. In other words, the broker is bound by license law to act in their clients' best interest (not his or her own). In addition, most realtors rely on referrals and repeat business to build the kind of clientèle base they'll need to survive in the business. This means that doing what's best for their clients should be as important to them as any individual sale. 6. Professional Networking Real estate brokers network with other professionals, many of whom provide services that you will need to buy or sell. Due to legal liability, many brokers will hesitate to recommend a certain individual or company over another, but they do know which vendors have a reputation for efficiency, competency, and competitive pricing. broker can, however, give you a list of references with whom they have worked and provide background information to help you make a wise selection.

  6. 7. No Additional Cost Many people eschew using a real estate agent to save money, but keep in mind that it is unlikely that both the buyer and seller will reap the benefits of not having to pay commissions. For example, if you are selling your home on your own, you will price it based on the sale prices of other comparable properties in your area. Many of these properties will be sold with the help of an agent. This means that the seller gets the keep the percentage of the home's sale price that might otherwise be paid to the real estate agent. 8. Find the Right Fit Finding a good broker is important. Ultimately, you will want a brokers who’s knowledgeable, dedicated and who has no conflict of interest. 

  7. For further Details VISIT US http://www.slopestylerealty.com 435-565-1492 Info@slopestylerealty.com

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