Are Real Estate Agents Still Important: Here Are 7 Things To Know
by Sumona Real Estate 13 November 2021
When it comes to the real estate industry, the role of agents cannot be emphasized enough. Whether you are looking to sell your property or are looking for a new one, in both instances, you require the services of a trained, certified, and experienced real estate agent.
The last few years have seen technology make a lot of headway in the real estate industry. The advent of online platforms where buyers and sellers can connect mutually has picked off. Some have even commented on how real estate agents and realtors will now become extinct!
However, just like any technology can be used for the good, it can also lose out if the human factor is completely ignored. Take the example of the tech property product, Zillow. It started with a lot of fanfare and gusto using its algorithms for property pricing.
However, overdependence saw the platform burn through cash and end up laying off 2000 employees! Yikes. This is one of the many cases where overdependence on technology has led to the downfall of everyone who believed in it.
Real Estate Agents are still popular and in no uncertain way, get the job done. In this article, we are going to list down seven reasons why real estate agents continue to be important for the sector. However, we would like to begin the article by discussing who a Real Estate Agent is.
Real Estate Agent: Who are they and what do they do?
In very simple words, a real estate agent is a professional that deals in the buying and selling of homes, offices, and any kind of real estate. They need to be certified and licensed by the government and state authority. A real estate agent acts on behalf of their clients in negotiating deals. They earn money through commissions, which vary between 2% to 5%.
Real Estate Agents specialize in the market. They have an awareness of the homes that are coming up for listing. They engage in long-term relationship building with existing and potential homeowners and connect buyers to sellers. It is also true that credible and experienced real estate agents also act as advisors to homeowners during a sale or purchase.
The following are some important roles that a Real Estate Agent fulfills-
- Carries offers and counter-offers between buyers and sellers
- Helps in getting the paperwork done for the agreement
- Uses his or her networks to connect new homeowners to contractors
- Steps in to help the new homeowners with financial requirements from banks
- Inspects the property and recommends the right market price to the buyers
As you can see from the list above, the role and importance of a Real Estate African-American in Boston, MA cannot be discounted. In the following section, we are going to look at seven important things you should know about real estate agents.
List of 7 Important Things Homebuyers and Homeowners should know about Real Estate Agents
1. You should look for a Real Estate Agent that is NAR Accredited-
The NAR or the National Association of Realtors is an institution that offers licenses and certifications to its members. Members of the NAR need to abide by a stringent code of ethics that makes them genuine, honest, and authentic in all their business engagements. If your real estate agent is accredited to the NAR, you can rest assured that they are credible.
2. Real Estate Agents possess a ton of information on the market-
Any probable new home buyer or seller should always look to add to their knowledge about the real estate market. One of the best ways to do the same is to onboard a certified and experienced real estate agent. They are not going to charge you any money for educating you on what should be done and what should be avoided. Both sellers and buyers can benefit a lot from this.
3. Great Agents can Negotiate hard on your behalf-
You might be surprised when you see some of the negotiation skills of leading real estate professionals. They can bring the price down or up, depending on who they are representing through logic, tact, and intelligence. This can open up excellent deals for you which would translate into the best VFM propositions. The pricing strategy is where you can benefit a lot.
4. Real Estate Agents get you in touch with Contractors and Designers-
Most homebuyers when moving into a new home are not too aware of the local contractors and designers. This problem can be solved easily by asking your real estate agent for referrals. Being in the market and industry, the best agents have tie-ups and connections with other professionals. This can make your job easy and make the work happen quickly and confidently.
5. They make the Real Estate Search and Discovery process easier-
Many homeowners that are looking to sell their property do not list it on online platforms. In fact, they do not even want to spread the word about what they want to do. The best real estate agents are aware of properties that are never expected to come on the market. In other words, they make the process of search and discovery very easy. This allows for a lot of options.
6. Addressing all the Paperwork involved in the Real Estate dealings-
There are so many different types of paperwork that need to be created, filed, and conveyed between the buyers and the sellers. From offer and counteroffer documents to verifying ownership papers of the home, there is a boatload of paperwork that is needed to be maintained. In this regard, a professional real estate agent can help you out with all your requirements.
7. Making the Negotiations move away from Emotional Aspects-
As a new homebuyer, you might be tempted to become emotional in your decision-making process. Real estate agents are commended for being objective, rational, and logical and taking homebuyers away from emotional considerations. This ensures that the buyer is not spending over and above the value of the house and protecting their financial interests in the process.
The Final Takeaway
There is no alternative to the kind of value a qualified, trained and experienced real estate agent can provide. Technology and software can become great tools for aiding, but the human factor cannot be discounted as far as this industry is concerned.
If you would like us to address any specific questions, that you might have, please let us know in the comments below. We would be more than happy to help guide you in the right direction as far as your agent search is concerned.