For the most part you don't need to know everything there is to know about Buying and Selling Real Estate if you hire a true professional Realestate agent who does. The trick is finding the right Realtor, ask the right questions, and ultimately hire the right TEAM!
2) Setting Your Selling or Buying Price
Real Estate Agents will help guide their clients to make the right decisions about price. Real Estate Agents do not set the prices for their Buyers and Sellers, Basically market supply and demand will do that for us. Then based on the information we have you can make the best educated decision on how much to spend on a given property.
3) Real Estate agents act as buffers
Having an experienced Real Estate agent will help calm the emotion out of the negotiation process. It will help keep all other parties at bay and allow you to concentrate on what's important to you.
4) Professional Contacts
Real Estate agents network with other professionals in related fields that you may need in the buying and selling process. Real Estate agents deal with loan officers, inspectors, title companies, appraisers, other agents, contractors, almost on a daily basis-- Use their experience and expertise to your advantage.
5) Knowledge of Neighborhoods
Realtors have great knowledge of neighborhood statistics. They can access a great deal of information about home sale prices, schools, time on market, and many other very useful details. Wouldn't you want to know what the other similar homes to the one your interested RECENTLY sold for.
6) Correctly Handling the Paperwork
There are loads of paperwork that needs to be handled correctly from start to finish. A common question I hear is "Is this normal for this type of transaction" an experienced Real Estate Agent can handle all the paperwork properly to help make the transaction go smoothly.
7) Determining Market Conditions
Realtors can disclose current market conditions. See types of Market Conditions page for more info on that topic. Data such as average price per sq foot, average sales prices, average days on market, and ratios of list-to-sold prices, among other things will determine what you ultimately decide to do.
8) Negotiating
We can negotiate very well due to the fact we can remove ourselves from the emotional aspects of the transaction. We are not just a go between, we are trained to present our clients case in the best way and agree to hold our clients information confidential from competing interest.
9) Still around to help after closing
Things can still come up after closing which can come back to haunt. We will be there for you for what ever Real Estate issue may come up.
10) Developing a Relationship for the future
We have a serious interest in your happiness and you can always call on us in the future to ask whatever questions you have.