When someone is looking to buy or sell a home, there are so many different factors involved that can fluctuate the price. The real estate market itself is very fluid, which means that value of any home can change throughout the year. No matter what sort of transaction you’re about to engage in, you want to get the most bang for your buck.
A REAL ESTATE AGENT CAN SAVE YOU MONEY DURING THE BUYING AND SELLING PROCESS
More than anyone else involved in your real estate transaction, the agent you hire is going to have a lot of insight into the even changing market. Certain types of properties may get popular during one season, or they might be able to jump on a home that’s available for a good value. Here are some things that a real estate agent can help you with.
FINDING EXCLUSIVE LISTINGS
More than most outsiders might realize, people who work in real estate really do depend on their networks. The longer you work in the industry, the more people you meet, and you’ll form longer lasting relationships that can prove beneficial in the in a number of ways. Firstly, many agents will often partner up to sell a particular property, especially if it’s an expensive one. Buyers of luxury homes are often going to be very picky, which means it can take a few showings before a particular property can actually be sold. If you hire an agent who has worked in the industry for a while, they probably have the necessary connections to show you these exclusive listings that otherwise wouldn’t be available to the public. Depending on when you actually see these in the sales process, there’s a chance that you can get your hands on a great property for a lower cost than the initial listing price.
LIST YOUR OWN PROPERTY AT THE RIGHT PRICE
In terms of selling a property that you currently own, whether it’s your primary residence, a second-home, or another investment, you should always be trying to make back what you spent and then some. One of the most important things that can help with making a larger profit is the initial listing price the property has on the market. Other agents, and buyers will often make certain judgements and evaluations based on how you list out this property, so it can’t be too low or too high. It may be a cliched older premise, but when the listing is just right, you’ll entice buyers to compete against each other, without scaring potential buyers away because of a higher price initially.
STAGING CAN CHANGE YEAR-ROUND
When selling, another way to add value to your property is by making sure that it’s staged properly during showings. Trends change with the seasons, and your agent should be able to identify what buyers are looking for at any given time. By creating the right atmosphere, you’re more likely to engage buyers and make them feel comfortable. Whether it’s changing around the lighting, removing personal effects, or just rearranging furniture, the more you can do to appeal to buyers, the better your chances are of fetching a higher price.