Posted on: 07/11/2019
Why is necessary to hire an agency? This is one of the first questions that appeared in our mind when we are looking for home or offer a property. It’s a fact that there are extreme opinions about real estate agents - they are either loved or hated. The reason of the second one, as in any other profession, is in professionalism. For many negotiators this profession is only a transient activity, which explains the dissatisfaction of some clients who have used their services. But first let’s take a look of the good ones. The good broker is indispensable ally in unknown territory (in all meanings). And that’s why:
A good professional knows the market like no one else and his knowledge in the urban development, building construction, architecture, real estate laws and market competition makes him the most valuable collaborator during the demand of the perfect home or office. The same applies if you sell property. The broker has long-term observations over the demand and knows your competitors. This allows him to give you the most appropriate advice and direction while turning your home into a product with good commercial value.
Every good real estate agency has a professional network of contacts – legal adviser, notaries, builders, which not only helps the broker to be well informed about every aspect of his work, but also gives him a possibility to be the greatest benefit to you giving you advices for all you need. For example- if the construction quality is reliable, what type of problems may arise in future and also it is worth it. The good broker knows the advantages and disadvantages of your property and can use this information only in your favour during the negotiations, in case you already chose your property.
But if you are on the other side of the deal and you are the one that offers a property for sale, the broker will be able to give you the best recommendations that will help you sell it at the highest possible price. Exactly he is the person that knows who are these small but important things which rise or lower the price. You will receive from him the most adequate advice and on what to pay attention when you describe the property even the small cosmetic repairs, in which will be good to invest, and in addition, every good agency also has a team of masters, designers, lawyers, etc. that your broker associates and ensures that the deal will only be on your favour.
In the negotiation stage the impartiality of the negotiator is priceless quality, because of emotions is possible to skip some important details. The broker will never lead on the emotional factor at the time of the sale and will consider his work for done when he is sure that all terms of a treaty are in your favor. This apply to both during the inspection of property and the preparation of the transaction documents. You can ask questions to your broker even when the deal is concluded. The good real estate agent does not allow misunderstandings and will be on your side at every stage of negotiations. It is always more reasonable to trust someone with experience in this situations, than just your feelings and Google.
Do you have any idea what documentation you need to prepare for each step of the sale? The broker not only knows, but will prepare all the documents instead of you. That’s how he will save you both nerves and time for a complete legal research.
The biggest advantage of the professional help is to reduce the risk of errors and frauds to a minimum, because you will have a team of allies with professional knowledge and experience in the deals.
If someone knows what is the real value of the property, it is the broker. In case variation tracking of the property market is not your hobby or everyday job, the broker will help you with realistic forecast about the price if you are looking to buy a property in the near future. He is also the person who will help you determine the most realistic price of the property you sell comparing it with the prices of other properties that are currently on the market.
For a good agency, the name is really important. Every satisfied client brings new ones. Before hiring an intermediary is recommendatory to ask for an advise and for experience of previous clients. Like as any other field you need to looking for a people that consider their work very important and like future investment. It is obligatory for the good agency to put the client’s interest first, signs intermediate contract and has a rich portfolio and competencies that can prove. Don’t settle for less.