Should I Hire a Real Estate Agent?
Posted by Brad Pauly on Wednesday, December 16th, 2015 at 2:05pm.
If you’re planning to buy a home in Austin, TX, you may be wondering if you should hire a real estate agent. Having a professional guide you through the home buying process can be invaluable in helping you find the perfect house at the right price. In this blog post, we’ll explore the key benefits of hiring a real estate agent in Austin and discuss some tips for finding the right agent for your needs.
Why You Should Hire a Real Estate Agent
There are several key reasons why you should consider hiring a real estate agent when purchasing a home in Austin. For starters, agents have access to a wealth of resources that you don’t, including information on properties that are currently listed on the market and even exclusive “pocket listings” that only real estate agents know about. They also understand the nuances of local market conditions that can affect the price and availability of homes in the area.
Additionally, real estate agents have extensive experience helping buyers navigate the home buying process from start to finish. They’ll handle the paperwork, from researching the title of the property to explaining the fine print in the purchase agreement. They’ll also know how to negotiate with sellers and may even be able to help you get a better deal on the house you’re interested in.
Finally, a real estate agent can provide vital help with home inspection and maintenance after the sale has been finalized.
Why Not All Agents Are Alike
While it's true that a real estate agent can help find, and secure, a home, it's important to note that agents are only as successful as their knowledge of the local market, their network of contacts, and their ability to negotiate the best terms and conditions possible for their clients. A good real estate agent will be able to research the market and determine how best to structure a deal to provide the most benefit for you.
They can also help in assessing the condition of a particular home, as well as assist in making sure you are able to secure financing. Furthermore, an agent can help guide the process of obtaining the necessary paperwork, inspections, and closing costs associated with a real estate purchase.
Finally, a real estate agent can provide insight into the neighborhood as well as local schools and businesses.
What To Look For In A Professional Real Estate Agent
When looking for a real estate agent, it’s important to consider the essential skills that are necessary for the job to ensure you select an agent that is reliable, knowledgeable, and capable of getting the job done. When considering a working with a real estate agent for your home search, you'll want to make sure they possess the following key skills to ensure they can provide the best level of service.
New and veteran agents alike need to be able to prioritize work and organize their tasks independently. Juggling the responsibilities of buying a house is a time-consuming process that real estate agents have to perform for multiple clients at one time. Agents work alone as representatives for their clients without supervision from a superior. They must comply with all legal precedents regarding real estate while looking out for the best interests of their clients.
The duties of dealing in real estate encompass such a large scope that agents have to act as guides for their clients. As a homebuyer, you are paying for a service from your agent. You should have expectations as to how your agent should conduct him or herself. You also likely expect your agent to be able to immediately answer any questions or address any concerns you have about the home buying process. Real estate agents must constantly fill the role of a leader when working with a buyer. The element of trust in the relationship of a real estate agent and a client is one of the perks of putting your home purchase in the hands of an agent.
Saving clients money is in the best interest of a successful real estate agent. Knowing the real estate market is an invaluable tool for keeping the price of house purchases fair while looking out for the best interests of both the buyer and seller. Agents spend their working hours inside the market, but savvy agents will spend extra time researching real estate to boost their power as real estate agents and attract more clients.
Staying motivated in the home buying process is hard enough for one homebuyer. Since agents act as buyers for multiple people at once, they have to stay focused and alert to continue their success. The independence of the real estate career means agents have to find ways to maintain their motivation to stay relevant and profitable. As a homebuyer, you benefit from an agent's self-motivation by reaping low-cost housing with minimal time investment.
Working with homebuyers, contractors, attorneys, and sellers every day requires superior social skills. Polite and courteous agents will find that they accomplish work that depends on others faster and easier. Those who take the time to get to know their sellers and clients will find that they pull more recommendations and trusting clients.
What kinds of agents are there?
Something else that's important to keep in mind is that there are actually two different types of real estate agents: listing agents and selling agents.
Listing agents are agents who deal almost exclusively with sellers. They take care of listing and advertising properties for those who are looking to sell their houses. Listing includes adding pictures and details about houses for sale in real estate publications and websites. They search for potential buyers and hand off the sale once preparations are complete.
Selling agents are also known as buying agents. They take both names because they handle transactions from the initial introduction of a house into the real estate market to the final closing on the home. Homebuyers work together with selling agents to find their dream home. In turn, selling agents handle the large amount of communication and paperwork that entails buying a house.
Work With The Perfect Agent
As this blog has shown, while the home buying process can be done without a real estate agent, it can be helpful to work with one for more than a few reasons. Moreover, because agents take only a small percentage of the total cost of your home, they're more than worth the investment in total time saved and peace of mind.
If you're interested in find a home for sale in Austin, consider working with the professional real estate agents at Pauly Presley Realty. We'll help you find the house that's right for you, and guide you through the Austin home buying process from beginning to end. Call today and meet with our agents and secure the home of your dreams!