Many Canadians think that that bypassing the help of a licensed real estate agent will allow them to avoid paying extra fees, thus financially benefiting them once the purchase is complete. This may seem logical in theory, however there are a few reasons why you may want to rethink this decision.
You need to be spot on when knowing the value of a property. This is important whether you are flipping, holding or wholesaling a property. This is especially important when flipping a property, as you want to ensure you are not paying too much. When it comes to buy and holds, you need to make sure that the property you are buying is a great deal for the neighbourhood. In order to do this you need to know the sold comps, what concessions were paid and what condition the homes were in.
Many sellers think they can market their homes for sale by owner and come up with a price by comparing other houses in the area. Unless you routinely attend every open house in your neighbourhood, it may be hard to know intimate information about the interiors of your neighbor’s home. Experienced agents have this knowledge and use it to position a home to sell at the highest possible price. This is information that can be obtained, however how confident are you going to be and can you keep emotion out of the selling process. For example, the home owner may think that their home is far superior to their neighbours because of these ten things thus pricing at a higher cost. A real estate agent will look at the house without emotion or bias giving you the most realistic value.
Not only will a real estate agent be able to provide you with a deeper understanding of your local market, he or she will bring their many years of experience to the negotiation process, yielding you a much better selling or buying price than you would likely achieve on your own.
If you have any questions or concerns about buying or selling your home, I am available to answer any and all of your queries