Homeownership in America rose to around 65% in 2020. If you're looking to buy or sell a home, finding a knowledgeable and experienced agent in the area is essential.
To do this, you can work with someone at a real estate company. Such companies typically offer different levels of service depending on your needs and budget.
Among the many reasons to hire someone at a real estate company, the following three stand out.
1: Provides Expertise and Advice
Getting assistance from an agent is essential because most people don't have the time or expertise to sell or buy a home on their own. As such, it's wise to use someone who has considerable expertise in this area.
And, depending on your needs and budget, you might want different levels of guidance from an agent when selling or buying a home. For example, if you're selling your home, you might want an agent to help market it for top dollar; if you're looking to buy a property, you could benefit from help identifying areas that will meet your requirements.
2: Make the Process Easier
Buying and selling a home can be complicated, with many nuances to understand. In addition, it's often essential to comply with a myriad of rules and regulations set by the government.
Fortunately, an agent who works at a real estate company can make this process much easier by helping you navigate the complexities of the process while staying compliant with government rules. For example, they can help you precisely understand what paperwork is needed for your transaction and how to avoid common pitfalls.
3: Reduce the Odds of Mistakes
A mistake could cost hundreds or even thousands of dollars when selling or buying a home. For example, if you fail to comply with government rules, you could be fined or penalized. If you're not a licensed agent and sell a home without the proper insurance (and this is common), the buyer can sue for damages.
In fact, in one case involving real estate agents, an agent received a $1.3 million fine for selling a house without telling the seller that he needed to have flood insurance.
The Bottom Line
No matter what service level you choose when working with a real estate company, you must work with someone who has substantial expertise and experience in this area.
To ensure you get this, you can ask for recommendations from friends and family members who have recently sold or bought a home. You may even consider using an online review service to see what others have to say about agents at various companies.
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