With the addition of the Internet and a wealth of resources to help out homebuyers, some people are asking why a real estate agent is still necessary in a real estate transaction. You can make all of the other purchases in your life on your own so why is it inadvisable that you go solo when purchasing that condo or quiet little bungalow? Well, the truth is that there are lots of services that real estate agents provide that you may not have even thought about.
The first reason for why an agent is worth the average of five percent commission they charge is their experience and expertise. Whether they've made a career out of selling condos like yours or can help you when relocating from across the country to find a home with good schools, an easy commute to work and safe streets, they take some of the guesswork out of buying or selling a home. Agents are trained to not only know as much as possible about your home, but how to use it to your advantage to get it sold at a fair price quickly. For a homebuyer, they will fill in all of the blanks about that Surrey or Etobicoke real estate that you couldn't find on your own.
Marie Matkiwsky, real estate agent for Royal Lepage.
In the United States, there are several sites that do some of the home research for you. They will map out the average real estate costs in a city down to the neighborhood and show you who is buying homes where. Canada has yet to develop such a network. If you want to know what the savings are when buying a Surrey home over one in downtown Vancouver, a real estate agent can save you hours of tracking down that information.
Agents are also neutral parties in the home transaction that can step in or give advice if emotions start to get in the way of your sale or purchase. A home is a very personal thing to any person and if you're selling the home your kids grew up in or finally buying that perfect dream retirement cottage, you can sometimes forget that this is essentially a business transaction. An agent is going to work with you to make sure that you're getting a fair price and both the buyer and seller come out satisfied in the end. They will also work with the other agent and act as a buffer between you and the other party.
Lastly, buying and selling a home is essentially a lot of work. If you use your agent in the proper way, they can take much of the pressure off of this process. An agent will not only add in all of their knowledge to the mix, but will also have a network of other business services at their disposal. These could include home stagers to real estate lawyers to the best places to advertise your home. The bottom line is, real estate agents may not be paramount to a home transaction, but they sure make the process go more smoothly.