In today’s DIY-driven world, it can be tempting to take matters into your hands everywhere—even when it comes to selling your home and buying a new one. But realtors have extensive and invaluable expertise to help you along your real estate journey, and their guidance makes your experience easier.
Why should I work with a realtor?
Buying and selling a home is likely one of the largest financial decisions of your life. Doesn’t it make sense to want an expert on your side? Here’s what a good realtor can offer.
Market expertise and advice. Agents are savvy about the current market—they can help you find the best homes in your desired neighbourhood to view, and if you’re selling, advise you on a competitive listing price and selling strategy to help you get the most value for your home.
Marketing and advertising. Your agent will also handle the marketing and advertising for your home, such as photography, videography, and social media content. They may even stage your home so it looks its best to potential buyers.
Handling logistics. From creating the listing to scheduling home viewings to vetting offers, your agent will take care of selling your home from start to finish.
Transaction and paperwork guidance. Buying or selling a home isn’t always straightforward—from making an offer on a home to closing contracts, there’s a substantial amount of paperwork involved that an agent can help you navigate smoothly.
Professional referrals. Along the way, you may need referrals to a mortgage broker, real estate lawyer, home inspector, and even a contractor. Realtors have connections you can trust.
Negotiation tactics. Whether you’re buying or selling, a realtor will help you get the best result when vetting offers or putting one in.
What are the risks of not working with a realtor?
While you may think you can handle selling your home yourself, or buying one, self representation for such a major transaction can be risky.
A poor outcome. Realtors have extensive market knowledge and negotiation skills, while you may not. This lack of expertise means you could under- or over-evaluate your home, miss out on better offers, or pay more than necessary, meaning you won’t get the best results.
Legal issues. Unless you have professional experience with real estate law, being responsible for all the procedures and paperwork on your own is a huge responsibility that could lead to penalties if mishandled.