The word ‘professional’ is thrown around so much today that it applies to practically anyone who has read a few articles on something. While some industries can or may blur the lines a bit more than others, there will always be a distinction in real estate. Either you know the industry and how it works or you don’t. No matter how much information there is at the tips of your fingers via Google, making moves in the real estate industry is best done with the help of a real estate professional. Let’s look at some specific reasons why…
- Makes Life Easier
The simple fact of the matter is that real estate professionals are there to make your life easier. If you are buying a home, you’ve probably been working hard to save up money for a down payment and to have some savings. And yes, this is all while trying to maintain your current home. The beauty in hiring or contracting a real estate professional is that your life gets easier. Should you be buying or selling a house, whatever concepts and processes you’ve struggled to understand becomes someone else’s problems. You get to live your life while the professional handles all the business. After all, this is their full-time job!
Yes, negotiating looks all fun and games on the TV screen. Typically, people might imagine two guys dressed in suits, on either side of a table, talking business while keeping their guards up and never showing the other their hand, hypothetically, with a drink on the rocks in front of them. However, there is actually an art to negotiating. Sure, some hopeful investors or buyers and sellers might be able to carry their own weight when making a deal, but there is a lot more room for error. Typically, negotiating is setting something in stone. If you don’t think you need a professional, then just think about how the average real estate transaction goes through an estimated 11 people during the entire process. That’s right! You could potentially make a mistake with each and every one.
Contracts are everywhere. If you wanted to hire a lawyer or a professional every time you signed a contract, lines would be twice as long everywhere you go. There is always fine print that people usually only read when the worst scenarios suddenly happen. In the real estate industry, it is imperative that you use a professional for any contracts, as real estate contracts are particularly tricky. A professional can save you from a lot of legalities you might not have seen coming.
Plain and simple, real estate professionals have access to a lot more industry information than the average person. If they don’t have more access, then they at the very least know the best ways and places to look. Let’s say you’re looking to buy a home in a certain area. Naturally, you resort to online listings to see what’s for sale. However, a real estate professional may be a part of various groups and or organizations where perhaps he or she would have the one-up on a property coming to the market. A real estate professional, especially from the area, will know what neighborhoods have hot markets as well as properties that may be listed, but not publicized.
- Changing Rules
Whether you want to admit it or not, the real estate industry has constantly-changing rules. If industry professionals don’t have to read up on new federal laws, then state and county laws will keep them busy. Mortgage and interest rates change practically by the minute. Professionals certainly have to keep an eye on local government possibly changing zoning regulations or requirements. These are just a few of the areas where rules change frequently…and these are rules a professional will be up-to-date on so the buyer or seller isn’t walking into a situation totally misguided.
Of course, it’s up to you if you use a real estate professional. If you feel like you have a good enough grasp on the processes with what you’re trying to do, then go right ahead. However, whatever you do, don’t underestimate the value of using a real estate professional. They know things you probably don’t, can do things you might make mistakes on, and have access to information you might not have known was even there. Underestimating the value in using a real estate professional is the same as underestimating the real estate market… Is that something you really want to do with something so important?