Advantages and disadvantages of hiring a real estate agent

In today’s world where you can find almost any information about the real estate landscape online, you may wonder why you would need to hire a real estate agent. This question becomes even trickier if you’re a first time home seller since you may not be aware of many things and that’s exactly where a real estate agent can help. However, before you plan to hire a real estate agent, you need to answer a fundamental question: How do you want to do it? There are various factors that you need to consider. Such as, how fast you want to sell your home? How much hassle-free do you want to make entire process? Are you ready to pay your agent’s commission? However, if you plan to hire a real estate agent finally, here’re 3 advantages and disadvantages of engaging such a person, which you should understand to make a smooth and profitable deal.

Advantages

  • Neighborhood knowledge: Real estate agents usually either have a solid grasp of the neighborhood or they know where to find the information they need. They can easily bring you information on educational institutes, demographics, crime rates etc.
  • Market analysis: Real estate agents may disclose market conditions, which would help your selling process significantly. There are various factors that you’ve to consider to make a profitable deal. Information like cost per square foot of similar homes in your vicinity, average days on the market, median or average sales prices etc can all help you get your desired deal by pricing your home the right way.  
  • Professional networking: Agents usually work in a diversified network of different professionals, most of whom provide services that you would need to sell your home. Sometimes, agents hesitate to recommend a certain company or individual over another. But they’ve the knowledge about the vendors who’ve reputation for competency, efficiency and competitive pricing. Thus, agents can provide you references of other professionals they’ve worked with to help you make an informed decision.

Disadvantages

  • Lack of diligence: If your real estate agent is already quite busy with other clients, your home may not obtain the adequate attention which may lead to delay in the process or a less-profitable deal. You need to ensure that your agent is duly diligent in his/her work and remains so throughout the entire process. Otherwise, you may experience unwanted texting girlthings like missed deadlines, failed deals etc.
  • There’s a middleman to deal with: A real estate agent is simply a middleman between you and the buyer. So, apart from waiting for his/her messages or callbacks, you have to even trust that your agent shares your interests properly with the buyer. Simply put, if you want to work with your buyer directly, cutting out the agent part is quite appealing.
  • Having to pay the commissions: When you hire an efficient and full-time real estate agent, you need to pay him/her a standard amount of commission which sometimes may bite your pocket a bit. So, prepare to pay your agent a certain pre-defined percentage of the entire sale price and not on the profit you make out of the deal.

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Estefania Castaneda
Estefania Castaneda
17:24 04 Sep 21
Extremely pleasant, attentive to all my needs always. It was a pleasure renting an apartment from Ken.
Vichai Soysouvanh
Vichai Soysouvanh
14:17 03 Sep 21
Can't say enough about Ken and his team. This was the most seamless sale I made. I didn't have to deal with all the... nonsense that comes with selling your home. They bought my house as is, I didn't have to declutter and pay a broker commission. All in all great experience, will do business again.read more
Niki Keser
Niki Keser
17:46 06 Aug 21
I had a wonderful experience renting one of their properties for 7 months. The apartment was beautifully remodeled and... Ken and his team were always responsive to any needs. I would recommend to anyone looking to sell or rent.read more
YASMINA VASQUEZ
YASMINA VASQUEZ
15:13 02 Aug 21
Ken and his team were professionals ,they promised and they delivered or anything
Alfredo Garcia
Alfredo Garcia
03:20 17 Jun 21
Selling my property too Ken was the best thing I did. Although I was skeptical at first I soon found out how... professional he was. Even though my closing contract was not standard because of the pendemic situation. He followed through on time with all the contract terms as promised. Thank you Ken for your professionalism.Alfredo Gread more
Vishrut Patel
Vishrut Patel
23:27 19 May 21
Ken was referred to us by someone who had sold their home thru Ken last year. From the first meeting to the last... transaction, Ken and his team were professional, efficient, easy to work with, and above all.... caring. Each seller's situation is different, and Ken truly understands that. We were treated with respect each time.Since we were in a time crunch situation, selling our home with a cash offer from Ken was the best decision we could have made. We were perfectly okay with getting slightly less money for our home as compared to selling it via an agent. But if you consider the money saved on agent commissions (both buyers and sellers), closing costs, repair costs, attorney fees, and most important of all... time and headache, you can't beat the option to sell your home with a guaranteed cash offer from a reputable buyer like Ken.My wife and I were very pleased with our experience with Ken. If you are in the market to sell your home fast for a cash offer, I highly recommend giving Ken a call!Best of luck!Vishread more
Christopher Martino
Christopher Martino
14:19 10 Mar 21
Ken and his team were great. They were easy to work with, professional, and responsive. If you are thinking of selling... your home they offer a super easy process.read more
Chelsea Grant
Chelsea Grant
15:36 03 Jan 21
I am a travel nurse and stayed in a town home for 3 months... It was exactly as described and any issue that came about... was handled within a few hours - I would definitely recommend and I would definitely stay again!read more
Aaron Zachko
Aaron Zachko
12:41 14 Aug 20
Amazing experience! Ken was upfront, quick and got the deal done in no time. Having done a number of real estate... transactions this was by far the easiest and smoothest. I would unconditionally recommend him to anyone looking for an easy, quick and fair transaction.read more
Joseph Tricarico
Joseph Tricarico
19:10 26 Mar 20
Ken is a very professional individual from start to finish. As promised, he gave me a fair deal on my one of my... properties that was in rough shape. He was knowledgeable and responsive to my requests and as promised we didn't need to waste time with inspections and appraisals and we closed quickly. He made it painless as possible by having his crew handle the clean up. This was truly a quick and easy process but a professional individual. Thanks Ken!read more
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