Thanks to our growing economy, buying property has never been more fruitful. There are more properties to choose from, from stunning house and lots, stylish condominium units, affordable townhouses, and luxury properties. It’s now the best time to buy property and enjoy the fruits of your labor.
But buying a property has never been easy. Not only do you have to choose what type of property that you want to buy. You also have to transact and communicate with people, specifically, the one who’s selling the property.
There are two types of sellers in our market today: the real estate agent and the FSBO (For Sale By Owner). Real estate agents promise expertise and efficiency while FSBO offer cuts in cost and easy communication. Which one is better? Read on to find out!
THE CASE FOR AGENTS
Agents, as mentioned, are experts in their field. Some real estate agents go to school just so they can sell a property well, some took tests to verify their efficiency. If you want professional, a smooth sailing way to purchase a property then asking for an agents’ help is definitely the way to go.
These are the advantages an agent can offer you:
1. Convenience: Thanks to their expertise, you no longer have to learn all those pesky real estate terms just so you can purchase your property as smoothly as possible. You just have to sit back and relax and let your agent do the job.
2. There’s a third party intervening: Negotiating with an owner can be a bit tricky. It will be good for both parties if there is someone who can handle the negotiations. Less drama, and more professional.
3. Connect you with the important people: Real estate agents have a list of the most important people in the business. You no longer have to search for a home inspector, appraiser, or a carpenter, your agent can connect you with them, faster than lighting.
4. They can’t lie: Remember that real estate agents are licensed professionals. They follow their own code of ethics to make sure that they don’t slip up with what they are doing, making you feel safer during the whole process of purchasing.
5. Loads of properties: Agents also keeps a list of properties that they think will fit the buyer. You no longer have to find your next property by yourself. Let the agent’s expertise take you to you dream house.
THE CASE FOR FSBO
When purchasing a property, less is more. Cutting costs is your main goal when you’re buying a house. Directly negotiating with the owner can lessen the cost and all the shenanigans. Do you want to know the benefits of dealing with an owner? Read carefully:
1. Faster transaction: Negotiations can be done in a snap if you directly set up a meeting with the owner.
2. The owner knows better: Sometimes an agent will cut off some information just so they can quickly generate a sale. Expect owners to be more transparent with the information about the house. You’ll get more idea on how you can maximize your purchase through a conversation with the owner. They’re the ones who lived in that neighborhood, after all.
3. You’ll be a real estate expert: Having a chance to negotiate on your own can help you learn the ropes of this industry.
4. Agreement is easier: It’s easier to make amendments with the property’s price if you are going to negotiate one on one with the owner. Less hassle and more time to discuss things that matters most.
In the end, it’s you who can decide which type will suit you. If you do choose to hire a real estate agent, then try looking at our portal, where we have a group of expert agents who will be happy to help you.
