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5 Reasons why you need a Realtor when purchasing a home.
By Robert Lim
1. An
Expert on your side – Everyone needs someone who has their back.
When it comes to buying or selling your
home, you need a licensed professional that is knowledgeable in
all aspects of transacting a real estate contract. If you’re building a
new home, a realtor can make sure your builder follows all specific terms,
conditions of performance and validity. A realtor is required by law to act in your best interest (see Accountability).
2. A Larger Prospective - A realtor can provide you with all options and access to all available properties in the market. Hence, providing you with peace of mind that you have examined all your options.
3. Accountability – Realtors are licensed professionals answerable to government regulators. An agency agreement with your realtor binds him or her, by common law to a fiduciary relationship to act in your best interest (not his or her own). This provides you with more protection since a realtor is at risk of losing their license if they don't act accordingly.
4. Advice on Future Value - A Realtor can provide you information when determining which upgrades you need to consider to provide added value for future sale of your property. They can also provide insight on trends in the current real estate market.
5. Actual Savings - A better bottom line. Some people think they save money by not having a Realtor. In reality, having a realtor facilitates better price negotiation and a more detailed and accurate contract interpretation. This ensures that you get the best value for your money.
2. A Larger Prospective - A realtor can provide you with all options and access to all available properties in the market. Hence, providing you with peace of mind that you have examined all your options.
3. Accountability – Realtors are licensed professionals answerable to government regulators. An agency agreement with your realtor binds him or her, by common law to a fiduciary relationship to act in your best interest (not his or her own). This provides you with more protection since a realtor is at risk of losing their license if they don't act accordingly.
4. Advice on Future Value - A Realtor can provide you information when determining which upgrades you need to consider to provide added value for future sale of your property. They can also provide insight on trends in the current real estate market.
5. Actual Savings - A better bottom line. Some people think they save money by not having a Realtor. In reality, having a realtor facilitates better price negotiation and a more detailed and accurate contract interpretation. This ensures that you get the best value for your money.
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