Most people today are opting to go the-for-sale-by-owner way in regards to real estate transactions of buying and selling of property. Is it still viable to have a real estate agent on board or you can do it yourself? No doubt completing the transaction yourself without a real estate agent will mean saving the commission you would have paid. Unfortunately, unless you are a realtor or have many years of experience, flying solo can be a very costly affair. Be advised that a real estate investment is both a huge financial and emotional transaction. Read on to discover the many benefits that an agent brings on board.
Professional Advice about Market Prices
Contrary to popular belief, Oshawa real estate agents do not set the prices of houses in the market. Among the many determinants of prices in the housing market include the supply and demand of houses, as well as the economic stability at any given point in time. Working with an agent helps you know how much to buy or sell property.
The Oshawa Real Estate market is wide and far reaching and realtors will often network with other professionals in the industry, most of whom you will need their services to complete a typical transaction. No doubt they know which service providers have a track record for competency, efficiency and competitive pricing of their services in the real estate market.
Good knowledge of the neighborhood
No doubt agents have intimate knowledge of their area of specialization and will always know where to find information about different neighborhoods. A good real estate agent will provide useful information when it comes to nearby amenities, demographics, crime rates etc.
Understanding of the market conditions
It is also advantage to work with a real estate agent because you will be privy to information that will help you make an informed decision. There are so many factors that determine the success of a real estate transaction hence the need to know so you can make an informed decision before committing to any real estate deal that comes your way.
Having Said that, no doubt there are some people who are qualified enough to sell or buy property on their own. However, when you take a closer look at the Frequently Asked questions in most for sale by owner websites, you will discover that the process is not as simple as most people have been misled to believe. The bottom line is, its important to have a qualified agent by your side.