The Top 5 Reasons to Hire a Real Estate Agent in Waterloo ON

The Top 5 Reasons to Hire a Real Estate Agent

You may want to use your savings on something that provides value in the longer run - real estate. Purchasing and selling property is one of the most valuable things you can do for revenue generation. However, knowing the right time and right property in real estate investment is not easy. You may not be an expert on this; you can take help from someone with professional and relevant expertise. Usually, a real estate agent or a realtor provides such services. Now why you need to hire a realtor depends on various factors. Here is an insight on some key benefits of having an agent to give you a perspective.

Realtor is Bounded by Confidentiality

When you have an agent, you do not have to worry about the privacy of your matters. When you hire a real estate agent, he has a fiduciary duty to you as his client, which requires him to prioritize your best interests. As a consequence, they are also under an obligation to not disclose your information to anyone. The same goes for the case if you are the seller. You may not want to disclose your financial assets and details to your buyer’s agent. Especially when he is under no legal agreement to keep it a secret.

Realtors are there to refrain you from doing that as they know what to disclose and what not to disclose. You may report it to the relevant authorities if your seller’s agent lies to you while breaching confidentiality. Well, you can only do this if your seller has hired an agent, which is usually not the case in FSBO property cases.

The Realtor Looks for Damages to the Property

When you are a buyer, you probably have a budget in mind and know what you are looking for exactly. For example, the number of bedrooms, bathrooms, storage, parking space etc. You will start looking for places with that in mind. But your realtor will have a lot of things on his mind to look for any leakages, the durability of roofing, fungal and seepage issues. His expertise can save you time and money in the long run by preventing you from buying it. Agents also consider the surrounding environment, such as crime rate, educational institutions, and demographics, if you intend to buy a house.

Realtor Estate Agents Save You Time

It is time-consuming to buy and sell, so you may have to compromise on your other commitments. Scheduling with the buyers and sellers alone is a very lengthy process. But your realtor makes all these negotiations on your behalf, allowing you to focus on your job and family. All of this is possible only if you hire a competent agent. You can search online for the best real estate agents in Waterloo before deciding. A professional and experienced real estate agent in Waterloo, Mike Bolger, can help ease your real estate experience.

Real Estate Agents Provide you Monetary Benefits

If you list your property as FSBO (for sale by owner), you may have in mind to get as much as you could without having to pay for commissions of the realtor. However, research shows FSBOs properties are sold for a loss. In comparison to agents-listed properties, FSBOs provided 30% less to owners. Also, if your buyer hires an agent, you end up paying the amount to the buyer’s agent anyway. Buyers almost always hire agents, and part of their commission is to be paid by the sellers. Your agent will give you an edge throughout the property sale process. Your real estate agent can show you various properties - your options are unlimited.

Real Estate Agents Save You from Legal Matters

You may not have the expertise to review all the legal documents of a real estate deal. You can, however, always rely on your realtor to review every document - to ensure your best interests are protected. Usually, just the agreements are a minimum of 10 pages apart from the legal documents required by the state. You cannot afford to make mistakes in the documents that can end up costing you more than the real estate agent's commission. Your real estate agent saves you from such troublesome events.

Work With Mike Bolger

Mike Bolger, the best real estate agent in Waterloo, has plenty of experience buying, selling, and investing in real estate.

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