This is Why You Need a Real Estate Broker
A real estate broker, as we all know, is the middle man between real estate property buyers and sellers. But, are they really necessary? Let's explore a bit of what they do, and you can decide for yourself.
Comparative Market Analysis
Comparative Market Analysis (CMA) is an example of one service offered by real estate brokers. This is when an estimate of the given home is compared with similar homes. Not to be confused with an appraisal, the CMA of a home would differentiate in that
properties currently for sale would be taken into consideration. The task can be challenging and should be handled by an expert.
Exposure
Exposure is another service your broker will provide. This is where the actual marketing comes in. There will generally be a tried & tested system that the broker or the firm follows to ensure the visibility of the real estate listed. This is a trusted way to start the sales process. Real estate brokers will also facilitate the purchase and
the sale of your home. The difference between the two? Facilitating a purchase involves guiding a buyer through the process where facilitating a sale is guiding the seller. A professional is trained to do both. While some people believe that they can do a great job on their own (and some can), it's always best to get a professional real estate broker to work with you when
buying or selling a property.
Additional responsibilities of a broker
Real estate brokers will also facilitate the purchase and the sale of your home. The difference between the two? Facilitating a purchase involves guiding a buyer through the process where facilitating a sale is guiding the seller. A professional is trained to do both. They can also prepare contracts and leases, auction and exchange property, provide
property management services, take on consulting responsibilities, assemble home selling kits, and evaluate total market overview. Many of these tasks need the services of an expert in order to be done correctly. When it comes time for you to buy or sell a property, consider all of the ways that a real estate broker can help.
Conclusion
If you find yourself asking, “Are real estate brokers really necessary?” You might be surprised by the services they have to offer and the benefits they can provide for you. When
buying a home or selling a property, a professional can be the key to having a successful experience. Knowing the CMA is important as a buyer and a seller, homes for sale need exposure, and it’s always a good idea to have a middle man between the buyer and seller in case negotiations need some expert mediating. Experience the benefits of using a real estate broker. Ask yourself instead: “I am ready to avoid risk?”
