While buying and selling real estate might seem like a relatively straightforward procedure for many, there are numerous reasons why hiring a professional real estate agent is extremely valuable.
As real estate “disasters” can happen so commonly for many, hiring a seasoned and experienced agent is one of the best ways to avoid real estate headaches and heartbreaks – both literal and financial.
Buying or selling property can be one of the biggest financial and emotional challenges people face in their lifetime. Utah is an active enforcer of the Fiduciary Law – a duty which binds real estate agents to legally place their clients’ best interests first – so you can be confident that hiring a real estate professional is in your own best interest.
Here are a few more specific reasons why it pays to hire a professional real estate agent.
Whether you’re buying or selling a property in the state of Utah (or most other places, for that matter), it is crucial for legal contracts to be discussed with and signed by clients and agents ahead of any real estate transaction.
As a client, it is crucial the contractual terms are clear and acceptable to you before signing any document. Without the help of an experienced real estate agent, you might not know what rights you are granting to other players involved in an agreement.
Without the use of a professional and trustworthy real estate agent, you could find yourself on the rotten end of a lot of fine print.
Speaking of fine print, retaining the services of a trained and experienced legal professional to help you through all of the arduous contractual and statutory details within a real estate business deal is imperative.
Ensuring the real estate agent you hire has the proper legal knowledge required to understand, interpret, and negotiate contractual documents is extremely important for your own legal protection.
In order to properly protect our clients before signing any legal documents, we ensure they are equipped with the best of our knowledge and experience. That’s why we’re proud to have Kate Splan on our team, who is not only an experienced real estate professional, but also holds a Juris Doctorate degree.
Kate’s law degree from UCLA and her several years of experience working as a litigator are extremely useful for our clients during contract negotiations and the entire process.
Here are some additional buyer and seller resources from our blog:
- 5 Essential Steps To Buying A House In Utah
- 20 Mistakes That Sellers Make
- Inspections: Are They Necessary?
- Should I Paint Before Selling My House?
Through training and practical experience, real estate agents are expert negotiators. As the process of buying or selling a property can be emotionally exciting and overwhelming for clients, having an unbiased professional by your side during negotiations is very much to your benefit.
As Fiduciary Law outlines that agents must retain their clients’ best interests throughout the process, agents are obliged to negotiate the best deal possible for their clients.
When selling, homes can attract lots of offers from interested buyers very quickly. Having a professional by your side will help you vet each offer and understand your legal options and requirements in selecting the best buyer for your home.
When buying, a trained negotiator will be able to land you the best price on a new property by assessing a number of factors you may not be able to spot on your own.
A good real estate agent will know about the current and historical listings in their area like the back of their hand.
Despite many listings being posted online available for anyone to see, insider information on exclusive listings is something that a professional agent should have access to.
If you’re a buyer, you need to consider much more than just the size, floorplan, and amenities of a home before making an offer. Professional real estate agents will be able to advise you on any critical issues that would require serious renovations to fix.
If you’re a seller, agents should also be compiling comparative market analysis reports through well-sourced data and statistics from similar homes in your neighborhood as part of their sales strategy for your listing.
The Big Takeaway
When buying, selling, or investing in property, hiring a professional real estate agent who has your best interests in-mind is always a good idea. Without proper representation and help, making the wrong, uninformed decisions could end up costing you fortunes down the line in legal missteps, surprise renovations, and burdensome contracts.
If you are looking for reliable, experienced, full-service real estate assistance, make sure you hire a professional. To learn more about working with us, click here to get in contact.