Leaders of the Council of Multiple Listing Services (CMLS) urged their members to be part of the change in the industry as CMLS kicked off its annual

Are real estate agents becoming obsolete?

No! Although some might go about selling and buying investment properties without the help of an agent (like in the case of for sale by owner), real estate agents still play an important role in the real estate industry. Here are main reasons why you still want to hire a real estate agent:

1. Knowledge of the Real Estate Market

You don’t need to know everything about buying and selling real estate if you hire a professional who does. Real estate agents have been in the industry for a long time, meaning they have more knowledge and experience than the average real estate investor. They know where the best properties are located, they’re up-to-date with the market’s conditions, and they’re ready to assist and answer any question you might have. The trick, of course, is to find the right person!

Here is How to Find the Best Real Estate Agents Near You!

2. Better Access and Connections

A real estate agent acts as a link between buyers and sellers. This means that an agent has better access to other properties listing and connections with other agents. When you’re looking to buy a house, your agent will track down homes that meet your criteria, get in touch with sellers’ agents, and make appointments for you to view the homes. Not only that, but a good real estate agent has connections with others involved in the real estate transaction like loan officers, home inspectors, attorneys, and others.

3. Negotiation Skills

In a traditional real estate transaction, buyers and sellers negotiate the home price. Buyers are looking to get the house at the lowest price, while sellers want the highest price possible. Negotiations can be a tricky business and not many people have this skill. This is where real estate agents are helpful! Good real estate agents must have negotiation skills and apply them to get their client the best price without causing any bad blood with the other party in the transaction. Moreover, if you have any concerns before or after buying an investment property, your agent can convey these concerns to the sellers’ agent.

4. They Do the Work for You

Real estate transactions can be tiresome and time-consuming. Not every real estate investor has the time and energy to successfully close a real estate deal. When you hire a real estate agent, they’ll take care of all the work for you. They’ll conduct a real estate market analysis and compare different properties to find the right one for you, they handle all the complex paperwork involved, and ensure the process goes smoothly and nothing important is missed.

Whether you’re a real estate investor or an agent, visit Mashvisor for more information on anything real estate!