The Twin Cities real estate market is very competitive. Here are three reasons why it’s a no-brainer to decide to hire a local real estate agent to help you sell and/or buy a home.
Agents Specialize in the Local Real Estate Market
Real Agents attend a real estate school to understand the rules & regulations pertaining to real estate, etc. Which means you can trust them to know and understand the real estate market and also the industry. As experts in selling and buying homes, real estate agents know how to maneuver negotiations to get their clients to the closing finish line.
If you’ve never been through this process before, a local real estate expert can help explain what goes on throughout the entire transaction. Questions will no doubt arise, such as: What does a contingency mean? When & where do we close? You may not realize, but the sellers must disclose all material facts pertaining to the condition of the home when selling. Real estate agents are trained professionals and won’t let anything slip past them during negotiations.
Real Estate Agents Have a Fiduciary Duty
Fiduciary duties are the highest duties under the law, and when you have an agent on your side, you can rest assured knowing they are bound by law to put your best interests first. There are six specific fiduciary duties that a real estate agent must uphold.
Loyalty: The agent is at all times to act solely in the best interest of the principal, the client.
Confidentiality: They’re obligated to keep client(s)’ confidences unless required by law to disclose specific information (such as disclosure of material facts to Buyers).
Disclosure: They must inform to client(s) all material facts of which broker/salesperson has knowledge which might reasonably affect the client(s)’ use and enjoyment of the property.
Obedience: Real estate agents are obligated to obey all lawful instructions the client provide them.
Reasonable Care and Diligence: Real Estate Agents will use reasonable care in performing duties as an agent.
Accounting: This duty compels an agent to account to client(s) for all client(s)’ money and property received as agent.
Real estate agents work on commission, and they don’t get paid unless upon a successfully closing. This alone makes an agent work even harder for you.
As a seller, you’ll get an expert who understands what buyers are looking for
in your neighborhood, a professional who knows how to market a property,
and someone who will know how to price your home to stand out from the others.
There’s no need to be stressed out by all the paperwork and legalities that come with selling a home because you’ll have someone who can explain every part of the contract and offers that you’re receiving. Plus, agents know how to negotiate the best price for your property, which could help sell your home for possibly more.
Hire a Professional
Before you decide to take on the challenge of selling your house on your own, I would love the opportunity to sit down and discuss your needs. Give me a call today to schedule your free, no obligation consultation!
If you’re looking to buy or sell a home in the Twin Cities, or the surrounding areas, please feel free to call, text, or email Shannon at your earliest convenience. Search properties listings @ https://shannonlindstrom.results.net/.
Shannon Lindstrom, Realtor®, AHWD, CRS, GREEN, MRP, VCA