When the time comes to sell your home and move out, you may come across the dilemma that most homeowners face: should you go for just one real estate agent to sell your home and buy the other one, or should you work with multiple agents to make the process faster and less time-consuming? Opting for multiple agents might be a challenging task.
While both these options have their unique advantages and disadvantages, before making a final call you should ask yourself these two questions:
1. What’s Your Plan?
If you are planning to move out of your current state of residence, you will have to look for an agent who has the license to work in the state you are planning to move to. Real estate agents are required by law to have licenses from their respective state authorities to facilitate real estate transactions. It is also important to find a real estate agent who has the knowledge and understanding of the local market to help you find a home that not only falls within your budget but is also fairly priced by the local market standards.
2. Is Your Real Estate Agent Equally Knowledgeable on Both Sides?
A big majority of real estate agents are qualified to represent you both as a buyer or seller, although some of them might have expertise on the buying side only. To avoid conflict of interest, a buyer’s agent only works with the buyers’ side of the market and never represents sellers. You should do your due diligence before making a final decision so that you have an agent who is an expert in both buying and selling to safeguard your interests in the transaction.
Let’s have a look at the pros and cons of working with a single real estate agent and multiple agents.
Benefits of Working with One Real Estate Agent:
Moving places and homes requires meticulous planning; you have to consider the aspects of timing and finances. If you are working with a single agent, the transaction could be completed in a timely manner. In the case of involving a single real estate agent, you may save some costs in the form of negotiation on commissions.
The Benefits of Working with Two Real Estate Agents:
Choosing two agents to facilitate your real estate transaction may help you speed up the process as well as ensure that you are going to get the best of both worlds.
The Listing Agents will make sure that your house is marketed properly to attract the right kind of buyer pool. They will also give you valuable insights on how to prepare your house before it goes to the market for selling.
The Buyer’s Agents have the right kind of expertise and knowledge about the local market and their expertise will ensure that you get the best value for the money.
Moving is a big decision, and having a real estate agent who not only understands your needs but is also knowledgeable about the market, makes this critical process a walk in the park. At Realiztify.com we have hundreds of experienced real estate agents who will walk you through the entire process and provide valuable insights to help you make an informed decision.
