Real Estate Agents: Advantages and Disadvantages

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Real Estate Agents: Advantages and Disadvantages

Has it ever crossed your mind to sell your property and sell it yourself without the help of property agent? Are you in the cities of Washington, where housing development is so intense that it is difficult for you to sell your house? Maybe you’re just focused on the amount of commission that will be billed at a later date, or you find it easier to sell it yourself by posting the property on a buying and selling site and you can handle it yourself. This is actually reasonable and there is nothing wrong with the above considerations. But, have you ever thought about how troublesome the property sales process is without using a property agent?

Before you go any further, let’s look at the advantages and disadvantages of using the services of the following property agents.

Advantages of Using Property Agent Services:

1. The Selling Price of the House According to the Market

Price is one of the most important elements in selling a house. Often the price we want to sell is too high (overpriced) so that the property being sold doesn’t sell well or even sells too cheaply. So, property buyers will benefit quite a lot from your property. By using the services of a property agent, the price of the property that you will sell is in accordance with the property market in the area. Every property agent must have done a Competitive Market Analysis (CMA) before marketing your property.

Competitive Market Analysis (CMA) is a process where before a property agent offers your property to a potential buyer, a property agent is required to compare prices on other people’s properties that have a similar area and are located around your property. The comparison is made to 2-5 properties belonging to other people who are also offered to buyers. This is to conduct an appraisal of the selling price of the property to be offered. Property agents will ensure that your property is sold at a fair market price so that it is not overpriced or too expensive, and also not underpriced or too cheap.

2. Possibility of Selling Faster

Every property agent has a database of potential buyers. This is certainly an effective step because your property will be offered to potential buyers so you don’t waste time and energy in offering your property. In addition, property agents will usually also market their properties to various marketing channels, both offline and online, so you don’t have to worry about your property not selling (worry free).

3. Receive Done (Practical and Efficient)

When you work with a property agent in selling your property, every negotiation process and showing unit has been carried out by the property agent. Your time is not disturbed by several incoming calls for questions and answers about properties for sale and you don’t have to go far to the location for showing units because everything has been handled by your trusted property agent. You can use your free time to gather with family or hangout with friends for refreshing.

4. Guarantee of Legality of Property Sale and Purchase Transactions

In a property sale and purchase transaction, there are several requirements that must be met so that the transfer of name from the old owner to the new owner can be carried out, including a Building Use Rights Certificate (HGB) or Property Rights Certificate (SHM), Sale and Purchase Deed (AJB), Rights Acquisition Fee on Land and Building (BPHTB), proof of payment of Land and Building Tax (PBB). If you haven’t done the AJB, the owner is required to provide proof of the binding sale and purchase agreement (PPJB) accompanied by a Clearance Certificate from the developer as well as proof of payment of admin fees etc.

By using the services of a trusted property agent, you don’t have to worry about the legality because the property agent will check the validity of these documents to ensure their legality, thus making consumers feel safe and comfortable buying their dream property.

To find out what the requirements for buying and selling a house are, check out our article.

If you see some of the advantages above, maybe you will think that everything will be easier if you work with a property agent. However, we still have to be selective in choosing a property agent. Find out first the track record of property agents and real estate agents that cover them through social media or references from your colleagues. This is to prevent you from unwanted things.

Disadvantages of Using Property Agent Services:

1.Commission

Seeing the many advantages of using the services of a property agent, of course, it is proportional to the amount of commission you have to pay, after your property is sold. Actually, there is no significant loss in this case because your time and energy are replaced by real estate agents. So there must be positive feedback from every convenience you receive. It’s just that the commission amount is 2-5% for every sale and purchase transaction and a commission of 5-8% for rental transactions which often burdens you, especially when you are in need of money (BU).

At watermarkoldtown, every marketing agent is trained in negotiation. By using the services of a property agent who is skilled in negotiating, it is hoped that your property can be sold at the maximum price. With a fairly high value, the commission you give should not be a problem.

2. The Competencies of Property Agents Are Different

You must be selective in choosing a property agent because each property agent has their own specialization. There are specialists in certain areas or specialists in certain types of property. If the property you are going to sell is outside the specialty of the property agent, then this will affect the sales performance of your property.

Watermarkoldtown has 4,000 property agents spread across 25 major cities such as washington, london, australia as a candidate for the new capital city. All watermarkoldtown property agents are trained to be professionals in their work and specialists in their fields. So you don’t have to worry because local to overseas primary property listings and various local secondary property listings are only available at Watermarkoldtown. You can even buy and sell houses or apartments overseas from any watermarkoldtown branch office in washington.

3. Busy Property Agent

As a property agent, of course, you don’t just market your property. Every property agent has property listings that are not small in number, sometimes property agents do not focus on selling your property. Follow up regularly with your property agent so that a good relationship is built, and the property agent is more focused on selling your property.

At watermarkoldtown the bustle you feared won’t happen. Why? Because a property agent in watermarkoldtown has their own specialization. So, our property agents will only do listings that match their expertise or co-broke with other property agents at Watermarkoldtown who are more skilled in their fields. This is so that property agents can focus more on dealing with our clients.

4.Fraud Risk

Choosing a trusted property agent is not easy. Many real estate agents are unprofessional and tend to just want something from you without being serious about selling the property. Therefore, you must be selective in choosing a property agent. Make sure the property agent comes from a clear real estate agent and is officially registered as a member of a professional organization whose existence is recognized by the government, namely the Washington Real Estate Brokers Association (AREBI).

watermarkoldtown is the best property agent that has been established for 23 years in washington and is the number one trusted property agent in washington and is listed as a member of AREBI. watermarkoldtown also won the Top Brand Awards for 7 consecutive years from 2013 to 2019. watermarkoldtown is very experienced and professional in the property sector in washington, as well as overseas properties. Watermarkoldtown has 175 real estate agents across 25 major cities in Washington. In addition, watermarkoldtown has an international network and has offices in Australia, Singapore, India, and even the United Arab Emirates. Therefore, you don’t have to worry about the watermarkoldtown credential as your trusted property agent.