If you?re thinking about buying property, whether a primary residence, vacation property, or a multifamily investment you may be debating the pros and cons of hiring a realtor. You definitely do not need a realtor to complete a property sales transaction but you may find one beneficial for the following reasons.

Experience

Good real estate agents have years of experience and have run across more situations than you have and will instantly either know how to handle the situation or be able to find the right references to explain things in detail.

Local Knowledge

Not only do realtors know about the local market’s prices but they know which neighborhoods are good and which are having issues, they know what features are popular locally and of high interest to buyers and what features are considered a deficit.

Price Information

Your realtor will not set your price or your offer for your but they do know a lot about the area and what home values are and a good real estate agent will be able to guide you in setting fair prices.

Networks

Real estate professionals tend to network with each other frequently so your agent will know about the entire market, not just homes their company handles. They’ll also know where to find contractors who are experienced and have a good reputation.

Paperwork

Buying a home, especially the closing, is a paperwork laden procedure that leaves many people feeling overwhelmed. Real estate agents routinely handle the paperwork and will be able to translate and guide you through the entire process.

Basically a professional real estate agent can be a great benefit to those thinking about purchasing property, especially first time home buyers, because their experience and knowledge will lighten your stress load and make the entire process go more smoothly.