PHILADELPHIA, PA, September 04, 2013 /24-7PressRelease/
-- Gary Richetelli
, founder of Ct. Corporation Inc., says real estate agents are useful for reducing headaches for homeowners, sellers, and buyers. An article
in Forbes outlines a few reasons why families should use real estate agents, even when there are online resources for selling and buying homes.
"Real estate agents take a percentage of a total sale for commission," real estate guru Gary Richetelli says. "However much that commission is, good agents are able to oversell a home in order for the seller to make more profit to begin with. 'Flying solo' is never a good idea when it comes to property transactions, especially when the industry is riddled with paperwork and other factors to pay attention to."
According to the article, real estate agents have better access and are more convenient. A full-time agent, for example, is able to directly interact with sellers and buyers, and work to come to a consensus about price. Buyers using real estate agents are able to better locate prospective homes that are in good neighborhoods with even better school districts, not to mention job-related criterion. For solo buyers, all of the stress and weight of locating a home is put on their own shoulders without an agent.
Private home sellers are in charge of everything, a process made exponentially more complex by working with a private buyer without an agent. Sellers would have to field phone calls, make appointments, and market everything on their own. Real estate agents have connections between cities and are able to use their own resources to list homes attractively and with minimal effort.
When it comes to final price negotiations, buyers and sellers often struggle because most people, according to the article, do not act reasonably with so much money on the table. It is important to keep a cool head during negotiations and go through the steps properly, things that real estate agents are born to do. The article also says that agents can play the role of the "bad guy" in a negotiation. This allows room for a better buyer and seller relationship.
Contracts, according to the article, are tough to handle without an agent. Various purchase contract conditions have small print, mortgage agreements, financing sections, and a dozen other complicated aspects that real estate agents are trained to help with. A good agent is able to protect the buyer and seller.
"Negotiations and contracts are the hardest parts of selling or buying a home," Gary Richetelli says. "Use a real estate agent with a formidable company behind them -- it's worth it in the long run."
Another reason to hire an agent is because they are law-bindingly trustworthy. In most states, agents under contract are required to represent the best interests of the buyer or seller. Because of referrals and industry reputations, they will do their best to work timely and efficiently as well. A lot of buyers and sellers expect to save money by declining an agent, but it is usually better to hire one according to Gary Richetelli.
Real estate expert Gary Richetelli founded Ct. Corporation Inc. in 1977. He passed the reins of the company off to his son Michael in 2001, and has since kept busy with his extensive collection of sports cars. He is also an active traveler.