Today, because of the internet more information is available to the average home buyer or seller. But is that really enough when it comes to what is quite possibly your largest single investment? Many people assume that public real estate websites have the same information that we as Realtors have. Not so. The truth is Realtors have access to a great deal more valuable information than what you see when you visit websites like mls.ca.
There is other information that is valuable to you when deciding on a home purchase, such as; how long the property has been on the market, how many times the property has been offered for sale, and for how much, how many price reductions, taxes, how many times it has sold in past years and so on. Realtors will also have access to the listing and expiry dates, required deposit and vendor information. As well as sales on the street, comparable sales in the neighbourhood, area influences that can play a factor into comparable differences. All of which can play a vital role in determining value or developing a negotiation strategy. This information could make the difference between getting your offer accepted and not.
For sellers Realtors also have information important to you when determining a price and expectations in listing your home. For example what similar houses in the area have sold for, how often they become available for sale, how long it takes on average for a home to sell in the area and how to adjust for structural and geographical differences in comparable listings.
Each buyer and property is unique, as is each buying and selling experience. Because of this the most important value of a realtor, that an internet search can never achieve, is the knowledge and expertise we bring to the table that allows us to interpret the information in each situation. You may look at a piece of information one way and we as professionals see it from a completely different angle—an insiders' perspective. We are also able to view the home without the personal attachment to it and are able to see the things you have been overlooking for years. I once said to a seller to be read,y because buyers are going to comment that the bathroom needs to be updated because it was all blue. His reply was “Blue? What blue?”, as it was the tub, toilet and sink were blue and had been for so long, he has simply forgot. He also commented that everything was in good shape why would buyers complain. I explained that because blue is outdated, you cannot walk into a store and buy it anymore you need to order it (if you wanted it), so therefore buyers will see it as old regardless of their condition. That is just one example of things we see, that you may not.
There are many benefits to hiring a Realtor when buying or selling a home, more than I can get into in what I try to make a brief blog. Anytime you want to ask questions or discuss anything please feel free to contact me.