What good is an estate agent these days?
What a real estate agent should be good for in today's time
"Brokers are often not worth their money."
That's what a lot of people think who have had bad experiences with brokers. Which unfortunately often happens.
For what brokers?
(Only) A well-trained broker has a specialized knowledge that helps his clients and protects them from disadvantages and risks and has the following advantages:
1. sales result & price
A good broker knows the market, knows how to value a property, and takes into account its specifics. And he knows many preregistered customers who can be addressed even before an online ad is placed. And in price negotiations, private sellers often give away a lot of potential.
2. marketing
In addition, one should not underestimate the visual preparation: According to one study, properties advertised with video and 3D tours generate about a third more inquiries and about a 10% higher sales price.
3. effort
Private sellers usually can't match the service quality of a good realtor, if only because of the lack of experience and equipment. You are responsible for everything yourself - photos, video, documents, exposé, placement and advertising, coordinating inquiries, conducting viewings, negotiating the price, and much more - all these things are very time-consuming and often underestimated.
4. risk
Errors in the sale, defects in the property or non-compliance with legal regulations can lead to high financial disadvantages. And as a seller, you are generally liable for material defects and defects of title.
5. safety
A broker creates security with his advice and is also obliged to take out liability insurance.
Our tip
While in the case of smaller properties such as apartments and plots of land, a sale by the owner without a broker is still justifiable under certain circumstances, we always recommend the use of a professional broker for larger properties such as single-family and multi-family houses, apartment buildings and luxury properties. This is in any case advisable from the point of view of security, effort and price maximization.
You would like to get free and non-binding advice on your real estate?
Then simply contact us.