1. Education And Experience
A good real estate agent has superb education of the local real estate market, meaning you won't have to try and learn everything there is to know about real estate.
Henry Ford once said, "When you hire people who are smarter than you are, it proves you are smarter than they are."
2. Neighborhood Knowledge
Knowing who to contact and where to go for the latest industry buzz in your neighborhood is definitely a key factor. For example, you may know a home down the street was on the market for $280,000, but a local real estate agent will know it had several upgrades and sold for $25,000 less than its asking price, after 65 days on the market and falling out of escrow.
3. Professional Networking
Most real estate agents network with other businesses and professionals, meaning they can recommend services that you may need to help buy or sell a home.
4. Handling Volumes of Paperwork
Today, purchase agreements run 10 pages or more, as opposed to in the early 1970's when all you had to deal with were one-page deposit receipts.
5. Developing Relationships for Future Business
The basis for an agent's career and future success are sometimes based merely on referrals.
6. Agents are Buffers
Agents help with filtering when dealing with people who are interested in showing your home. This means you'll get less browsers and more qualified buyers.
7. Price Guidance
Agents don't select prices to favor the buyers or sellers, believe it or not.
8. Market Conditions Information
Real estate professionals help with the buying or selling process by disclosing market conditions. This is very important when determining how you will proceed.
9. Negotiation and Confidentiality Skills
Many top production agents will negotiate well because, unlike buyers and sellers, they can remove themselves from several emotional aspects of the transaction because they're skilled. You can say it's their job.
10. Answering Questions After Closing
Many questions can develop that were merely overlooked in the excitement of closing. Good agents will always be standing by and eager to assist, even after closing.
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