Top reasons revealed
Whether you are looking for a perfect working space, a dream house or thinking of selling your real estate property, a broker will help get the job done for you! From the search to the closing table, they have the necessary experience and skills to ensure a smooth, hassle-free, and successful real estate transaction.
After all, real estate transactions cost a huge amount of money and having a trusted partner who can help you make confident and informed decisions is an assurance that will you get the best value and just the right property.
Now, if you are thinking of the extra fee for a professionally licensed broker and trying to rely on your personal background and connections, referrals, and information online, maybe you should think again.
In no uncertain terms, you may end up spending more and losing money.
Remember, a real estate broker has the expertise, knowledge, and professional experience to guide you in every step of the way. And if you are not yet convinced, here are the top reasons that it’s in your best interest to seek professional help.
1. Ensure legal transactions
A real estate broker should have passed the Real Estate Brokers Licensure Exam administered by the Professional Regulation Commission (PRC) under the Republic Act 9646 or the Real Estate Service Act of the Philippines, otherwise known as the RESA Law.
A licensed real estate broker has gone through schooling and underwent extensive trainings to protect the best interests of its clients from providing the fundamentals of real estate services, recommending the best property solutions, to making intelligent and informed property decisions, and so on.
Moreover, dealing with licensed brokers greatly minimizes the risk from fraudulent transactions because they are registered with a regulatory government agency and bound to a fiduciary relationship – the principal reason why real estate brokers as a profession is regulated.
2. Count on the experience
Engaging in a real estate transaction is a major investment, thus professional advice from licensed and experienced brokers will help get the best out of the transaction.
Through their relevant experience and familiarity with the business, licensed brokers can analyze well and evaluate property acquisitions, ownership, and disposition with regards to pricing, property listings, types of housing, and other critical areas of expertise that a real estate transaction entails.
3. Consider the insider tips
Aside from being well-acquainted on the psychology of the real estate market, licensed brokers are also known for their insider tips to conclude a deal successfully – the current price positioning, listings that have not yet hit the market, comparable sales, lending options, the supply and demand of property, and among others.
Through their solid background and connections, clients gain access to a myriad of insider information. They completely see the big picture and understand the process of the business, and make you aware of the implications of your real estate decisions.
4. Connect with the right people
There is no better connector or networker than a real estate broker. Whether you are a buyer or a seller, a lessee or a lessor, seasoned licensed brokers have reliable solid connections and networks which might be suitable to your needs.
They can easily get referrals within their network such as loan officers, house inspectors, law professionals, contractors, photographers, home stagers, and other people with whom they have worked and provide you with background information to make a wise selection. If a need arises, they have reliable contacts to aid you promptly and ensure a hassle-free and meaningful transaction.
5. Negotiate intelligently
Not everyone has mastered the art of persuasion, and it is indeed no easy task. When it comes to negotiations, licensed brokers are critical in securing the best deal possible for your property and invaluable towards a fruitful deal. With several twists and turns that may take place during the process, real estate brokers fully grasp the intricacies of negotiations and able to strategize effectively while safeguarding the interests of both buyer and seller.
A skilled real estate brokers can explain exactly what to expect during the entire transaction so you aren’t caught off guard!
6. Handle volume of paperwork
Buying or selling a property is essentially a legal process that requires tons of paperwork from preparing legal documents to managing other administration requirements. As licensed brokers, they make sure that every stage of the process runs smoothly and efficiently by completing all the necessary papers before a deal is closed. A single mistake or omission could compromise the deal.
Within the brokerage, brokers also handle financial and management duties essential to operate a flourishing real estate venture.
7. A long-time partner
A good real estate broker is always ready to assist for questions or clarifications that can pop up even after the transaction is sealed – they don’t leave you in the dust to fend for yourself.
The Bottom Line
Certainly, licensed brokers play a very crucial role in any real estate transactions as they know what needs to be done to get a deal together. It is a sound practice to seek constant advice from real estate brokers. Their years of experience and expertise can only be beneficial to anyone who will enter into real investments. They are professionals who are equipped with the right competencies and trained to uphold and represent their clients in the best light.
And when you get into a challenging situation, it never hurts to have a trustworthy partner on your side.