Using a Philadelphia Real Estate Agent

It’s no secret that Philadelphia is a historic city with many hidden gems. As a result, the housing market in the city of brotherly love is competitive. Philly is a large city with a roughly one-and-a-half million population. Using a qualified realtor is vital to stay ahead in the current housing market. 

There are multiple routes to sell a house; each home-selling method is not equivalent. The same goes for real estate agents; some realtors produce better results than others. Decide on the best way to sell your property, then narrow your search to locate the most appropriate real estate agent in Pennsylvania.

Options When Selling a Home in Philly

Knowing all options is essential when selling a house in Philadelphia’s competitive market. There are two popular home-selling routes; both can produce positive results but are tailored to fit specific needs.

The first option is to sell a house directly to a cash buyer. Selling to a home investor can be a quick and basic sale, but it usually leaves profit on the table. Selling directly to an investor is ideal for foreclosure homeowners, but if you have time, take the other route. 

The most effective and popular home-selling method is to use a real estate agent Philadelphia. Most individuals prefer using a realtor because they are held to high standards and follow a code of ethics. Agents must be transparent, honest, and knowledgeable, allowing them to help their clients with any real estate needs.

Benefits of Selling House With Agent

There are many advantages to selling your property through a real estate agent. The most critical aspect is that agents can accurately price the home. Listing the house at an accurate price can make a huge difference, usually thousands of dollars. Most individuals can afford to leave money on the table, mainly if they use the proceeds to purchase a new home. Agents are licensed professionals who are held to standards and can lose their licenses for misleading clients.

Real estate agents have unique platforms only available to these professionals, such as MLS. Listing agents upload the property details to the online website (MLS), which exposes the property to all agents in Pennsylvania. These platforms allow realtors an extensive network of potential buyers, which differs from listing the home for sale by the owner.

An experienced agent becomes a pro at negotiating the deal, providing favorable terms and the highest sales price. Also, agents in Philadelphia handle all the paperwork, which can be overwhelming and very detailed. Utilizing a realtor to sell your home is well worth it. The peace of mind of knowing the sale will be done correctly while receiving the highest profit pays for itself regarding realtor commissions.

Using a Real Estate Agent to Buy a House

Utilizing an agent with your home search is essential since it can save you time and money. Going into a homebuying situation unprepared or unfamiliar with an area is never suggested. When the time comes to purchase a house, use a licensed real estate agent in Philadelphia. Most of the time, the buyer's agent commission is covered by the property seller, so there are no out-of-pocket expenses.

Find an agent who has experience representing buyers in the Philadelphia area. The agent can provide feedback on neighborhood backgrounds and real estate insight. These realtors can run real estate comps to ensure the asking price is accurate. If individuals represent themselves in a real estate transaction, they run the chance of overpaying for the property.

Another benefit of using a real estate agent to buy a house in Philadelphia is that they can identify potential home issues. Agents can either point out structural issues or refer a home inspector who can identify potential problems. If you’re a first-time homebuyer, contact a realtor, considering they have the resources, like lenders, to make things as simple as possible. Like selling property, buying houses involves tons of paperwork, which is best left to a professional to ensure a smooth transaction.

Agents are Worth the Price

Buying or selling a house is an enormous decision with plenty of financial implications. A bad real estate move can leave people bankrupt if not approached correctly. Using an agent to avoid overpaying for a house, leading to foreclosure is essential. Most of us have no real estate experience or knowledge, so it’s best left to the pros to guide us through the process. A real estate agent's commission is up to six percent of the sales price. The six percent can seem overwhelming but can cover its own expense. Homeowners who sell directly to a home investor receive lowball offers, costing themselves a large percentage. 

Beyond the financial aspect of a real estate agent, these individuals can use their resources to save time. These professionals have platforms like Multiple Listing Services. MLS allows you to enter the buyer's criteria and locate homes that may not be available to your average person. Also, the network of like-minded individuals can present off-market real estate opportunities.

Not all agents are equal; some are more qualified than others. When searching for a real estate agent in Philadelphia, finding someone familiar with the neighborhood you prefer to buy is crucial. Also, ensure they have completed multiple sales within that city section. The best way to find these pros is by recommendations or word of mouth. However, if you don’t have the connections to find an agent, simply conduct a Google search and check out their reviews. Choosing the wrong agent can cost valuable time and money. There is no reason to complicate a potentially simple process; use an agent to sell or buy a home.