Nowadays almost everyone has got a friend or a relative who is a licensed realtor. However, when it comes to buying or selling real estate which is most likely your biggest investment, you need to know that choosing a local realtor has its strong advantages. Here are the top 3 of those pros:
- Neighbourhood Market In-Depth Knowledge
An experienced agent who specializes in a certain area watches the market in this pocket every day; knows all inside outs regarding home prices, models, buiders, days on the market without getting to the computer. Most likely he/she has personally inspected the majority of homes in this area before. If you are a buyer, the bonus is that local agent might have exclusive/hidden listings that are not advertised to general public and you get access to those as well. If you are a seller, most local agents have a pool of potential buyers who look for homes in this particular neighborhood, and it increases the chances to find a perfect match.
2. Community Knowledge
Most local agents live in the community where they work. What’s in it for you? It means, the local agent has his or her feet on the ground and knows where best schools/daycare are, can comment not only on the home condition, but also give you the inside info on the neighbourhoods’ specifics( like more for families with young kids/more established area/ mostly rentals etc). During the initial buyer’s consultation, the local agent will dig into your interests and priorities and can match it with the best suitable neighbourhood for your needs and wants. After you move in, your real estate agent might become a super helpful resource in helping you to find a local hairdresser/doctor/excellent restraurants/best coffee places in town … The list can go on and on 🙂
3. Network and Trust
An experienced local agent has done hundreds of deals with other agents in the community. They meet at networking events/ negotiate offers/ communicate on homes’ feedback after showings. Every agent has its own working style, and local agents know each other quite well. If you put your house for sale, your agent will contact the other top producing local realtors to spread the word and get your house seen and sold quickly. And local realtors have a trusted team of professionals in all fields: lawyers, renovation teams, home inspectors etc. so you don’t have all the legwork to find those specialists.
For more information on real estate matters, feel free to contact us and we would be happy to speak with you. The Nikolay and Tatiana Real Estate Team
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