Buying or a selling a property, especially a home, is one of the most important as well as the most complicated transactions one makes in his/her life. It is a complex process that involves detailed market research, a lot of paperwork, decision making, legal matters and various unknown obstacles, and can be a tiresome experience to endure if you do it by yourself. To lessen all the fuss related to buying or selling a house, you can hire a realtor (a real estate agent) to deal with all these complicated matters.
There are a lot of advantages of hiring a realtor; besides lowering the stress level during the negotiation period, he/she can provide various other services for your convenience, such as filtering the offers, conducting the viewings on your behalf etc. In short an experienced real estate agent has knowledge, skills and connections in the property market to help his client through the process every step of the way.
Realtors take extensive pre-licensing courses before entering the real estate market. They have professional marketing and negotiating skills that can help you buy or sell your property smoothly, quickly and at a price that works best for you.
A real estate agent knows the ins and out of the property market much more than an outsider and uses his/her knowledge and experience to guide you through the whole process of buying and selling real estate. Your Realtor will also tell you your rights and responsibilities in the property market both as a buyer as well as a seller. He/she will work with you to formulate the best moves you can follow to achieve your goals. Remember your realtor will be your financial advisor as well. He/she can help you estimate the market value of the property that you already own or the one that you are planning to buy.
Experienced realtors have a number of resources at their fingertips, which can help you make the transaction (both buying and selling) much faster, and broaden your options as well. For example, if you want to buy a home, your realtor will have access to Multiple Listing Services (MLS), which contain details of all the properties that other realtors are selling. Similarly, if you are seller, your realtor will help you add your property to MLS.
Ethical Business Practices
All Realtors are bound to follow the extensive Code of Ethics of the Canadian Real Estate Association. The code of ethics has been designed by the Canadian government to protect clients, buyers and the sellers. The code binds the real estate agents to offer the clients his/her undivided loyalty and ensure confidentiality.