Here's our continuation on Adam Sen's column on 8 Reasons why you can’t sell/purchase your property successfully without the existence of a property negotiator/agent:
1. Documentation Checklist.
Professional negotiators / agents are required to perform the necessary checks on all the important
documents needed for mortgage loan processing & drafting of the SPA, which some of you as a buyer
or seller may not be aware of, like caveats as well as the title (ownership, restriction, propertydetails, sizes, etc)
All this checking is to ensure that no details is overlooked which may cause the complications on the sale process.
If there is any complications happen, the negotiators / agents will need to handle & solve the problem for the buyer
or seller without any worries. Negotiators / agents will also give advises on which bank suits best for the
buyer, get the right banker & lawyer as well.
2. Time Consumption.
Imagine that you have 4 houses and all are going for sale / lease, do you have the time to open the door for your client
to view if there are at least 2 viewing per day for each houses? If there’s any defect or renovation needed to be done in
the house, do you need to open the door for the contractor, monitor them and wait for them to complete the job only can
leave the house?
How much time have you wasted on all this kind of unproductive activity? Just leave this job to the negotiators / agents to
handle it. On the other hand, negotiators / agents will filter & show you those property which match your requirements,
rather than showing you the wrong property that you do not want. This will save you a lot of time searching &
seeing the wrong property.
3. Market Information.
Real estate negotiators / agents will have the first hand market information that can be disclose to the buyers / sellers.
They can identify the data and hand these facts to you. Data such as the average price per square feet, median and
average sales prices, duration in the market and ratios of list-to-sold prices. In addition, they are also able to
point you in the direction where you can find more data on schools, crime or demographics in that area.
All this information are very useful to determine whether you are buying the right property or not.
4. After Sales Service.
Even the smoothest transactions that close without complications can come back to haunt you. For example,
taxing authorities that collect property tax assessments, documents stamps or transfer of tax that can fall months behind
and mix up invoices, but one call to your negotiators / agents can straighten out the confusion. Many questions can pop up
that were overlooked in the excitement of closing. Good negotiators / agents stand by and ready to assist.
Worthy and honest negotiators / agents don't leave you in the dust to fend for yourself.