1. They have the education and experience
When one is a licensed real estate broker, it means that he or she has gone through schooling and training and has successfully passed the Real Estate Broker Licensure Exam. He is knowledgeable about the business of real estate, especially on the sales aspect of it. He is an expert at the many and various transactions that go with the business. So, whether you are selling or buying a real property, like a house for instance, a real estate broker will get the job done for you.
2. They are insiders of the real estate market
Brokers are well-acquainted to the conditions of the real estate market—the current pricing, the property supply and demand, comparable sales and other insider’s data. Once you engage his services, his knowledge becomes handy for your own benefit. Considering your needs and what the market can offer, your broker can devise the best deal for you.
3. You can take advantage of their connections
Brokers work with different people involved in the real estate business and establish connections with them. They know loan officers, house inspectors, lawyers, and other people with whom you might need a service from. If a need arises, your broker has the contacts to help you instantly.
4. You can leave the negotiation process to them
When it comes to negotiating the price, both buyers and sellers are likely to go for what’s best for them. Your broker’s experience and knowledge on market conditions are invaluable when negotiating the price for you.
5. They take care of the legal and admin transactions
Buying or selling a real property is essentially a legal process that requires a lot of paperwork. There are documents that need to be completed and submitted before a deal is closed. Your broker will take care of all the paperwork and other administration requirements and make sure that the process goes smoothly and nothing is missed. Your broker can also help you or get others to help you if you have questions regarding documents you are signing.
Working with a real estate broker can be satisfying and rewarding. The key is to find someone with whom you can put your confidence and trust on. In the Philippines, there are number of real estate brokers’ organizations like NREA and CREBA where you can find trustworthy real estate brokers. You can also verify here whether a real estate broker you know is licensed or not.