While buyer demand remains steady in the Hampton Roads market, inventory continues to dwindle. December 2021’s month’s supply of inventory was at .88 — a record low. This means that in just under 30 days all of the available homes currently on the market could be gone. Now more than ever is the time to make sure you are equipped with your most valuable buying and selling tool, a Real Estate Agent. Hiring a real estate agent to help guide you in journeying through such an unpredictable market will be the key to your success. Here are a few reasons you should fall in love with the idea of getting connected with an experienced agent.
Access to the Multiple Listing Service
The Multiple Listing Service (MLS) brings agents and brokers together to give them access to listing data that in turn provides you with the most accurate information possible to help you make the best home buying and selling decision for yourself. In Hampton Roads, REIN MLS is the region’s Multiple Listing Service.
Knowledge of the Market and Process
Real estate agents are constantly keeping a pulse on trends in the market. They are able to educate you on current conditions and what cities and neighborhoods are performing the best. Experienced agents can also educate you on what the real estate process looks like specifically for a buyer and a seller. Buying or selling a home can be overwhelming, especially if it’s your first time. Your agent will work closely with you to make sure you are covering all the necessary steps on your checklist.
Network Connections
One of the best traits of an agent is their ability to network and make connections in the industry. They not only know the real estate process, but they also know the key players involved in fulfilling the result you’re hoping for. Most agents have a list of contractors, staging companies, title companies, plumbers, electricians, etc. that they can supply you. This saves you from wasting time searching for yourself, and it also gives you peace of mind in knowing you are likely receiving a reputable referral.
Educated on Real Estate Rules and Regulations
There are tons of rules and regulations that go into buying and selling a home. Violations of some of these rules can be costly. Working with someone educated in real estate practices will help you avoid any legal pitfalls.
Fresh Eyes
If you are selling your house, an agent will help you look at your home with fresh eyes. You may have a blind spot of some of the blemishes around your home, but your agent will be able to point out any imperfections that need to be addressed. They are also able to help you stage rooms to make sure it appeals to all types of buyers. Be open to their suggestions and embrace their expert advice.
In a market like we’re currently in, attempting to manage things on your own can be risky. Take advantage of the benefits of hiring a real estate agent to help support you through your buying and selling journey. Connect with one of more than 9,000 agents to help you navigate the market. Ready to buy but you’re not sure what you can afford? Check out the mortgage calculator to help estimate possible monthly payments. Download the REIN.com app and put the power of fresh and accurate listing data in the palm of your hand. Available in the App Store and Google Play Store. For local listings you can trust, start with REIN.com.
