Why Hire a Real Estate Broker?

Today, we’re gonna talk to you about the advantages of hiring a real estate broker.

In today’s modern world, most of the properties that we’ve seen are mostly are already mostly posted online. Gone are the days where you find most of these properties posted in newspapers or ads and then you just seen an inline ad, “Property for Sale, location, and then the contact number” and then, that’s about it. Nowadays, when you get your iPad or your laptop or simply with your phone and you see a lot of properties already posted on these ad portals. So, this raises a question, “What is the future of a real estate broker?” Is it gonna be outdated? What’s gonna happen to it? Is there any value that they’re adding to the equation? What’s their purpose? What’s their real purpose in buying a property? Today, we’re gonna talk to you about the real advantages of hiring a real estate broker for your properties’ transaction.

The first advantage of hiring a real estate broker is that it saves you a lot of time.

More often than not, purchasing a property and reselling it is not your main business. When you hire a real estate broker. They know a lot of real estate properties that can cater to your criteria. While it’s okay to go to an ad portal and search. There are some properties that a professional, licensed real estate broker is aware of that they can probably show you that might not have thought of otherwise and it can really save you a lot of time going around, searching properties, you know? Or maybe worst, purchasing the wrong one and having to resell it for the property you really like. Now, that’s a very very costly mistake to make. As far as time is concerned, for the seller’s side, it will save you a lot of time, as far as entertaining inquiry is concerned, making the marketing materials for the property, boosting the ads, blasting the property’s marketing materials, answering each of the inquiries, and when they inquire once, they will not inquire only once, they will inquire several more times because there are a lot of concerns involved in a real estate transaction. Sending proposals, doing following up, arranging a viewing with the client. And then, during the client viewing, probing them, assisting them, making sure their lease is taken cared of. And then, after the viewing, of course it’s not normal that they follow through. Normally, you have to do that as well. All of these processes is very very time consuming and we’re not even talking about a sale yet. With a professional licensed broker at your side, you can actually save time, since he will be the one doing all of these instead of you. How many times have you tried to post your own property only to have so many inquiries, so many questions, and then you have to attend to your work, you have to bring the kids to school, you have to do a lot of things and then, you have to attend to it because you’re selling your property. It’s a very tedious task. So, as far as saving your time is concerned, it’s a real real problem solver.

Now, on the end of the buyer, as far as looking for a property is concerned, since your property broker is well-versed into opportunities both on the resell market and in the pre-selling market alike. They can probably give you the best advice as to whether you have to wait and see because there’s a new development coming up and you can save your money for it so you don’t spend unnecessarily. Or if you’re looking at a certain area and there’s a better area being offered at the moment, or if there’s a good deal in the area waiting for you because online ads just doesn’t provide that. It’s not like it’s a human filter for everything, the business acumen. The knowledge to cover property good deals in the area can only be done by a licensed knowledgeable professional broker. So, it can save you time and a lot of headache if you deal with a professional broker that will help give you more value as far as looking for that perfect piece of property is concerned. Because as I’ve always said, buying a property could be one of the largest purchasing decisions of your life and we don’t do it haphazardly. We have to give this a careful thought and it would always help if you have a licensed professional at your side to help you do the sale.

Now the second advantage of hiring a professional licensed broker is that it protects both parties in the deal.

In today’s world, when you’re trying to make a property purchase, and you’re purchasing it from someone else. You can’t help, but of course, you have to be polite when dealing with the property owner and the property owner will always have to be polite in dealing with the buyer. But there are some things that you have to check about the property that you can’t directly tell the owner. Can you ask the owner, “Are you married?”, “Are you separated?”, “Do you have like a legal children that are heirs to the property?” You can’t do that or if you can ask, “How much mortgage do you have?”, “Do you have to pay it today?”, “When is the deadline?”, “Are you updated with your payment?” It’s kind of impolite for a buyer to ask. In the same way, if the seller is gonna ask the buyer, “Can you purchase my property?”, “Do you have the background?”, “Do you have the money to do it?”, “What’s your background? What’s your work?” You know, it could really get messy. But if you have a professional broker, either two brokers, on the seller’s side and on the buyer’s side, or one broker facilitating for both. They can do this on a professional level, they can ask all of these documents. For example, they can ask the copy of the title and we will do a due diligence for the part of the buyer. And then, you’ll know the property titles’ background and behind it we’ll see the liens and encumbrances that are attached to the particular property that you’re purchasing. So, you will know that the property is actually either good or it’s not clear of any liens or mortgages or encumbrances or whatever the property might have. So, as far as purchasing a property is concerned, having that professional with an acumen to see what’s really an alarm or what’s a problem can be fixed. It’s really be helpful for you to avoid very very costly mistakes. There are just so many things that can happen within one real estate transaction and it’s gona be very very helpful for you if you have a professional looking at this paperwork. Sometimes, the tax declaration’s name is not the same as the title, what do you do? When are the deadlines? What documents should you prepare? Should they be consumerized or just locally notarized? What fees should you pay? How much should this be? How do you draft the legal paperwork? It’s a professional broker’s job. It’s their job to know the market values to give you a       proper advice, to show you what documents are involved to be transparent in it, to make the deal easier, not just for the deal’s sake but to make sure both the buyer and the seller’s need are really being served in the professional proper manner.

The third advantage of hiring a real estate broker is easier paperwork.

There’s so much paperwork involved in one real estate transaction. Beginning with the title, the tax declaration, the drafting of the contracts, the offer letter, you know, verification, checking on the title background, checking on the mortgages if there are any, checking on the liens and the encumbrances and if you’re not there to actually represent yourself assigning on attorney in fact, special powers of attorney. All of these things, if you’re highly unfamiliar that this legal paperwork and these terms, the real estate professional broker can help show you how to actually draft these properly. And not only that, it will save you a lot of time also in the processing of this paperwork because you don’t have to go there yourself. This is when we’re talking about a real professional broker and not just somebody who’s trying to offer you a property. This is where the real value comes in. They can offer you real professional service as far as processing your paperwork is concerned because you don’t have to do it yourself. They can do it, they deliver the results to you and then the result is you have a title and a tax declaration already in your name.

The fourth advantage of hiring a professional real estate broker is professional marketing and negotiation experience.

Professional marketing and negotiation does not work against any party. This just means that the points are being translated into a person’s language. For example, you are a personal end user and what you understand from a property is you want to be able to use it so that your kids can go to school there in the area, you wanna live in the property because of the commercial areas around it. These are all for end use, for example, you are a property owner and you are an investor and this is just a language that you’re really really familiar with and you try to make a pitch to the buyer about investment and that the values gonna go up in the next few years, it’s just simply not gonna work. So, there’s a disconnect as far as negotiation or representation or even as basic as marketing is concerned. Another thing is when you’re talking about negotiation, this does not mean that you’re trying to get taken advantage of the other person, this does not mean of one person taking advantage of another… This just means, you guys are coming to a common ground. You guys are meeting at a certain level that is both acceptable for you. Because sometimes, and I’ve seen this happen in the past, translating it into a language that the buyer understands, or the seller understands, as far as what the nature of his personality is concerned is a vital area where the broker can really play a part. Say for example, you’re an investor, you’re looking at a certain percentage of the turn and you’re able to have the property disposed and as soon as possible time and you’re able to move to your next investments. Then, it could really be a good deal. Now, as far as the buyer is concerned, if he’s a personal user, he can move in immediately, he can use the facilities, it’s a nice buy, it’s below the fair market value that the owner’s offering, you know. These things are very important to make the deal happen and professional licensed real estate broker can help make this happen for you.

The fifth and final advantage of hiring a real estate broker is market knowledge and experience.

They have the real grasp of the market as far as what’s happening on the grassroot level. They know what’s happening on the ground, they know what new developments are coming out, they understand what property values sells in the area and what property value’s overpriced in the area, they understand why a premium is justified at a certain property because of certain factors. They know certain areas, certain streets, they know the lifestyle to be lived in the area, they can show you commercial residential options in this certain development, you know. All of these factors are highly important, most especially we’re doing this once, it’s a very expensive purchase. And at the same time, you are not vey familiar with the properties in the area. Even if you are, you might not be updated with what’s available in the area or in the surrounding areas or what’s happening or if there’s a good deal waiting for you. You just might miss it and it could be a very very expensive mistake to do. Having a licensed broker there at your side could really give you a lot of savings as far as dealing is concerned. To help you avoid the wrong decisions or wrong steps or say for example, simpler items like “when are the deadlines for the payment of your fees for the type of transfer?” There are deadlines to follow when you’re doing a real estate transaction and if your broker doesn’t know it or he doesn’t know it and these taxes are just accumulating per day, it could be quite a high price to pay. Your market knowledge as far as developments are concerned and the values and the pricing and how to really professionally market the property can really help you move in much faster at a proper rate and in a very ideal setting.

So, what have we learned today? Today, we learned that hiring a professional real estate broker can really add proper value as far as selling your property is concerned. Buying a property can also be a lot easier when you’re hiring a real estate broker cause they can actually point you to the right direction which is highly valuable when you’re making a multimillion peso purchase.