When looking for Long Island real estate, doing the work on your own may save you the commission rates, but it may also not be the best way to go because it may end up being more expensive than a broker’s commission. Selling or buying a property is a huge financial undertaking.
Here are some of the reasons why our real estate brokers can help you.
Acting as a liaison between the seller and the buyer is the full-time job of a broker. This means we can easily access other properties that are listed by other brokers. Both brokers who are working to sell and buy properties know what they have to do to get a mutual deal. If you want to buy a property, we would find properties with features that you want, get in touch with the brokers of the sellers, and set up appointments so you can view the properties. If you are buying Long Island real estate by yourself, you would have to make all these appointments on your own through email or phone or li-realestatefinder.
Likewise, if you want to sell your property, you need to accept calls or emails from interested people and set up appointments. Potential buyers tend to look somewhere else if you do not respond fast enough. Moreover, you may set up a meeting and rush to go home, just to find that nobody shows up.
Negotiating Can Be Complicated
Some people do not like doing business with a broker and think that a direct deal between sellers and buyers is more transparent. This may be true if both the seller and the buyer are quite good people who can get along. However, this is not always an easy affair.
As a buyer, you may like a home, but hate its striking yellow kitchen and shag carpet. If you work with us, you may express your dislike for the homeowner’s taste in design and complain about how much you would pay to upgrade the property without offending the owner. As your broker, we can pass on your concerns to the seller’s broker. We act as a messenger, so we may be better in negotiating a discount without annoying the owner.
Contracts Can Be Difficult to Deal with
If you want to sell or buy your Long Island real estate, the offer to purchase contract can help protect you and make sure that you can drop out of the negotiation if there are conditions that are not met. With the experience that we have in real estate, we can handle the same conditions and contracts regularly, and we are aware of which conditions to use, when they could be taken out safely, and how we can use the contract to protect you.
Real Estate Brokers Cannot Lie
They can lie, of course, but since they are licensed professionals, there will be bigger consequences than for a private seller or buyer. If you work with a licensed broker under an agency agreement, the broker is bound by law to act in your best interest.
Furthermore, as realtors, we depend mostly on repeat business and referrals to build a client base that we need to continue this business. This means doing what is best for the client is as important as making a sale.
Not Everybody Can Save Money
When buying or selling Long Island real estate, some people avoid using a broker to save money, but remember that it is uncertain that both the seller and the buyer would gain benefits from not paying commissions. For instance, if you are selling your property by yourself, your price will be based on the prices of other comparable properties in Long Island. Brokers can help sell a lot of these properties. Without a broker, the seller can keep the fraction of the sale price that could have been paid to the broker.
Buyers may also believe that they could save money on the property by not hiring a broker. However, they cannot both save the commission unless the seller and buyer agree to share the savings.
The process of selling or buying Long Island real estate is not as easy as some people thing. So, when you face a challenging situation, one of our brokers can help you.