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Buying or selling a home is one of the most significant financial transactions people will ever make. With such high stakes, it’s natural to wonder whether you should hire a real estate agent or handle the process independently. While some buyers and sellers successfully go the DIY route, others find that hiring an agent makes the process smoother and more efficient.
Click here (https://real-estate-crunch.com/should-you-hire-a-real-estate-agent-or-buy-sell-on-your-own/) to read more and listen in as Anita explores the pros and cons on this episode of Real Estate Crunch.
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[Music]
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hi this is Anita from Real Estate Crunch
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when a lot of people are looking to sell
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their home some questions that they
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might ask themselves are should I hire a
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real estate agent or buy or sell a home
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on my own and I think you know whether
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you're looking to buy a home or to sell
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a home people begin to ask this why
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because you know depending on the value
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of the home it can be very expensive to
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hire a real estate agent you know real
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estate agents this is my opinion on real
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estate
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agents is real estate agents are like
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anything else it depends upon who you
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get whether or not they are worth their
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money or not of course if you get an
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agent who doesn't know what they're
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doing maybe they're not worth the money
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but if you get an agent who really
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understands what they're doing knows how
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to help you negotiate can point you in
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the right direction then that agent and
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their experience is worth the money and
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also worth you doing it real estate
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agents generally fall into two you know
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type of categories you know there's uh
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buyers agents represent buyers and
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finding purchasing a home and sellers
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agents or the listing agents help
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sellers market and sell their homes for
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the best possible price so you know most
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of the agents will either do this one or
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another and a lot of times if it's an
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agent has a lot of in-depth knowledge
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the you know the buying agent might know
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the selling agent might be able to get
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some insider information get some things
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to help on it that again is very
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valuable especially if it's a property
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or home that you want to buy your agents
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typically work on commission so they
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earning a commission on the home sale
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price incentivizes them to close deals
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you know so that could work in the
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advantage or disadvantage they could try
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to close a deal quickly but most good
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agents will want to be able to close a
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deal because it's something that they
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you know they know they'll get the
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commission on it but they also want to
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make sure that you're happy because they
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realize that if you're happy you may
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recommend them in the
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future here's some of the pros and cons
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of hiring a real estate
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agent first of all one of the pros is
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market knowledge and experience a good
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real estate agent as I said before
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should have good market knowledge and
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experience and that's why have a real
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estate license you don't have a license
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for all of America just for a specific
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state and most agents just work in
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specific areas why because they need to
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have an indepth knowledge of the area
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they're working agents too should have
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good negotiation skills experienced
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agents know how to negotiate effectively
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and if you have an agent that doesn't
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like to negotiate they may not be the
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best agent for you especially if you're
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not a good negotiator they have access
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to listings the agents can access
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multiple listing services which includes
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up to date property listings and market
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data so buyers working with an agent
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often get earlier access to new
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properties before they hit the public
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listing they can help you handle the
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paperwork and all the legalities of um
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you know a property ownership you know
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buying or selling a home involves a lot
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of extensive paperwork including
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contracts disclosures and legal
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documents and a real estate agent can
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ensure everything's completely
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correct and you know on time and can
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reduce the risk of legal complications
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this right there is very important and
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this is one of the main jobs of real
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estate agents besides showing you homes
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and selling you the home is the fact too
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that the handling the paperwork can give
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you the marketing and the exposure if
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you're looking to sell they can help you
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handle the marketing strategies they can
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include online listings they can do open
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houses virtual tours and other you know
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media type of
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promotions they can save you time and
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and reduce uh stress you know selling or
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buying a home is timeconuming and
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complex and agents can handle logistics
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coordinate the showings and help you
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manage
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communications some of the reasons why
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people um the cons of having a real
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estate agent of course number one is the
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fee is the commission fee they you know
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it can be costly and you know they pay a
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commission around five to six% of the
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home sale price which is split between
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the buyer and seller's agent so you know
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it it can add up if you have a very
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expensive home that can add up less
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control some buyers and sellers prefer
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to have complete control over the
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process you know where you would may not
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have so much control if you have an
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agent depending upon your agent you can
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have a risk of an inexperience or if
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you're trying to sell an unmotivated
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agent and so your home could sit on the
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market for a long time which could make
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it you know harder with the value of the
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home and so um you know or you could
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have someone who just doesn't really
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know what they're doing they're
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inexperienced if you decide you're going
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to do it yourself you know of course you
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save on the commission cost you'll have
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full control over the process you'll
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have direct communication with any of
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the buyers and you can do your own
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marketing but at the same time you're
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gonna have very limited market exposure
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you're gonna have pricing challenges it
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could be hard to understand exactly what
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the price should be the negotiation
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might be more difficult you could have
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you know unless you know the paperwork
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it can be very complex paperwork and
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this can be an extremely time consuming
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process in dealing with real estate in
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asking which option is best for you for
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most people that are looking to buy
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property or home is to hire a good agent
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and you can check out the agent make
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sure the agent's right for you don't be
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afraid to fire an agent if the agent's
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not right for you but you know really
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check out and make sure that you have
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the right agent that can help you if
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you're someone who's very experienced in
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real estate hiring an agent may not be
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right for you and you may find instead
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that you want to go at it on your own
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we've written a blog post on this
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entitled should you hire a real estate
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agent or buy and sell on your own we'll
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put a link to the description below so
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you can read more about this and some of
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the ideas of things that you can look
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for when you are looking to either buy
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or sell a property either on your own or
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with an agent this is Anita with Real
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Estate Crunch thank you so much for
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listening we hope that you'll subscribe
6:09
join with us and be part of our
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community as we look at all things to do
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with real estate thank you so much
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[Music]
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