When the property market is somewhat stagnant, as it has been for some time now, but you still need to buy a new house, you will probably want to find the most effective real estate agent to help you to achieve this goal. There are many different choices when it comes to finding your ideal property, ranging from the large regional or national agent to the smaller local office. Some people even attempt to market their property themselves or do so using one of the internet property selling platforms.
When it comes to choosing a real estate agent, many sellers go to an organisation that advertises the least commission charges, whilst others will look to the agent who is offering to market the house for the highest selling price. These tend to be the larger agents, whose economies of scale often mean that they are able to offer reduced prices where the smaller agent is not able to do so, and who are able to hold out longer for a higher selling price.
However, in this article we hope to demonstrate that a key consideration, when selecting a real estate agent to help you find your ideal home, ought to be locality because, when it comes to buying your house, your local real estate agent may well be the best option.
The Advantages of a Local Agent
An estate agent whose office is local to the property that is being marketed has certain clear advantages over competing agencies.
In no specific order, we set out some of the reasons for this.
• A local agent is far more likely to have sold similar properties to the one that you are looking for, in the area. Local knowledge of purchaser preferences and sales that have been achieved are likely to result in a more realistic asking price being set at the outset.
• It is much more likely that you will receive a more personal service from a local agent. Continuity of contact with a particular representative makes the purchasing process feel much less stressful.
• The locality of the estate agent’s office means that you will be able to visit personally, when coming to view a property, rather than be required to make contact only by phone or in writing.
• You will be able to consult with friends, family and colleagues about their own personal relationship with the local agent, which is less likely if you are dealing with one whose office is out of the area.
• Most local estate agents have developed a reputation, over the years that they have been in practice. In a competitive market, a local agent will be anxious to preserve a good reputation with buyers who are looking to move into the locality, by maintaining a high standard of service.
• Although some local agents have relatively small operations, this is compensated for by the high level of personal service that they are able to deliver.
There is a wide choice of real estate agent – but local may be best.
Whilst there can be no guarantee that the appointment of a local estate agent will result in a rapid purchase of your dream home for the price that you want, for the reasons set out above, it may well put you one step ahead of buyers who have chosen one or more of the alternative purchasing options.
This article was written on behalf of McCarthy & Co, Local Estate Agents in Torquay, Torbay South Devon, whose website can be found at www.mccarthyestates.com
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