Washington Heights, New York
180 Cabrini Blvd, Ste 10
New York, NY 10033
212-544-2995

What Could Go Wrong When You Don't Hire a Real Estate Agent August 30, 2017

Washington Heights, Manhattan
What Could Go Wrong When You Don't Hire a Real Estate Agent, Manhattan, New York

Although buying or selling a house might seem straightforward, even seasoned homeowners could face pitfalls. A real estate agent plays an essential role in the transaction, and you could have many problems if you don’t hire one. The consequences range from minor process issues to expensive mishaps.

3 Hazards of Not Hiring a Real Estate Agent

1. Setting or Paying the Wrong Price

Whether you’re buying or selling, it’s important to work with a competitive price that fits your budget and maximizes your return. It’s easy for a buyer who’s unfamiliar with the process to miss negotiating opportunities and pay too much. Sellers might list their home for a price that’s so low it limits their profit or so high it attracts little interest from house hunters. A real estate agent provides detailed insight into pricing based on market research to position you to get the best deal.

2. Getting Lost in Paperwork

Real estate agent New York NYReal estate transactions require extensive paperwork, and even finding the documents can be confusing. During a purchase or sale, missing paperwork can delay the closing or affect loan approval. You must file some forms with the courts, and failing to do so could result in legal problems. By hiring a real estate agent, you can leave the paperwork to an expert, knowing they will handle everything correctly.

3. Inheriting Hidden Issues

When you buy a home, you don’t want to inherit unaddressed hazards like a weak foundation or faulty wiring. These issues can be expensive and time-consuming to fix. A real estate agent will recommend an experienced home inspector to detect problems and use the information to negotiate repairs or a lower sales price.

 

The Tocco Group offers extensive real estate services throughout the New York City area, including leasing, buying, and selling assistance. Their team helps clients find the best deals, maximizing their budget and the property’s investment quality. Call (212) 544-2995 to speak with a real estate consultant and visit their website for more information about their services, including property management and real estate marketing. Like them on Facebook for more industry insight from their agents.

Other Announcements, Events and Deals from The Tocco Group
5 Steps to Take Before Listing Your Property for Sale, Manhattan, New York
Whether you’re selling a home or an investment property, it’s important to streamline the process to maximize the return. The staff at The Tocco Group in Manhattan, NY, provides...read more
The Top 5 Perks of Choosing a Townhouse, Manhattan, New York
If you’re looking at properties for sale in your desired area, don’t forget to consider townhouses. The option is especially fitting if you’d like a place that’s more spacious than a...read more
The Top 5 Mistakes New Homebuyers Make, Manhattan, New York
Buying a home is a major investment, one that can impact almost every area of your life. Unfortunately, many buyers aren’t adequately prepared for the complexities of the process, es...read more
Real Estate Agents: These 4 Mistakes Might Be Costing You Sales, Manhattan, New York
Real estate agents are in a constant game of self-improvement. There’s always a house that refuses to sell, a client who won’t accept a great deal, a goal that hovers just out of rea...read more
A New York Real Estate Agent Shares 3 Differences Between Selling a Home Vacant vs. Occupied, Manhattan, New York
There are any number of reasons why a home might be sold vacant as opposed to being sold occupied, but are there certain advantages of selling one way over the other? While any home ...read more