You may wonder if using the same agent when buying and selling a home is advisable. The truth is, this is often the best scenario for your situation when evaluating Highlands, North Carolina, real estate.
A selling agent works with clients who are purchasing a home. Their primary responsibility is to assist buyers from the beginning of the process through closing. While it is possible to look for a home on your own, a selling agent’s training and experience allow them to understand each detail and ensure the successful completion of all essential steps. The selling agent works with you at the beginning of the process to help you decide what you are looking for in the home you want to purchase.
A listing agent works specifically for the seller of a property, ensuring a smooth and hassle-free process. Listing agents are responsible for ensuring the home is ready to be placed on the market and provide recommendations to assist you in selling it for the highest price possible. Be prepared for your listing agent to handle most of the paperwork. They will thoroughly explain their contract agreement and their commission. Once your home has a buyer, your agent negotiates a contract between you and the buyer. Your listing agent schedules the closing just as your selling agent would and walks you through each step.
Below are the reasons it’s a good idea to work with the same agent when you’re buying and selling homes at the same time.
Less complicated and more coordinated closings
If you and your agent have a good rapport, it may make the most sense to use them as both a listing agent and a selling agent. The two transactions will be much easier than coordinating between two separate agents. Closing is an integral part of the real estate transaction process. Your agent coordinates the closing with the buyers, sellers, attorneys, real estate agents, and the closing officer. Once everything is signed and the two parties complete the necessary financial transactions at the closing, the house keys are transferred.
Occasionally there can be difficulties in scheduling closings. Working with just one real estate agent who handles everything for you on both sides of the deal increases the possibility of an efficient and smooth closing. Working with one agent could save you stress and headaches down the road. North Carolina requires an attorney to be present at all closings. Typically, agents work with a regular attorney familiar with your agent and the closing process. The same attorney can provide the necessary representation for buying and selling properties in the same transaction.
Comfort and trust in one person
Working with the same agent on both sides of a deal allows them to be more familiar with your situation and coordinate details to ensure your closing occurs promptly. Buying or selling a home is a significant undertaking, and partnering with an agent whom you feel at ease with and who understands your requirements, desires, and financial situation is vital for successfully buying and selling your home. Your agent knows you and your family. Over time, they understand what you are looking for in a new house, what you do not like about your current house, and the criteria you are looking for when viewing homes for sale in Highlands, North Carolina. Here is where your agent’s network and understanding of the neighborhoods involved are critical to ensuring a successful transaction.
Greater negotiation power
Thanks to their ability to understand your needs in both the buying and selling of Highlands real estate, an experienced real estate agent knows the market well and understands where there may be opportunities to take their negotiation skills to the next level. For instance, in a seller’s market, you may need to offer more than the price of a home you are interested in purchasing. Your agent knows you are making more money than anticipated on the sale of your current home, thanks to the low inventory on the market. Therefore, they can advise you on how to make the best deal to sell your existing home and buy a future one. Your agent’s understanding of the nuances of real estate negotiation will allow you to reap significant financial rewards from the finalized deal.
Looking for a Highlands real estate agent?
Local real estate agents provide the latest information about Highlands homes for sale and current market trends. Spencer Kirkpatrick is an experienced real estate agent serving both buyers and sellers. His professional knowledge ensures that your luxury property transactions occur promptly and profitably. Contact Spencer today to view current properties on the market or to discuss how he can help you sell your existing Highlands home.
