Why use a PEI licensed real estate agent to buy or sell on PEI?

Your real estate purchase is in most cases the biggest financial commitment you will make in your personal life. If this transaction is not conducted with knowledge and professionalism it can have negative ramifications throughout you and your family's lives.

With the growth of DIY real estate services many vendors are beginning to feel that the sale of their property is something that they can handle themselves and save a lot of money. Interestingly the amount of money you would save does vary a lot from province to province based on the average sale price of houses. In BC when the average price is around $450,000 you may pay in the range of $14000+, whereas here in PEI where the average home sells at $136,000 you may pay around $7,000. Regardless though of the cost of selling your home there are some good points to make for using a licensed real estate agent.

Although this number varies there are usually around 300 licensed real estate agents working on PEI at any given time. This means that working as a network you really have 300 people who make real estate their life and their living working to sell your home. Through the MLS system, realtors have a networking and database system to ensure that your home will be seen and marketed to prospective purchasers who are seeking the type of property you have.

Of course working with a licensed real estate agent benefits you either as buyer or seller. As a seller you have the greatest opportunity through Multiple Listings to find the buyer who is looking for what you have and to have the sales and marketing of your property handled by a professional who is trained, licensed and insured.

As a buyer too you want to be represented in your purchase by someone who is trained, licensed and insured, has access to all the listings on PEI real estate and can assure you of professional service during your home-hunting experience, which can be a very trying and emotional time.

Using a real estate agent you have a source of information that you can rely on. You agent can help you determine your buying power and put you in touch with mortgage professionals that will assist you in obtaining a mortgage. Most real estate agents work in certain areas that they know especially well and can help you with choices of neighborhood based on your needs and provide information on utilities, zoning, schools and other amenities

Buying or selling your agent knows PEI real estate and can advise on market values, trends and housing market conditions. As well you can depend on your agent to help you through the negotiation process including purchase price, terms, financing, possession and the inclusion or otherwise of appliances, furnishings etc. You agent will assure that you are protected by recommending a home inspection and re-opening negotiations should there be found to be any major repairs required.

Most importantly, buying or selling, in the unlikely event that there were mistakes made or even fraud perpetrated the PEIREA requires agents to maintain Errors & Omissions Insurance and you are protected.

It seems that when you consider what the real estate agent and the real estate industry do to ensure that your real estate transaction goes smoothly that choosing a licensed real estate agent is the best way to proceed when handling the largest transaction of your personal life.

Ron Wesley is a PEI real estate consultant and he is vast experience in PEI real estate field. If you you want to know more about real estate visit here http://www.royallepagepei.com/