If you've been through the home purchasing process but are facing your first sale, you may feel overwhelmed at the to-do list that awaits you. You may also have some timing questions regarding the sale of your current home and the purchase of your next home and could be worried that you'll still be searching for the right place long after your current home has gone under contract. What type of real estate arrangement can best help you? Read on to learn more about some of the differences you may notice between single agents and real estate teams, as well as a few of the factors you'll want to consider when deciding which option will be ideal for your situation:
What are the primary differences between real estate teams and agents?
Unless a real estate agent wears two "hats"--one as a buyer's agent and one as a listing agent--he or she may specialize in one specific type of client. This can mean that if you'd like to sell your current home while looking for a new one, you may need to enlist two agents--one to market your home and another to help you find your next place.
On the other hand, real estate teams generally consist of both buyer's and seller's agents, ensuring you'll be provided a full-service experience without increasing the commission (or confusion) of the selling and buying process. Some real estate teams also have a broker on staff to make financing a breeze, helping a real estate team become a one-stop shop for anyone in the market to sell.
What factors should you consider when deciding how to proceed?
While a real estate team can pose some specific advantages to certain clients, there are some situations in which a single agent may be a better choice. For example, if you're relocating to another part of the state where a real estate team doesn't operate, you may find yourself paying for more services than you need. Those who aren't planning to purchase at all and are instead moving into an apartment or another rental unit also won't need the buyer's agent services provided by a real estate team.
However, if you're going through the selling process for the first time while also looking for the next place to call home, you may benefit from the full-service environment of a real estate team. A real estate team can also be a benefit in depressed markets where homes aren't always selling quickly; utilizing the shared connections and relationships of each team member can increase the odds that a family will fall in love with your home.
Contact a realty company that specializes in real estate team jobs for more information and assistance.