When looking to sell your home and buy a new one, some people prefer looking for one agent to handle both transactions. When doing this, you should be especially vigilant that your agent will be experienced in both buying and selling. When buying or selling Newton, MA, real estate, it’s ideal to use one agent for both of your transactions in this beautiful college town.
Newton, which includes Auburndale, Newtonville, and other desirable neighborhoods, is located along the Charles River just west of Boston. The Andover Newton Seminary at Yale Divinity School, Lasell University, the Mount Ida Campus, and Boston College are among the city's most notable educational institutions.
Overall, Newton is a beautiful area filled with greenery and activities, and finding one agent to manage both sides of your real estate experience can make things significantly easier for you in your real estate process.
Benefits of using one agent
Using the same Newton MA, real estate agent when buying and selling a home offers numerous benefits, such as:
Working with one agent allows smoother and more efficient communication throughout the process. The agent becomes familiar with the client's needs and preferences, resulting in a better understanding and anticipation of their requirements. It also makes for fielding fewer calls and questions on both accounts, which is always helpful and can save time.
This established relationship also fosters trust between the client and the agent, as they have already built a rapport.
What is a dual agency?
In real estate, dual agency refers to a situation where a single real estate agent or broker represents both the buyer and the seller in a real estate transaction. However, it can also be an agency that acts as your sellers agent for your current home and your buyers agent for the next home.
While there can be benefits to using one agent, sometimes there are some laws that prevent this. However, you can have two agents for the same brokerage represent you for each transaction as well.
Negotiation and market conditions
Negotiation strategies and understanding market conditions play a crucial role in the real estate process, as they can substantially impact the outcome of a transaction. When working with the same realtor when buying and selling in Newton, MA, thoroughly understanding negotiation techniques becomes even more important.
A skilled real estate agent who is helping you to both sell your current home as well as buying a new home can also help you set up a streamlined move from your old home into the new one. When your agent is representing both deals, they can help time your strategy using current data to estimate how long it will take your home to sell along with how long it will take a new home to close to make the transition easier. Not only that, but your agent can place contingencies on both transactions to ensure you do not have to move until you have both sold your old home and closed on your new one.
Reduced commission
Some real estate agents may offer reduced fees or provide other incentives for clients who use them for both transactions. These incentives could be in the form of a discounted commission rate, reduced administrative fees, or other cost-saving measures. The agent may be more willing to negotiate on their commission since they are earning income from both the sale and the purchase.
Changing agents
Changing agents can be a refreshing opportunity to find a new professional who better aligns with your needs and goals in the real estate market. Sometimes, despite careful selection, the relationship between an agent and client may need to be revised. In such cases, it is acceptable to make a change.
When you have one agent you trust and another you are unsure of, it is wise to consider using the agent you prefer for both transactions.
However, it is essential to note that breaking a contract with an agent may result in fees or legal consequences. To navigate this situation effectively, it is advisable to contact the agency's broker and discuss the issues faced. Open communication can help resolve conflicts or concerns and facilitate a smooth transition to another agent who can better meet your requirements.
Ultimately, finding an agent who instills confidence, communicates effectively, possesses relevant experience, and demonstrates a passion for their work is crucial in ensuring a successful real estate transaction.
Common mistakes to avoid
One common mistake to avoid when selecting a real estate agent is failing to research and interview potential candidates thoroughly. It is important to take the time to gather recommendations, conduct interviews, and ask relevant questions to find the right agent for your needs. You must do so to avoid working with an agent who lacks experience or knowledge of the area, which can lead to favorable outcomes.
Additionally, not conducting thorough research can result in hiring an untrustworthy or unethical agent who may not have your best interests at heart. Taking the necessary steps to find a trustworthy and experienced real estate agent will help ensure a smooth buying and selling process.
Tips for a smooth transaction
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Work with the same realtor throughout the buying and selling process
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Benefit from their expertise, knowledge of the local market, and understanding of specific needs and preferences
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Explore potential cost savings through commission discounts
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Select an experienced and trustworthy realtor to guide you through the process
Should you use the same agent?
Working with the same realtor when buying and selling Newton, MA real estate can provide several benefits. It allows for a seamless transaction transition from one deal to the next, builds trust through understanding client needs, and enhances negotiation power.
If you are looking for a skilled Newton, MA, real estate agent who can seamlessly represent you as both a buyer and seller agent, look no further than
Elizabeth Bain. Elizabeth is highly knowledgeable about the area, boasts a resounding reputation with both buyers and sellers, and always has the client’s best interests at heart. Reach out when you’re ready to get started or would like to further explore what the experience might look like of having one agent to handle both selling and buying.
