Streamline Your Home Transactions: The Benefits of a Single Realtor
Should I Hire the Same Realtor to Sell and Buy a House?
It depends on the realtor or real estate firm, the services they offer, and their experience with both the homebuying and selling processes. There are potential advantages and disadvantages to using the same real estate professional for both transactions, and not every residential real estate firm will be equal in their abilities.
Potential Benefits of Using the Same Real Estate Firm to Buy a Home and Sell Your Current Home
Working with a single real estate firm to both sell your current home and buy a new one can streamline the process of communication and coordination. They will understand your timelines and needs on both sides of the transaction, which can potentially have benefits for aligning closings or negotiating terms that work for your situation.
A realtor assisting you with both the buying and selling will be familiar with your goals and may be able to use their comprehensive understanding of your desires to better match you with new homes that meet your needs. In some cases, a real estate firm like 72SOLD may even help you see homes that are about to go on the market before they are published on the MLS, Zillow or other listing services.
Although all agents owe the same fiduciary duty to clients, there are some realtors who may work harder for you if they know they will get two commissions out of your business. They might be more invested in your success in both transactions.
Some real estate firms also offer discounts on commissions, or extra services, like staging or other marketing assistance, if they know you’re bringing them both your homebuying and selling business. This could lead to overall savings on your transactions.
Disadvantages and Risks With Using the Same Realtor for Both Transactions
The biggest risk in using the same real estate agent for both buying and selling a house is a potential conflict of interest. They may prioritize the more lucrative side of your purchase or sale and put less focus on the other.
A single real estate agent may also not be familiar with the state, cities or regions where you’re moving. Ideally, you want an agent who has expertise in the real estate market on both sides of the transaction. If your listing agent isn’t familiar with where you’re moving, you may benefit from seeking help with a local professional there.
Not every real estate agent has the experience to handle both sides of a real estate transaction, or enough time to manage both well. There are many timelines and negotiations that must be managed during both processes. If your home selling and homebuying process are running concurrently, and your real estate agent is working with other clients at the same time, there could be an increased likelihood of procedural mistakes, slow communication, or one transaction being shortchanged.
What Are the Benefits of Working With 72SOLD for Buying and Selling My Home?
72SOLD has a proven track record of success with thousands of five-star reviews and even independent, third-party studies to back up the efficacy of our process. Our clients enjoy a median home sale price 7.8 percent higher than others in their MLS. We also help buyers see new homes before they are published in the MLS or listed on other sites.
Clients who work with 72SOLD for both buying and selling their home also enjoy a consistent strategy across both transactions. We balance your priorities and offer a cohesive and effective approach during negotiations, pricing and closing timelines. Consistently high-quality service in both the selling and buying process can provide an overall smoother experience, which can be especially valuable when you are also dealing with the logistical challenges of moving from one home to another.
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