Sin City Realtors
Hello, curious homebuyers. My name is Lynn Stringer. For several decades, I have been selling real estate. Many people ask me, “Do I need an agent when buying real estate in Vegas”? The decision to use an agent when buying a home is a personal one. This edition of LUXE BLOG will go over some of the main advantages.
Market Knowledge
Realtors know the current market conditions. Moreover, they can offer you unbiased opinions on market conditions, pricing trends, the location of the property, and more. An agent can also provide you with more data on recent sales and average home prices in the area. Helpful, right?
Inventory
Next up is the benefit of market inventory. Sometimes, an agent may have access to off-market listings that have yet to hit the market. Whether that is a piece of developer inventory or a home one of their clients is about to sell, it opens doors. No pun intended. All these factors can help you significantly.
Avoiding Dual Agency
One of the most essential aspects of having your own real estate representation is avoiding Dual Agency. For instance, did you know that when you walk into a new home community, you (most often) sacrifice your right to your own representation? After 30 years in the business, I still wonder how buyers could be so uneducated on this FACT. As of 2023, dual agency is illegal in the following states:
- Alaska
- Colorado
- Florida
- Kansas
- Maryland
- Texas
- Vermont
- Wyoming
Do I Need An Agent When Buying Real Estate In Las Vegas?
Negotiation
A good real estate professional can negotiate. This may include the price of the property, closing costs, and other aspects of the sale. Agents can also put pressure on the seller to meet your demands, as they are skilled communicators who can effectively argue your case.
Paperwork & More
When buying real estate in Las Vegas, many legal procedures need to be followed. An experienced Las Vegas real estate broker should be familiar with these procedures and can guide you. This includes helping you through paperwork, inspections, and legal formalities (although Realtors cannot practice law). When it comes to legal matters, they can also recommend competent attorneys.
Questions & Answers
Q: What makes working with a Vegas Realtor different from working with one in another city?
A: Every real estate market is unique and has its own laws. With that said, the process is similar in most states.
Q: I’m worried about dual agency. Is it ALWAYS dangerous?
A: Dual agency occurs when the same real estate agent represents the buyer and the seller in a transaction. It can be bad for both parties. For instance, let’s say you list your home with an agent. And that agent finds a buyer. That would be good, right? As long as the agent was neutral. However, there’s the prob. NEUTRAL. When an agent is on your side only, it feels pretty good ?
Q: I don’t real estate agents. How can I know if I’m working with a good one?
A: Look for an agent with a proven track record of success and positive client reviews. You can also ask for references and check their credentials.
Q: I’ve heard that buying a home is a stressful process. How can a real estate agent help me reduce stress?
A: Many times, I tell my clients to let me, as the pilot, be the pilot. You will need to put on your seatbelt. Also, there WILL be turbulence. A real estate agent can handle all the details of the home buying process, from scheduling showings to negotiations, so that you can focus on finding your dream home. They can also answer any questions and provide guidance and support along the way.
My Name Is Lynn Stringer
My name is Lynn Stringer. As a Las Vegas luxury real estate agent and broker, I would like to earn your business. I know this business. Having a real estate agent when buying a property in Las Vegas is not mandatory. Yet it is highly recommended. As I highlighted, there are many benefits to working with an agent. Especially one who knows what they’re doing. Should you like to discuss the intangibles of buying a home, feel free to reach out.