10 Reasons You Should Hire a Minnesota Real Estate Agent

It's free! The seller pays the real estate commissions in every real estate transaction. Sellers generally agree to commission levels of 5-7% depending upon the amount of marketing that a listing agent is going to do. In the Minnesota real estate market, average commission is right around 6%. The buyer agent's company generally gets 2.5 - 3% of the purchase price as a commission, paid by the seller.
Your real estate agent saves you thousands of dollars. Do you know you are getting a fair price on the home? Your agent will do a CMA to ensure that the property is priced correctly. We have heard so many stories where a buyer came in unrepresented, and ended up paying thousands too much for their new home. Would you go to a dentist and try to work on your teeth on your own? By the same token, buying a home is a huge transaction. Work with an expert!
Your real estate agent can help you stay out of court! Unfortunately in today's litigious society, lawsuits have become much more prevalent in the Minnesota real estate. In each transaction, you will have the opportunity to decide if you agree to arbitrate (if any dispute arose from the transaction.) Both parties need to sign the arbitration agreement in order for it to be binding. If one party does not, their differences must be resolved through our court system.
Search Homes Minneapolis Your real estate agent can put you in touch with a great mortgage lender. Some buyers go "fishing" trying to find any lender they can. Every seasoned real estate agent has a top lender that they can put you in touch with. Agents want to have someone who "reflects well" on their business, so a top agent is only going to refer you to a top mortgage professional.
Your real estate agent will help you consider all factors, when looking to purchase: the price, resale potential, the appreciation upside, inspection issues, etc. It is important to look at all of these items when considering a purchase. A top agent is looking to advise you and earn your respect as a lifelong client. For this reason, they want to advise you with items that would be in your best interest.
Your real estate agent will work with the listing agent to get your offer accepted at the best possible price and terms to you. Your agent will have the ability to present your offer to the seller and the listing agent. He or she can again, go to bat for you and make your case! Have an expert in your corner that knows and understands the offer process.
Your real estate agent only has your interest at heart. The agent is looking for repeat business, that is only attained when you are happy with their services! If you are not happy, of course you will not refer any more business. Real estate depends so heavily on referrals that taking care of the client is paramount for a top real estate agent.
Your real estate agent saves you time and frustration. There is no real advantage to "going it alone." Real estate transactions can be extremely complicated. Have a professional on your side who understands the "rules of the game." Because real estate laws and guidelines are continually changing, licensees in Minnesota are required to complete continuing education in order to keep their license current.
Your real estate agent will point out the pitfalls and possible negatives of a property. Perhaps there is a major issue that comes out of the home inspection. Perhaps there is an issue on the seller's disclosure or truth in housing report? A good agent is going to make you aware of all of this to protect your best interests. Maybe it makes sense to cancel the purchase agreement because of the inspection? Again, a good agent will be in your corner 100%.
Your real estate agent will work to help you get the property closed, and all necessary paperwork signed and completed. With so many forms, addendums, and amendments, a top agent will guide you to ensure that everything is filled out correctly. The job of a real estate agent is not one for an amateur. With so many ever changing rules and regulations, a great agent is going to ensure that you get to the closing table and moved into your home ... on time and with no memorable incidences!

Phong Cao of The Minnesota Real Estate Team has definitely made our home buying experience a hassle-free, enjoyable milestone in our lives, as we have moved from our apartment to our first comfortable home. The effort that Phong had initiated from the beginning made us feel very re-assured that we were working with a well-informed, capable Real Estate Agent. Phong is very down-to-earth, professional and a fun person to work with. He provided us with several prospective homes through email, which kept us informed of opportunities that fit our needs. Closing on the house was a breeze, and his follow-up since we have moved in to our new home shows that Phong Cao, and The Minnesota Real Estate Team are leading the way in the Twin Cities Real Estate Market. Thank you! - Shawn & Jennifer Williams, Minneapolis, MN