Real estate agents are under appreciated in Nigeria. Most people don’t understand the need for real estate agents. They believe they are extortionists looking for cheap pay. Most Nigerians believe their commissions are outrageous with no real justification for it. Hence the question, what are the benefits of real estate agent in Nigeria?
Below are some of the reasons why you need a real estate agent in Nigeria.
Real estate agents know the area better than you do
No one understands current market better than real estate agents. If you’re looking to invest in real estate, this is one of the main reasons and benefits of hiring a real estate agent. Top real estate agents are very knowledgeable in all aspects of the housing market. They also have in-depth knowledge of street-by-street market, for both home buyers and sellers.
Agents save you time
The final process in closing a real estate transaction can be time consuming. However, working with professional real estate agents can shorten the entire process and make it easier for you.
If you want to sell your property, the agent will help you identify serious buyers and handle inspection by potential buyers. If you’re a buyer, your agent will similarly shield you from being overwhelmed with calls and the aggressive marketing tactics of sellers.
Agents save you from being scammed
There are many steps in process of closing real estate transactions. If you’re buying in Lagos, you have the Omo onile and many others to deal with. There are also the countless paperwork (which you may not know about), counteroffers, settlement statements and more to deal with. Most buyers and sellers are usually overwhelmed by the amount of paperwork they need to go through when closing a deal. You can make things a whole lot easier for yourself by hiring a real estate agent to prevent yourself from being scammed.
Agents Leverage their professional networks
Real estate agents in Nigeria are professionals at networking. They know just about everyone involved in real estate business.
Most agents will have a list of qualified service providers who they’ve worked with in the past and they trust. This is one of the main benefits of hiring a real estate agent. For example, if you’re selling your house or property, your agent will give you a list of contractors, home repair, landscapers, plumbers, painters that you can use to get your house ready for the sale. And if you’re buying , even if the agent doesn’t have the house that fits into your budget or taste, the agent will ask from his/her network and get you your new home.
Real estate agents get the stress off you
The full-time job of a real estate agent is to act as a link between buyers and sellers, home owners and renters. For example, if you’re looking to buy a home, a real estate agent will find homes within your budget and taste and then schedule appointments for you to view the homes. If you are buying on your own, this can be very difficult if you’re shopping for homes that are for sale by owner.
Similarly, if you’re looking to sell your home by yourself, you will have to look out for interested buyers, answer questions over and over and schedule appointments. Bear in mind that potential buyers may likely move on if you appear to be too busy or don’t respond on time. Alternatively, you may find yourself scheduling an appointment and rushing to your property, only to find that no one shows up. This is why you need a real estate agent to handle all this for you.