When you are trying to buy or sell a home, one of the first questions that you will likely be looking for an answer to is where to find a real estate agent. As you conduct more research and look into different types of real estate companies, it is likely that you will also question whether you should hire a local real estate agent vs. a national agency.
There are many factors to consider when making a decision between going with a local real estate agent or a national agency. We at Premier Utah Real Estate understand that the buying and selling process can be complicated as it is, so we have created this guide to help you understand the differences between a local real estate agent vs. a national agency.
One thing that is important to understand about a local real estate agent vs. a national agency is that in the real estate industry, it really does not matter whether you hire a local agent or a national agency if you are concerned about an agency’s power in an area. It will not matter because they will be relatively the same. This is because the real estate market is largely influenced by local factors.
Pros Of Hiring A Local Real Estate Agent
There are several pros to hiring a local real estate agent. As previously mentioned, the real estate market gets a lot of influence from local factors. This means that local real estate companies will have the same if not more information regarding buying and selling real estate in the area than a national agency will have. Local real estate firms are also typically better at giving their customers quicker turnaround times because they are smaller.
Local real estate agents also are typically very experienced and have a lot of local market knowledge which can be useful to you. Due to the fact that the firm is not spread across the country, the broker that you work with will also be more likely to be able to give you more time and attention than another broker could. You are also going to be much more likely to have access to the best agents of the firm.
Cons Of Hiring a Local Agent
The biggest disadvantage to hiring a local real estate broker is that you are most likely not going to be working with a large, well-known company. This means that you will not be able to get in contact with an office in a different state. If you are planning to move out of the state, then a local agent in your current state would most likely not be of much use to you because the market will be different in the new state.
Pros Of Hiring A National Agent
A reason why you may choose to hire a national real estate agent is because they have access to a lot of information regarding national real estate trends. They can help you find a good deal across the country and will give you more access to more offices in different states. A national agency is also typically more well-known and therefore has a high reputation to uphold, meaning that they will most likely be a safe choice to help you.
Cons Of Hiring A National Agency
One of the cons of hiring a national agency is that they are most likely to have a lot of clients. This means that you will probably have less access to the best agents and your agent will probably be less available to you. Lastly, while national agencies have a lot of information about national real estate trends, they have less information about local trends, especially in niche real estate markets.
Which Is Better: Local Real Estate Agent Vs. A National Agency?
The question of whether you should hire a local real estate agent vs. a national agency has a different answer for each person. You must decide what is most important to you. Do you want to buy a property in state or out of state? Are you just looking for someone to help you with paperwork or are you looking for more hands-on service? These are some questions that you must ask yourself.
If you are living in Tooele, Utah or any of the surrounding cities, and are looking for a local agent, we at Premier Utah Real Estate would be happy to oblige. We employ several experienced and professional agents and take pride in helping individuals sell their homes or find a home that is perfect for them. Reach out to us for more information.