Buying a home can be frustrating, time-consuming, and expensive for anyone who has ever done it. Finding the right property and negotiating a fair deal can be overwhelming for many first-time homebuyers. It’s possible to enter the market at an affordable price without sacrificing comfort or efficiency. A real estate broker can save you money and help you access more properties in less time than doing all the research and negotiations yourself.
Here, real estate broker Henry Stimler, whose area of expertise is origination and brokerage of multifamily debt and equity, shares some insights about why you should consider hiring a real estate broker as well as specific pros and cons you should take into account before making a final decision.
Who is Henry Stimler
Firstly, let’s take a moment to learn a bit about Henry Stimler.
From 2018 to present, Henry Stimler is the executive managing director at Newmark in New York. He specializes in origination and brokerage of multifamily debt and equity. The focus of his practice is on large portfolio bespoke transactions.
Stimler founded London Green Capital before joining Newmark. Until 2020, he served as a director of this firm. In addition to investing in the Midwest, Texas, and South Florida, Stimler’s advice enabled Tri-State investors to diversify their investments. The reach of Stimler extends worldwide.
He is fluent in English, Hebrew, and Yiddish since he sources equity from high-net-worth individuals from London, Tel Aviv, and Johannesburg.
Why Buy Real Estate Through a Broker?
The process of buying real estate with a broker is much more efficient than buying a house outright, as Henry Stimler explains. The first benefit is that you will save money. You don’t have to pay an agent’s fee. Brokers usually charge a percentage of the sale price as their fee. You can also find the perfect home faster with the help of a broker. You don’t have to spend hours looking at houses when you have a broker. Brokers do the research, connect you with multiple properties, and let you decide which one is right for you. From the first showing to closing, the broker will walk you through the entire process once you’ve found a home you like. The majority of brokers have their own system to let you know exactly when and how much you’ll need to pay to see a house. The process is much more efficient than looking for a house on your own.
The Benefits of Buying Real Estate With a Broker
According to Stimler, an executive managing director at Newmark, buying real estate through a broker is much more efficient than buying outright. Additionally, it can be more effective than buying direct. It is possible to shop in multiple markets simultaneously when you use a broker. There are hundreds, if not thousands, of listings available to real estate brokers. By using one, you can narrow down the areas you are most interested in. In addition to houses, condos, and land, brokers have access to a wide range of properties. Whether you need a single-family house or a multi-unit building, you can find a property that meets your needs. Additionally, brokers are often able to assist you in finding properties in areas you might not otherwise consider. There may be a bargain they know about that isn’t on the market otherwise.
Conclusion
The real estate market is an important asset, but it can also be complex and overwhelming at times. You can save money and get access to more properties if you use a broker instead of going it alone. In addition to being more efficient, using a broker can also be more effective. By seeing a variety of properties in multiple markets, you can find the house that’s right for you. For more information on this topic, follow the Quora space of Henry Stimler.