ReMax realtor April Prinz says the company’s agents receive guidance from a veteran in-office realtor.

ReMax realtor April Prinz says the company’s agents receive guidance from a veteran in-office realtor.

HOMEFINDER VICTORIA: Many benefits to using a realtor

Realtors take out worry of buying and selling a home

While the cost of buying a home is costly, a realtor could end up saving you thousands of dollars.

And while it may be tempting to skip the middleman and buy or sell your home on your own, the real estate market can be full of challenges, and having a professional to navigate it for you could save you a lot of grief.

Licensed realtors go through a year-long program, often at the University of B.C.’s Sauder School of Business, followed by post-licensing training at a realty board.

Many real estate companies also have mentorship programs, ensuring that new realtors are prepared before representing clients on their own.

“We find a good match for the realtor, who takes them to listing and selling appointments, before reversing the roles to make sure the new realtor is doing everything right by the book,” said Megan John of DFH Real Estate, who has worked as a mentor several times in her 15-year career.

One of the biggest advantages of using a realtor, said Victoria Real Estate Board director Tim Ayres, is for buyers looking to change neighbourhoods.

“Working in the market for so long, a realtor really gets to know a neighbourhood,” Ayres said. “They’ll be up-to-date on zoning bylaws, they’ll know the community plan and what’s going to take place in the neighbourhood in the future.”

A realtor will also be able to match a buyer’s needs to a specific home, comment on the condition or quality of the home and know how much it has sold for in the past.

Hiring a realtor can also save a lot of time. Instead of calling each seller’s agent, the buyer would only need to communicate with their own, who could also help to narrow down which homes to look at.

Market information isn’t a secret – a quick Google search or email can tell you what houses in a particular neighbourhood are selling for, how many are selling, etc. But along with having the most up-to-date and accurate information, as well as databases of historical information, real estate agents know how these numbers will affect any new home on the market.

While hiring a realtor has obvious benefits for buyers, sellers can also benefit from the help of a professional.

“Everybody has a right to sell their own home,” Ayres said, “but realtors have years of experience in selling, going through the process three or four times a month. They have market knowledge that the average person usually doesn’t have and can make recommendations on how to prepare a home for sale. If anything goes wrong, realtors are also insured.”

Ayres said that most prospective home owners still find the right realtor through word of mouth.

“It’s not unusual for a client to interview a potential realtor a couple times before hiring them,” Ayres said. “They’ll usually research the realtor online beforehand as well. People tend to do a lot of homework when it comes to real estate nowadays.”

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

The City of Victoria filed a petition with the Supreme Court of B.C. March 2 to have it clarify whether, under the Trustee Act, Beacon Hill Park can be used for temporary sheltering. (Black Press Media file photo)
Victoria asks court to clarify if Beacon Hill Park can be used for sheltering

City of Victoria filed petition to Supreme Court of B.C. March 2

The application proposing to rezone Western Speedway was passed by Langford’s planning, zoning and affordable housing committee Feb 8. A petition has since been started by residents of Trudie Terrace, hoping to stop the proposed residential portion of the development plan. (CBRE Victoria)
Petition opposing Western Speedway development proposal gains steam

Save Thetis Heights Neighborhood petition aims to stop extension of Trudie Terrace

Activists from the Fairy Creek Blockades hold the injunction application notice which was submitted by logging company Teal Jones to the B.C. Supreme Court. The application, which asks to have blockaders removed from the sites that stop access to cut blocks, is set to be heard on March 4. (Photo contributed/Joshua Wright)
Activists hunker down to protect Fairy Creek near Port Renfrew from logging

Forest company Teal Cedar applies for injunction to remove seven-month-old blockades

Boma Brown won the Emerging Leader Award for her work founding the Support Network for Indigenous Women and Women of Colour. (Courtesy of Boma Brown)
Victoria SNIWWOC founder up for national women’s award for volunteer efforts

Victoria’s Boma Brown is a semi-finalist in the running for the L’Oreal Paris Women of Worth award

Older rental apartments are prime candidates for renovations, and could result in lost affordable housing stock. (Zoë Ducklow photo)
B.C.’s renoviction overhaul a good start, but won’t preserve affordable stock, lawyer says

And still no protection for people who can’t pay rent due to COVID-19

(Photo by Marissa Baecker/Shoot the Breeze)
B.C. WHL teams to hit the ice with Kelowna, Kamloops hub cities

Kelowna, Kamloops centres chosen to host B.C. WHL teams for 24-game regular season

The victim of the homicide on Cowichan Lake Road early Monday morning was 17 years old, and was stabbed in the incident. (File photo)
Duncan homicide victim was 17 years old

RCMP report that teenager was stabbed

(Black Press file photo)
Agassiz boy, 11, dies from ‘extensive injuries’: Homicide team

Agassiz RCMP were called out Friday to assist with a child in medical distress

(File photo)
RCMP arrest man after report of gun-toting threat-maker near Parksville schools

43-year-old man taken into custody; students at nearby schools were asked to stay inside

The machines are akin to ATMs and allow drug users at risk of overdose to get hydromorphone pills dispensed to them after their palm has been scanned to identify its unique vein pattern. (CANADIAN PRESS)
Feds dole out $3.5M for ‘vending machines’ to dispense safer opioids in B.C.

The machines are located in four cities across Canada, including Vancouver and Victoria

Kelowna’s lakefront visitor centre is one of 130 around the province. Tourism businesses have been hardest hit by COVID-19 restrictions on travel. (Destination B.C.)
Tourism, small business getting COVID-19 help, B.C. minister says

$300M grant program has delivered $50 million so far

Most Read