As you may know your real estate agent helps you comprehend everything you need to know about selling or buying a home.
The offering process generally begins with determination of a reasonable asking price. Your current Realtor or Real Estate Agent can provide you with up-to-date information on what is available, price, financing, terminology and condition of properties. These are key factors to get your property sold at the best price, quickly and with a bare minimum of hassle.
The next step is an advertising plan. Your Realtor can recommend repairs or beauty work that will significantly increase the ability to sell your property. Marketing involves the exposure of your property with other real estate agents and the public. In most markets across the country, more than 50% of real estate sales are cooperative sales; that is, when a real estate agent other than yours brings in the purchaser.
Your agent acts as the particular marketing coordinator, disbursing details about your property to other real estate agents via a Multiple Listing Service or other cooperative advertising networks, open houses for agents, etc. The real estate agent Code of Ethics requires Realtors to utilize these accommodating relationships when they benefit the clientele. Advertising is part of marketing. A choice of media and frequency regarding advertising depends a lot based on the property and specific market. By way of example, in some areas, newspaper advertising and marketing generates phone calls to the real estate office but statistically has minimum effectiveness in selling a specific property. Overexposure of your property in any media may provide a buyer the impression the property will be distressed or the seller is desperate. Your real estate agent should be fully aware of when, where and how to advertise your home. There is a misconception that marketing sells homes. The (NAR) National Association of Realtors studies show in which 82% of real estate income are the result of agent contacts through previous clients, referrals, friends, family and personal contacts.
When a property is sold with an agent’s help, you don’t have to allow strangers into your residence. Agents will generally pre-screen and go along with qualified prospects through your property. This leaves you without worrys of whom may be scoping out your home.
Familiarity with the Negotiations
The negotiation process deals with the same issues for both consumers, as noted above under the buying process. Your agent may help you objectively evaluate every purchaser’s proposal without compromising your own marketing position. This original agreement is only the beginning of a process of appraisals, inspections along with financing. All of these could create possible pitfalls. Your Realtor can help you compose a legally binding, win/win arrangement that will be more likely to make it through the procedure.
Monitoring, Negotiating and Closing
Between the first sales agreement and closing (or settlement), questions may happen. For example, unexpected repairs or having to obtain financing. The necessary paperwork alone is overwhelming for many sellers. Your agent is the absolute best person to objectively help you resolve these issues and efficiently move the transaction to closing (or perhaps settlement).
Why use a Realtor?
All real estate licensees are not the same. Only real est licensees who are members of the National Affiliation of Realtors are properly referred to as Realtors. They proudly present the Realtors logo for the business card or other marketing and sales literature. Realtors are dedicated to treating all parties to a transaction honestly. Realtors subscribe to the strict code of values and are expected to maintain a advanced level of knowledge of the process of buying and selling real estate. An independent survey accounts that almost 85% of homeowners would use the same real estate agent again.
Judge for Yourself
Real estate transactions involve one of the greatest financial investments most people experience of their lifetime. Transactions these days usually exceed $100,000. Should you have a $100,000 income tax problem, would you attempt to deal with that without the help of a CPA? If you had the $100,000 legal question, would you attempt to deal with it without the help of an attorney? Considering the small upside expense and the large downside risk, it would be foolish to consider to transact in real estate without the expert assistance of a Realtor.