Just a “Few” Reasons it’s so Important to Utilize the Services of a Realtor!

by Teri Ellis on July 30, 2011

First of all, did you know? Not all real estate practitioners are REALTORS®. The term REALTOR® is a registered trademark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS® and subscribes to its strict Code of Ethics. Here’s why it pays to work with a REALTOR® even when the market isn’t as convoluted as it is today!

1. REALTORS® Navigate a complicated process. Unbelievably complicated transactions with Banks forsalesignrequire the REALTOR® to know what he/she is doing.  Many of the Buyer agents are dealing with so many bank-owned listing agents along with negotiators, along with automated and online purchase agreement submittals that it’s mind-boggling. Buying or selling a home usually requires disclosure forms, inspection reports, mortgage documents, insurance policies, deeds, and multipage settlement statements. A knowledgeable expert will help you prepare the best deal, and avoid delays or costly mistakes.

2. REALTORS® provide Invaluable Information and opinions. REALTORS® can and do provide local community information on utilities, zoning, schools, and more. They’ll also be able to provide objective information about each property.  A professional will be able to help you answer ALL of your important questions and concerns!

3. REALTORS® Help find the best property out there. Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your REALTOR® to find all available properties. Many REALTORS® – especially neighborhood specialists – are aware of something coming on the market and can help you find the best property to suit your needs and desires.

4. REALTORS HAVE GREAT Negotiating skills. There are many negotiating factors, including but not limited to price, financing, terms, date of possession, and inclusion or exclusion of repairs, loanapprovedcouplefurnishings, or equipment. In addition, the Purchase Agreement should provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required.  Typically there is a ten day inspection period after all parties have signed the contract. Your REALTOR® should be aware of that and inform you the minute you have an accepted contract. The price for the home inspection generally runs about $350 depending on the size of the home.

5. REALTORS® provide the best property marketing power. Real estate doesn’t sell due due to advertising alone. In fact, a large share of real estate sales comes as the result of a practitioner’s contacts through previous clients, referrals, friends, and family. When a property is marketed with the help of a REALTOR®, you do not have to allow strangers into your home.  If you are present when a REALTOR® is showing your home be careful not to share personal information with the REALTOR® or the Buyers.

6. REALTORS® speak the language. If you don’t know a CMA from a CC&R, you can understand why it’s important to work with a professional REALTOR® who is immersed in the industry and knows the real estate language.

7. REALTORS® Experience. Most people buy and sell only a few homes in a lifetime, usually with quite a few years in between each purchase. Even if you have done it before, laws and regulatioListen1ns change. REALTORS®, on the other hand, handle hundreds of real estate transactions over the course of their career. Having an expert on your side is critical. AND “listen” to their advice and counsel – that’s another reason you hire them.

8. REALTORS® have an Objective voice. A home often symbolizes family, rest, and security — it’s not just four walls and a roof. Because of this, home buying and selling can be an emotional undertaking. And for most people, a home is the biggest purchase they’ll every make. Having a concerned, but objective, third party helps you stay focused on both the emotional and financial issues most important to you.

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