Here are the reasons to work with a Realtor
For nearly ten years I have heard many excuses on why not to hire a Realtor. “I am contracting my nephew who just got his license, and I want to give him a hand by using him to sell my home”. “Who better than I to sell my own house?” “To buy a house I don’t need to contract a Realtor, I can just talk to the selling agent”. All of these explanations are perfectly understandable and normal for such a serious transaction. First of all, if you are relying on your inexperienced nephew to help you sell your home, you run the risk of overpricing or underpricing your home, and not having many prospects knocking at your door to buy your home. Secondly, it will be great if you can sell your home if you could enter it in the Multi-listing System, which is just accessible to realtors. Of course, you can utilize other media tools to advertise your home, but your realtor has many contacts and other realtors that might bring in qualified prospects, without putting you at risk of opening the door of any stranger that might not come in with the best intentions. Third, if you are a buyer, you will need representation, because the selling agent will be representing the seller, and will not be representing your best interest in the transaction, creating a conflict of interest. Remember, the selling aworks for the seller, wanting more money for the home, and negotiation will be difficult. Well, let’s see these and other reasons why to get a realtor.
Realtors are using social media
Realtors will use forms of media to promote your home, and find buyers. Because real estate agents have be on top of learning knew technologies and new forms of communication, the new forms of social media have helped in the promotion of real estate. Realtors can educate, promote properties, help other colleagues promote their properties, and increase their sphere of influence through multi-media. The use of Facebook, LinkedIn, Twitter, and their real estate agency websites provide a variety of networking possibilities. Talk with your Realtor to find out which methods of media they utilize to help you sell your home, or to find a home.
You need someone who can represent you
If you are a buyer and you have already gone through the prequalification process with a bank, you already have determined how much you are willing to pay for a home. Then the task of finding a home will be left to the buyer and its representation, the Realtor. For instance, Michele Lerner wrote in an article on the Washington Post that you need someone who’s invested in educating you about how to buy a home and can help you interpret the local market while giving you some nitty-gritty advice like making sure you have some liquid cash available before you start looking at homes so you don’t have to wait to make an offer. An experienced realtor knows the area, and can properly advise you on school districts, local tax and township regulations, and help you with the negotiating process with expertise. https://www.washingtonpost.com/realestate/how-to-hunt-for-the-right-real-estate-agent-before-hunting-for-a-home/2014/02/20/ab391636-7880-11e3-8963-b4b654bcc9b2_story.html
Buyer agency or Seller agency
The buyer agent signs a contract with you called buyer agency agreement, in which the agent agrees to assist the buyer in all its real estate needs through the negotiation process, and settlement all for free. The buyer agent’s commission is paid by the seller and the buyer agent is there to shows homes and matches buyers to homes. Seller agents work for the seller and sign a contract to maintain the listing of the home for an amount of time specified in the contract. Contracts with seller agents can be of 3, 6 or 12 months. The seller agent is responsible for conducting a market analysis of the home, provide tips on how to stage or improve the home for market, take pictures and video of the home for market reasons, advertise the home in the multi-listing service and other websites pertaining to real estate, do open houses, help in the negotiation process, and on to help prepare the seller for settlement. Many Realtors work as buyers’ agents and as listing agents for different transactions, in this case, this is called a dual agency; some work with a team on which some agents work only with buyers and some work only with sellers. In case an agent is approached by a buyer on an open house, and that buyer wants to buy that particular home using the listing agent, the listing agent must tell the buyer they are representing the seller. They can agree to work using the dual agency contract, but as long as both parties agree to this. http://www.realtor.org/
Real estate agents can speak the business language for you
With years of experience, I have learned the jargons of the business, how to negotiate in a shark-like manner, not backing down and fighting for the best deal for my clients. According to an article in Realtor.com, Realtors know the business language, we have to maintain our license through continuing educational courses every two years, and yearly continue to take courses provided by our agencies that help give our clients the tools in an ever-changing technological age, where the information has to be accessed and provided quicker than ever. With the touch of a button on my mobile, I can check my listings, provide information on properties in the market to my client along with public records information, send emails, call the bank for the latest status on my clients loan approval, and negotiate with other agents on the sales price of a property. Real estate agents are on top of technology to utilize the tools in a responsible, adequate manner.http://realtor.com
Not every real estate agent is a Realtor…
Not every real estate agent is a Realtor, who is a licensed real estate salesperson who belongs to the National Association of Realtors®, the largest trade group in the country. What difference does it make? Realtors are held to a higher ethical standard than licensed agents and must adhere to a Code of Ethics (http://www.realtor.org/).
If you are in need of information on real estate, contact your local Association of Realtors or myself I would gladly help. I know as a Realtor, that the more educated our client is the better to make a smooth transition into helping them selling or buying a home. Your opinion in this blog is appreciated.