Realtors have resources to help home sales
Realtors have resources to help home sales
Your real estate transactions are some of the biggest financial investments of your lifetime. Transactions today usually exceed $500,000. If you had a $500,000 income tax problem, would you attempt to deal with it without the help of a CPA? Could you cope with a $500,000 legal question without the advice of an attorney? Weighing the cost against the risk, it would be foolish to consider a deal in real estate without the assistance of a qualified real estate professional.
A Realtor helps you assess your financial reserves and your borrowing capacity. With basic information about your available savings, income and current debt, we can refer you to the best qualified lenders.
We have the resources to help you find that perfect home or investment property. Sometimes your dream home is available but not actively advertised in the market. We pull out all the stops to find you all available properties.
Agents have access to a variety of informational resources. We provide local community information on utilities, zoning, schools and services. We can help you decide if the property provides the needed environment for a home or investment. In addition, we can help you assess the potential resale capacity of each option.
During your transaction, you will face negotiation factors such as price, financing, terms, date of possession, repairs and the options of furnishings or equipment. The purchase agreement gives you time to complete needed inspections and investigations before you are contractually required to complete the purchase. Your agent helps you determine which investigations and inspections are recommended or required and guides you through the process. This could include inspections for termites, dry rot, asbestos, faulty structure, roof condition, septic tank and well tests, just to name a few.
Your agent can locate professionals to do most of these investigations and provide written reports. You will also want to see a preliminary report on the title of the property. Title spells out ownership of the property and can be confusing in terms of past owners or rights of access. The title to most properties will have some limitations such as easements (access rights) for utilities. Your agent and the title company assist you in resolving any issues that might cause problems at a later date.
When selling your home, Realtors have up-to-date information on the market including price, financing, terms and condition of competing properties. This information is essential to selling your property at the maximum price quickly with minimum stress. This is why it is important to have a local Realtor. They know the ins and outs of each neighborhood, its schools, its access to services, and much more.
Realtors can recommend repairs or cosmetic enhancements to intensify the desirability of your home. Once your house is at its best, we market your property to other real estate agents and the public. In many cases, real estate sales are cooperative sales. This means a real estate agent other than yours brings in the buyer. We act as the marketing coordinator, disbursing information to other real estate agents through a Multiple Listing Service (in our case RE Infolink). A local agent can promote your property to local agents who attend the weekly marketing meetings and house tours. Our goal is to get your house sold.
The National Association of Realtors (NAR) studies show about 80% of real estate sales are the result of agent contacts through previous clients, referrals, friends, family and personal contacts. When a property is marketed with the help of your local agent, you do not have to worry about who’s coming into your home. We prescreen and accompany qualified potential buyers.
We will show you how to objectively evaluate every buyer’s offer. The initial agreement is only the beginning of a process of appraisals, inspections and financing. We write a legally binding, win-win agreement to ensure a good outcome.
In the stressing time between the initial sales agreement and closing of a transaction many challenges can arise. For example, unexpected repairs are required to obtain financing or a cloud in the title is discovered. The required paperwork alone is overwhelming for most sellers. We are trained to resolve these issues and move the transaction along, keeping your interests at heart, protecting your financial and legal flanks.
Whoa, doggies! If it were easy, everyone would do it themselves and that would be that. In our highly regulated and litigious environment you need a Realtor to keep you afloat on a sea of tranquility and avoid swimming with the sharks.
Have a great day; it’s a good life. Be kind to your Realtor.
