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Using
a REALTOR® to Sell Your Home
The
Importance of Involving a Professional
A real
estate agent can help you understand everything you need
to know about the home selling process.
Not
all real estate licensees are the same; only those who
are members of the NATIONAL ASSOCIATION OF REALTORS®
(NAR) are properly called REALTORS®. They proudly
display the REALTOR® trademark on their business cards
and other marketing and sales literature.
REALTORS® are committed to treat all parties to a
transaction honestly. REALTORS® subscribe to a
strict Code of Ethics and are expected to maintain a
higher level of knowledge of the process of buying and
selling real estate. An independent survey
reported that 84% of home buyers would use the same
REALTOR® again.
Real estate transactions are one of the biggest
financial dealings of most people’s lifetime.
Transactions today usually exceed $250,000. If you had a
$250,000 income tax problem, would you attempt to deal
with it without the help of a certified professional
accountant? If you had a $250,000 legal question, would
you deal with it without the help of an attorney?
Considering the small upside cost and the large downside
risk, it would be wise to work with a professional
REALTOR® when you are selling a home.
If you're still not convinced of the value of a REALTOR®,
here are more reasons to use one:
- When
selling your home, your REALTOR® can give you
up-to-date information on what is happening in the
marketplace as well as the price, financing, terms
and condition of competing properties. These
are key factors in getting your property sold at the
best price, quickly and with minimum hassle.
- Often,
your REALTOR® can recommend repairs or cosmetic
work that will significantly enhance the salability
of your property.
- Your
REALTOR® markets your property to other real estate
agents and the public. In
many markets across the country, over half of real
estate sales are cooperative sales; that is, a real
estate agent other than yours brings in the buyer.
Your REALTOR® acts as the marketing coordinator,
distributing information about your property to
other real estate agents through a Multiple Listing
Service (MLS) or other cooperative marketing
networks, open houses for agents, etc. The REALTOR®
Code of Ethics requires REALTORS® to utilize these
cooperative relationships when they benefit their
clients.
- Your
REALTOR® will know when, where and how to advertise
your property. There
is a misconception that advertising sells real
estate. NAR studies show that 82% 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 REALTOR®, you do not have to allow
strangers into your home. Your REALTOR® will
generally prescreen and accompany qualified
prospects through your property.
- Your
REALTOR® can help you objectively evaluate every
buyer's proposal without compromising your marketing
position. This
initial agreement is only the beginning of a process
of appraisals, inspections and financing – and a
lot of possible pitfalls. Your REALTOR® can help
you write a legally binding, win-win agreement that
will be more likely to make it through the process.
- Your
REALTOR® can help close the sale of your home.
Issues
may arise between the initial sales agreement and
closing (also called settlement or escrow), for
example, unexpected repairs might be required to
obtain financing or a title problem is discovered.
The required paperwork alone is overwhelming for
most sellers. Your REALTOR® is the best person to
objectively help you resolve these issues and move
the transaction to closing.
Sharon
Puetz
is proud to be a REALTOR®. If you would like more
information on how a REALTOR® can help you sell your
home, contact
Sharon today.
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