That's a very interesting question and perspective to discuss:
For starters, some of my best and easiest clients to work with are the ones who are highly educated in the Real Estate process. If my clients and I are on the same page, it makes for an effective partnership as we work together in trying to accomplish the same goal.
A "good" Realtor should be able to provide you with the following benefits at NO COST to you:
(Remember -- commission compensation usually comes from the listing side of the sale)
1. Accurate and up-to-date Market Knowledge
(A Realtor who knows their market, should be able to identify trends in pricing, inventory and supply/demand -- All of which are important in helping you make fair and competitive offers)
2. Unlimited Research Capabilities --- Timing is everything
(The technologies available to Realtors nowadays has almost become public knowledge especially to those who are astute and savvy with the internet. The amount of information available to Realtors on any given piece of property is limitless and the speed by which this information becomes available can be almost instantaneous. If you are computer savvy, you may not exactly benefit from working with someone who is not, but if you find a Realtor who understands and embraces the power of technology, it will only compliment and exponentially help make your search faster and more effective)
3. Someone who Cares
(If you only approach your Real Estate search with the idea of contacting the listing agent directly in hopes of gaining some perceived "leverage" in the ability to negotiate a better deal, you may find yourself lacking the support from someone who actually has your best interests in mind)
(Real Estate transactions -as you already know- have many layers, components, and moving parts that all must be managed effectively in order to prevent something from going wrong that can derail the whole process. Having good relationships with competent professionals -i.e. Realtor, lender, title agent, insurance agent, property inspector, etc- can be very instrumental in helping things move forward smoothly with any transaction)
These are just a few points to consider as everyone's level of dependency varies on their own personal knowledge and experiences with their own Real Estate transactions.
Is it possible to conduct your business without the help of a Realtor? -- Yes
Can working with somebody inexperienced hurt your chances of succeeding? -- That's true in any profession
"Why would someone like me need (benefit from) a realtor to purchase my next home?"
--- Hopefully I provided some points to answer your question.
Good Luck and thanks for the topic.
The Keyes Company
The commission agreement is between the seller and the listing agency. The seller has agreed to pay X% to the listing agency to market their property and find a buyer. Whether there is a buyer's agent, or not, is often irrelevant.
So, yes... typically the listing agent gets more commission.... more
Okay, so a bit about what a realtor does:
1) develop a marketing plan, including the right price strategy for you.
2) screen potential buyers
3) show the property
4) prepare and evaluate the contract
5) strategically negotiate.
Yes, you can absolutely do every one of these things yourself. However, you'll probably end up spending money on a lawyer, advertising, etc. Most for sale by owners don't get their properties listed in the MLS, but that's also possible - for a price. And you'll almost certainly end up with fewer "eyes" on your property. Most buyers are researching on the internet, and your listing will not appear as high on the list as those from one of the major brokerages - they've simply got the power to buy "eyes".... more
I think the best answer here depends on how you feel about renting. If you are comfortable with renting for another year from this June (when your lease is up), then this might be your best bet. Personally, I don't see real estate coming back to normal levels any time in the next year. When your new lease is up in June of 2009, this might be the ideal time to jump into the market and buy. This means you need to be looking for your home 60-90 days before you want to close.
561-716-4060 c.... more
I'm hearing all kinds of different stories from my mortgage broker sources. One is that banks are requiring much larger down payments. I just closed a home last week and the buyer had to come up with over $250K on a $455K purchase, even though he had a 20+ year relationship with the bank.
Here are some rates from our hotsheet today:
Friday's Market Update
Following are mortgage program and rate options to give you an idea on what is available for fixed rates WITHOUT POINTS. All rates are based on strong credit and loan amounts of $417,000 or under. These are NOT teaser rates!
40 Year Fixed Rate: Low to Mid 7%'s
30 Year Fixed Rate: Mid 6%'s
15 Year Fixed Rate: Low 6%'s
3/1 Adjustable Rate: High 5% to Low 6%s
5/1 Adjustable Rate: Low 6%s
Rates are subject to change due to unforeseen market conditions and borrower's credit profile. Purchase rates may be lower than refinances. Interest rates based on a 30 day rate lock.
Depends on the type of listing agreement. They may strictly be a seller's agent, or they may be a transaction broker.
Transaction brokers only facilitate the transaction and do not represent any particular party's interest except those of the transaction itself.... more
Could it be the "calm before the storm?" If the east coast is anything like the west coast, there has been a recent buying frenzie that has consumed much of the excess inventory. We are now hearing the term "sellers's market" which is usually an indication that seller's can be a bit more selective with their offers and leff of an urgency to negotiate rediculous offers. Coupled to this is that inventory levels are reaching the lowest point in many years....thus, less to choose from.
Most 55+ communities have a certain percentage of buyers that can be below the 55 age limit. At the locations that I have sold homes in (PA), that percentage was 20% of buyers. Each community can be different so ask when inquiring about the home. 55+ communities are popular with municipal planners because when a 55+ community is approved for building, the local school district does not have to worry about additional children attending the schools.... more
You have to speak with your agent instead of asking everyone questions online. None of us knows all the details.
All a BPO is the bank sending another agent out to take pictures & run comparables for $40-50. When a short sale is initiated the BANK orders the BPO to ensure the offer is based on what the property is worth compared to others home with similar features & condition. Your lender can accept whatever dollar amount they want for the property.... more
Listing your Boca Raton home for sale is a big decision. But one you’ve made it, this is the sobering fact you need to keep in mind: within 30-45 days after the right buyers come in and meet your asking
Dog and cat lovers constantly ask me where they can find pet friendly condos and neighborhoods in Boca Raton. It seems like an easy question. After all, who can resist a happy puppy? Well, it turns out
Rialto is a beautiful community and the clubhouse with waterpark is a hit with kids.
Yes, the Stockton is one of their more expensive homes. The price you see closed may be a home with fewer options and also less expensive lot. Also remember they take 6-8 months to build so the previous sale was in contract a long time ago.
We work very closely with All of the developers in Jupiter and offer a 1% cash back at closing credit on the base home price which can save you thousands for use on upgrades or closing costs.
Please contact me before you meet with the sales center to get the credit on a purchase.... more
The winter season is notorious for being slow in the real estate market … but is it, really? It’s actually a great time to sell your Boca Raton home and to benefit from the edge you get from listing
The community is located just west of 441 and north of Yamato Road in West Boca, is made up of 653 homes wrapped around 57 acres of 14 beautiful lakes, it is divided into 10 subdivisions, nine of which
Have you seen Prudential Florida Realty, oh that’s right; Prudential Florida Realty is now Berkshire Hathaway Florida Realty. Berkshire Hathaway Home Services is a brand-new real estate brokerage network
Your dog sounds lusciously adorable and sweet! It would be of help in searching appropriate properties for you to know the weight of your dog. That is the standard by which condo associations go by. Also, it is necessary to research whether the owner of the condo will permit a pet to be in occupancy.
Please let me know if I can be of further assistance.... more