When you use a Realtor, and all the responsible parties do their jobs excellently, you will know that the sales price you receive on your property represented the best the market could deliver at the time.
All parties need to do their respective jobs excellently. The responsibility of advertising and marketing may fall to either the individual agent or the brokerage firm for which the agent works. The agent must fulfill all his/her duties of promotion, marketing, pricing advice, negotiations, and problem solving. The seller is responsible for keeping the property tidy, show ready, and easily accessible. The seller ultimately determines the price. Some sellers heed the advice their agents provide; others do no.
If you sell you property yourself, without broad market exposure, you will never know if the contract price was the best price and terms the market could produce. If your property is presented to a limited pool of buyers, you limit your potential price and/or terms.
If you sell your property yourself, you personally assume a higher risk and liability. I see many, very many, fair housing and real estate code violations by unrepresented sellers.
Properties that are sold without a Realtor have a greater chance of not closing. Absent a mediator, the differences of opinion that so often surfaces throughout a transaction escalate.
Hire a great Realtor to get the highest price/best terms for your property, limit your liability, limit your stress, and increase the likelihood that a contract will make it to closing.
Not all agents are Realtors. Not all Realtors are created equal. Interview 3 qualified Realtors and choose the best.
Deborah Madey - Broker
Peninsula Realty Group
A REALTOR is a highly skilled and knowledgeable professional whose goal is to take the challenging world of real estate and make it as simple and seamless as possible to the people we serveâ€¦our clients.
First and foremost, REALTORS are constantly improving their expertise through continuing education, broker supported workshops and forums, learning new, cutting edge technologies pertinent to real estate, and other training opportunities that are available. It is vital that we bring the highest level of expertise to the table so that we are able to get the job done right for our clients.
Equally important, is our need to bring integrity to the real estate process. We are licensed by the state that we work in and are held to the highest of ethical standards by our governing body.
When selling your home, it is the REALTORSâ€™ responsibility to cause your home to sell. Some of the ways we will accomplish this are:
â€¢ Aggressively advertising and professionally marketing your home.
â€¢ Showing you how to stage your home to accent its good points and minimize its more challenging areas.
â€¢ Marketing through multiple websites and various local media sources.
â€¢ Marketing by word of mouth to past and present clients.
â€¢ Promoting your property to other agents.
â€¢ Using technology to give your home a market presence 24 hours a day.
â€¢ Helping potential buyers obtain the financing needed to buy your home.
â€¢ Helping overcome buyer objections to your home.
â€¢ Helping negotiate the terms of the sale.
â€¢ Communicating with you on a regular basis.
When buying a home, it is the REALTORâ€™s responsibility to help you find the home that is best suited to your needs at a price that you are comfortable with. We will:
â€¢ Provide you with lists of homes based on the specific search criteria that you have given us.
â€¢ Make you aware of homes that may be available that do not appear on the multiple list system.
â€¢ Examine comparable homes in the area so that we can determine the value of the homes that you are interested in.
â€¢ Coordinate appointments with other REALTORS and show you the homes that you have expressed an interest in.
â€¢ Assist you with all the paperwork needed to buy a home.
Once a home is â€œsoldâ€, we will:
â€¢ Arrange for the preparation of all of the documents required for closing.
â€¢ Help arrange for various home inspections.
â€¢ Renegotiate details which may arise after inspections
â€¢ Coordinate with attorneys, lenders and the title companies to help ensure a seamless close.
Much like a doctor, lawyer, or any other professional, a REALTOR is your trusted advisor. In matters of real estate, that person may well be your trusted advisor for life.
Getting it done vs. getting it done right.
Round the clock availability
Coordinate paperwork, details, lawyers.
Tools and research to reach more prospects
3500 Agents cooperating
A Realtor's role is to cause your home to sell
Paul Howard, Broker
A Realtor is a licensed professional who works for their client. When you hire a realtor you are hiring someone who will work for you and with you to get your house sold. With access to current home sales and listings in your area, a real estate pofessional is going to advise you on the best price to market your home. In addittion showings for your home will be scheduled by the realtor who will also get you feedback from the potential buyer.
Once your home is listed in the MLS OVER 30,000 agents will have access to the information about your home. Additonally, your home will be advertised and marketed to attract the right buyers for you home. Remember that the cost of advertising is on the agent who stand to lose that money if the home does not sell. On the other hand, if you list the home yourself, the cost of advertitsing in on you.
Another advantage to hiring a realtor is that he or she has contacts such as mortgage reps, title companies, home inspectors etc. who may have potential buyers for your home. These are people that a home owner attempting to sell the house on their own might not have access to.
Dwight, you have your car fixed by a professional, you have your heath taken care of by a professional, you would most likely have a major plumbing or electrical job done by a professional. So why would you not want to hire a professionl to sell your home.
Please feel free to contact me directly if I can be of any further assisitance.
If all a REALTORÂ® did was Put a sign in your yard, Put you in the MLS and Pray a little you would not need a REALTORÂ® (the 3 Pâ€™s)
The fact is that today you do need a REALTORÂ® with an extreme marketing plan that covers all the bases so that your home gets EXPOSURE to every possible buyer. The more buyers that are exposed to your house the greater the potential to net the highest sale price.
How are you at negotiations? The average home seller is very poor, in fact I can often save 20 to 25% when I buy from an owner directly because I am a professional negotiator. Yes, I disclose that I am a Licensed REALTORÂ® but that does not mean I have to teach the owner the math skills or show him what his home is really worth. All I have to do is get him to agree to a price. Heck I even negotiate when I buy shoes at Sears. I love to negotiate.
How do you handle the proper types of contracts for sale? Do you know how to handle a contract for FHA purchase, Conventional Financing, what about VA?
How do you as in individual handle a contingent sale of the buyerâ€™s other house? What happens to yours while you wait for his to sell?
What disclosures are required by the State in which the property is located? The house might require certain federal disclosures as well.
Who does the Ernest Money (Binder Deposit, etc.) belong to while you are waiting to close?
Has the contract for sale that you use been approved for use in your state by the state supreme court? If not has it been drawn up by an attorney licensed in that state?
What kind of insurance do you carry in the event the buyer decides he was cheated and decides to sue? Iâ€™ll tell what itâ€™s not; itâ€™s not Health Insurance, itâ€™s not your Automobile Policy, Itâ€™s not your Homeowners Policy, itâ€™s not your title insurance and itâ€™s not that Million Dollar Umbrella your wife told you to get.
You donâ€™t have to use a REALTORÂ® but in this market only a fool would choose not to.
JD "Dan: Weisenburger, GRI
Vanguard Realty, Inc. GMAC Real Estate
Unless you work a lot and really have no time to deal with the sale of the property yourself, you are in a hurry to sell, or you're just lazy.... selling your home does not require a Realtor to do, and you can keep that commission.
I won't repeat all the previous excellent answers but just to add that the real estate market has changed dramatically in the past year to the point that sellers need us more than ever before. There is a reason that a large corporation like Foxton's failed, a real estate transaction is complicated, requires expertise and an incredible amount of time. Sellers in today's market need the "service" that a full service real estate company provides its clients.
We are now coming into our prime market season with low interest rates but also a ton of inventory. I would encourage you to list with a reputable real estate company and not waste this window of opportunity.
Best wishes to you,
Broker - Sales Associate
Weichert, Realtors - Moorestown
856 235-1950 x 140
609 680-8490 cell
Why wouldn't you use a Realtor to sell your house? If you're sick you would go to a doctor. If you need legal advice you would see an attorney. If you need to prepare taxes you would go to an accountant. If you want to design a house you would see an archetict. If you want to build a house you would use a builder, etc. Sometimes a person can't do it all. Using a realtor pays in more ways than you think. Best of Luck in whatever you do.