First are you using a realtor?
Why Use a REALTORÂ®? http://www.realtor.com/basics/allabout/realtors/why.asp?poe=realtor
All real estate licensees are not the same. Only real estate licensees who are members of the NATIONAL ASSOCIATION OF REALTORSÂ® are properly called REALTORSÂ®. They proudly display the REALTOR "Â®" logo on the business card or other marketing and sales literature. REALTORSÂ® are committed to treat all parties to a transaction honestly. REALTORSÂ® 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 reports that 84% of home buyers would use the same REALTORÂ® again.
Real estate transactions involve one of the biggest financial investments most people experience in their lifetime. Transactions today usually exceed $100,000. If you had a $100,000 income tax problem, would you attempt to deal with it without the help of a CPA? If you had a $100,000 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 foolish to consider a deal in real estate without the professional assistance of a REALTORÂ®.
But if you're still not convinced of the value of a REALTORÂ®, here are a dozen more reasons to use one:
8. When selling your home, your REALTORÂ® can give you up-to-date information on what is happening in the marketplace and 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.
9. Your REALTORÂ® markets your property to other real estate agents and the public. Often, your REALTORÂ® can recommend repairs or cosmetic work that will significantly enhance the salability of your property. Your REALTORÂ® markets your property to other real estate agents and the public. In many markets across the country, over 50% of real estate sales are cooperative sales; that is, a real estate agent other than yours brings in the buyer. Your REALTORÂ® acts as the marketing coordinator, disbursing information about your property to other real estate agents through a Multiple Listing Service or other cooperative marketing networks, open houses for agents, etc. The REALTORÂ® Code of Ethics requires REALTORSÂ® to utilize these cooperative relationships when they benefit their clients.
10. Your REALTORÂ® will know when, where and how to advertise your property. There is a misconception that advertising sells real estate. The NATIONAL ASSOCIATION OF REALTORSÂ® 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 REALTORÂ®, you do not have to allow strangers into your home. Your REALTORÂ® will generally prescreen and accompany qualified prospects through your property.
11. Your REALTORÂ® 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 -- a lot of possible pitfalls. Your REALTORÂ® can help you write a legally binding, win-win agreement that will be more likely to make it through the process.
12. Your REALTORÂ® can help close the sale of your home. Between the initial sales agreement and closing (or settlement), questions may 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. Your REALTORÂ® is the best person to objectively help you resolve these issues and move the transaction to closing (or settlement).