The Value of a Realtor
Not all real estate agents are realtors. Technically, only members of the National Association of Realtors can be called realtors. Realtors are dedicated to treating all parties to a transaction honestly, subscribing to a stringent
Code of Ethics.
Real estate transactions today involve some of the largest financial investments you’ll likely experience in your lifetime. If you consider the small upside cost and the large downside risk of hiring a realtor®, it makes a lot of sense to get help from one when you’re ready to buy a house or sell a house.
Here are some important reasons outlining the value of hiring a realtor:
A Realtor Can Determine Your Buying Power
By giving a realtor some basic information about your current savings, income, and debt load, he or she can help you determine what your buying power is and refer you to the lenders who are best qualified to help you secure a loan.A Realtor Offers Several Home Search Resources
Your realtor can help investigate the market and uncover properties that are not actively advertised in the marketplace, but which might be the best fit for your needs.A Realtor Can Assist with the Selection Process
Realtors have exclusive access to a variety of informational resources, which means they can provide perspective on local community information like utilities, zoning, schools, and more. This will shed light on whether the homes for sale are in the environment you want for a home or investment.A Realtor Can Negotiate
Negotiating depends on price, financing, terms, date of possession, and much more. A purchase agreement should outline the period of time for you to complete appropriate inspections and investigations of the house for sale before you are bound to complete the purchase, and your agent can help you get favorable terms.A Realtor Provides Due Diligence
Your realtor can help find qualified responsible professionals to investigate a house and secure a preliminary report on the property title of the property.A Realtor Can Explain Various Financing Options and Identify Qualified Lenders.
This can be a time-consuming and stressful part of the home buying process, but a realtor can make it easy.A Realtor Can Guide You Through The Process of Closing a Transaction.
Because realtors have experience with many home closings, they can help you calculate closing costs and other expenses you might not have considered.To Help Sell A House, Your Realtor Can Provide Up-To-Date Information on the Marketplace.
Nobody understands the housing market better than realtor. Why guess when a realtor has the expertise and information you need?A Realtor Leverages a Network of Other Agents and the Public
In a number of markets, more than half of all real estate sales are cooperative sales where another real estate agent brings in the buyer. In these cases, your realtor is like a marketing coordinator who disburses information about your home to other agents through the MLS Listing Service, open houses, and more.A Realtor Knows How to Advertise Your Property
Studies from the National Association of Realtors conclude that 82% of real estate sales come as a result of agent contacts. In other words, your realtor is an instrumental part of getting your home’s listing out there, and they also prescreen and accompany qualified prospects through your home.A Realtor Can Help Evaluate Every Buyer's Proposal
The initial purchase agreement is just the beginning of a process that includes appraisals, inspections, financing, and plenty of other potential pitfalls. Your realtor can make it easier to write a legally binding, win-win agreement that’s more likely to make it through the process.
