Why you should use a Realtor to buy or sell
When it comes to buying or selling
a home, most of us have probably asked ourselves: Should I use a
Realtor, or can I do it myself? The thought that you might
be saving some money on one of the biggest business transactions
most of us will ever make, can be very appealing.
Reasoning that you can pocket
the real estate commission, or get a bargain on that
For Sale by Owner property, often results in false savings.
Selling or buying a home is a very complex procedure involving large
sums of money, stringent legal requirements, with the potential
for making some very costly mistakes. Realtors have the qualifications
and experience to help you make a successful purchase or sale in
a relatively fast and painless manner.
The do-it-yourselfer seller or buyer
will also have to factor in the considerable amount of time and
expense required to market or pre-view properties, respond to or
make calls and fill-out paperwork. Buying or selling a home
on your own makes no more sense than trying to build a new one from
scratch without the knowledge, training, experience and time needed
to do the work properly.
Once you decide that using a Realtor
is the way to go, it pays to shop around for this individual.
By Realtor, we mean a licensed real estate professional who is a
member of a local real estate board. When you work with a
Realtor, you can expect strict adherence to regional laws and to
a national code of ethics.
- A Realtor is an expert in effective
advertising and will cover all the costs as part of their service
- Your home will receive far-reaching
market exposure through the Multiple Listing Service (MLS).
- You can depend on their support
every step of the way.
- A Realtor will provide you with
a full explanation of the selling process and what to expect from
- A selling price will be established
in consultation with you that will appeal to buyers interested
in your type of home and neighbourhood.
- A Realtor will assess your home
and provide you with tips on how to highlight its best features
and make it more appealing.
- A marketing plan for your home will
be developed to help it sell quickly at or near the asking price.
In addition to MLS listing and advertising in newspapers and other
media, most plans will include a number of open houses.
- A Realtor will save you time by
separating the lookers from the buyers and ensuring that only
serious buyers visit your home.
- When an offer is received, a Realtor
will use their knowledge and experience to negotiate an agreement
on your behalf and according to your instructions.
- If you accept an offer, the Realtor
will participate in drawing up a legally-binding contract that
protects your interests, ensures any conditions to a binding agreement
are fulfilled, and that all your questions and concerns are dealt
with to your complete satisfaction.
- Realtor has the knowledge, experience
and resources to find properties in your price range and homes
that match your individual needs.
- You can get information on schools,
transportation and other services in different neighbourhoods
and access the MLS service which provides up-to-date details on
a wide variety of properties in the markets youre exploring.
- Realtor can help you understand
property financing, taxes, insurance and the steps youll
have to take to complete a real estate transaction.
- You can save substantial time by
allowing the Realtor to preview properties that fit
your budget and expectations. This way, you may only have
to visit a handful of homes to make a wise and informed selection.
- Realtor will explain the various
financing alternatives available and provide-up-to-date information
on interest rates and mortgage options.
- They will act as a mediator to off-set
potential conflicts between you and a seller.
- Realtor will draw up an offer to
purchase and assist with all details required to make a successful
transaction, including when to bring in other professionals (lawyer,
lender, home inspector, insurance broker and others).
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