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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 imprudent to consider a deal in real estate without the professional assistance of a REALTOR®.
1. When selling your home, We 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.
2. We market your property to other real estate agents and the public. We 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.
3. Our team will know when, where and how to advertise your property. We market 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. The REALTOR® Code of Ethics requires us to utilize these cooperative relationships when they benefit their clients.
4. We 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. We can help you write a legally binding, win- win agreement that will be more likely to make it through the process.
5. We can close the sale of your home. Between the initial sales agreement and closing (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. Our team is the best to objectively help you resolve these issues and move the transaction to closing.
6. When buying a home, we can help you determine your buying power -- that is, you’re financial reserves plus your borrowing capacity. If you give us some basic information about your available savings, income and current debt, we can refer you to lenders best qualified to help you. Most lenders -- banks and mortgage companies -- offer limited choices.
7. We have many resources to assist you in your home
search. Sometimes the property you are seeking is available
but not actively advertised in the market, and it will take some investigation by your agent to find all available properties.
8. We can assist you in the selection process by providing objective information about each property. We have access to a variety of informational resources. Our team can provide local community information on utilities, zoning, schools, etc. There are two things you'll want to know. First, will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell?
9. We can help you negotiate. There are myriad negotiating factors, including but not limited to price, financing, terms, date of possession and often the inclusion or exclusion of repairs and furnishings or equipment. The purchase agreement should provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Our team can advise you as to which investigations and inspections are recommended or required.
10. We provide due diligence during the evaluation of the property. Depending on the area and property, this could include inspections for termites, dry rot, asbestos, faulty structure, roof condition, septic tank and well tests, just to name a few. We can assist you in finding qualified responsible professionals to do most of these investigations and provide you with written reports. You will also want to see a preliminary report on the title of the property. Title indicates ownership of property and can be mired in confusing status of past owners or rights of access. The title to most properties will have some limitations; for example, easements (access rights) for utilities. Our team, title company or attorney can help you resolve issues that might cause problems at a later date.
11. We can help you in understanding different financing options and identify qualified lenders.
12. We can guide you through the closing process and make sure everything flows together smoothly.
Courtesy of the NATIONAL ASSOCIATION OF REALTORS®