If listing and buying is on your mind, this is a good time to invest in the market. It is advisable to get an appraisal on your existing home to be sure you fit into the correct market for resale. Bill offers free home evaluations and once listed takes over the preparation and staging of your home to get you the best price possible. Buying or Selling a home is one of the biggest decisions you will make in your lifetime. Be sure to have a well seasoned professional on your side who knows the market and its dealings.
In todays tough housing market, some homeowners try to bypass an experienced Real Estate Representative to save money. The fall out however, is, in the end it may end up costing you more than if you had hired a professional Realtor; who is experienced and licensed to deal with the legal issues that may crop up. The following are five reasons to enlist a professional Realtor:
1. Better access/more convenience
A Realtor's full-time job is to act as a liaison between buyers and sellers. This means that he or she will have easy access to all other properties listed by other agencies and will know what needs to be done to get a deal together.
2. Similarly, if you are looking to sell your home yourself, you will have to solicit calls from interested parties, answer questions and make appointments. Keep in mind that potential buyers are likely to move on if you tend to be busy or don't respond quickly enough. Alternatively, you may find yourself making an appointment and rushing home, only to find that no one shows up.
3. Negotiating is tricky business:
Many people think that negotiation between buyers and sellers is more transparent, but your Realtor can convey your concerns to the buyer's representative and be in a better position to negotiate the best price on your behalf without ruffling the buyer's feathers. A Realtor can also play the “bad guy” in a transaction, preventing the bad blood between a buyer and seller that can kill a deal.
4. Contracts can be hard to handle:
An experienced Realtor deals with the same contracts and conditions on a regular basis and is familiar with which conditions should be used, when they can be removed safely, and how to use the contract to protect you, whether you're buying or selling your home. (if you plan to buy a home with a mortgage but you fail to make financing one of the conditions of the sale — and you aren't approved for the mortgage — you can lose your deposit on the home and could even be sued by the seller for failing to fulfill your end of the contract.)
5. Real-estate Representatives can't lie:
If you are working with a licensed Realtor under an Agency agreement, such as a conventional, full-service commission agreement in which the agent agrees to represent you, your Realtor will be bound by law to a fiduciary relationship. In other words, the Realtor and Agency is bound by law to act in the clients' best interest, not his own.
6. Closing the deal and closing costs:
Realtor's have more experience and skill in presenting, negotiating and closing real estate deals. A homeowner usually doesn’t. There are hidden pitfalls homeowners are not aware of. One of them is post sales legal issues, which is a definite problem and can end up costing you more than the commission paid to a professional.