WHY USE A REALTOR®

Dated: 07/22/2014

Views: 244

Real estate is a big deal. For most Americans, a home is the most expensive purchase they’ll make in their lifetime. It’s a serious transaction with significant financial and emotional ramifications for the parties involved, and having proper representation is critical.Why Use a Realtor 6 Important Reasons photo

Today’s buyers and sellers agree. 
In 2013, a full 89 percent of buyers used a real estate agent, and so did 88 percent of sellers.1
Realtor® representation during a real estate transaction is important for both buyers and sellers. Here are six of the chief reasons:

Fiduciary responsibility. When you work with a Realtor®, their fiduciary responsibility is to you. That means you have an expert who is looking out for your best financial interests, an expert who’s contractually bound to do everything in their power to protect you. That’s big — the value of that commitment cannot be overstated. “For more than 100 years, Realtors® have subscribed to the NAR’s strict Code of Ethics as a condition of membership,” says National Association of Realtors® President Gary Thomas. “Realtors® have the expertise and experience to help sellers protect their investment and help buyers build theirs.”
Complex, ever-changing real estate regulations. Buying or selling a home is not like purchasing a plane ticket. Every home is different, and laws change every year and vary from state to state. Generally speaking, people purchase a new home every 7-10 years, and a lot can — and usually does — change between transactions. Realtors® are immersed in real estate, and they must stay current with all the updates in regulations, laws, contracts and practices. Once you retain your Realtor®, they put that knowledge to work for you.
Help finding the right home, beyond square footage and baths. Browsing online is a terrific way to start a home search — in fact, almost 90 percent of people start their home search online.1 But when it’s time to buy, knowing all the pros and cons of a property can help you make the right decision. Realtors® live and breathe real estate, and they can share information about a home that you wouldn’t otherwise know. For example, they can tell you about the perils of polybutylene piping (a plumbing material that’s prone to bursting), or the concerns with FRT plywood (a roofing material that can spontaneously combust in higher temperatures, like those in attics). Your Realtor® can go beyond the aesthetics and tell you important details about homes you’re considering.
Pricing and selling a home. There are lots of sites where you can view price estimates for your home before you list it for sale, but you take a risk using them. In some markets, online estimates can be off by as much as 35 percent, and they often rely on tax records and data that can be as old as 6-12 months. Realtors® know the local market, have access to the freshest sale data, and can price your house in line with the market to maximize your earnings. In 2012, sellers using an agent got $40,100 more: The median sale price for the 88 percent of sellers who worked with an agent was $215,000, versus a median sale price of $174,900 for the 9 percent of sellers who didn’t use an agent.1

Contracts and negotiations.
 Finding the right home is the fun part. Then the real work begins.: Today’s contracts can be 50 pages long — not counting addendums and riders. Realtors® can help you navigate these complex documents and craft an attractive offer that makes sense for you. Plus, when it comes to negotiation, your Realtor® is youradvocate and can bring an objective voice to a very subjective situation.
Following a code of ethics. When you work with a Realtor®, you’re partnering with a professional who operates according to a strict code of ethics. In place for over 100 years, the Realtor® Code of Ethics ensures that consumers who work with a Realtor® are treated professionally and ethically in all transaction-related matters.


FROM REALTOR.COM
Call Nikki now to set up a listing consultation with a market plan tailored specifically to  YOUR property, not everyone else's.  703.615.2663

Want to Advertise on this Site?

Latest Blog Posts

Important Information About Home Appreciation

Home Price Appreciation Forecast Questions continue to come up about where home prices will head throughout the rest of this year, as well as where they may be going over the few years.

Read More

Upgrade Your Home Now

Now’s the Time to Move-Up and Upgrade Your Current Home! Homes priced at the top 25% of the price range for a particular area of the country are considered “premium homes.” In today’s

Read More

Home Inspection Is Important

Know What to Expect at Your Home Inspection So you made an offer and it was accepted. Now, your next task is to have the home inspected prior to closing. Agents oftentimes make your

Read More

Using A Real Estate Professional Makes All The Difference

Having a Professional on Your Side Makes All the Difference! In today’s fast-paced world where answers are a Google search away, there are some who may wonder what the benefits of

Read More