Why use a Realtor?
Why hire a professional real estate agent to help sell your property? Do you
have the time., Experience, sources of information, and contacts to do the job
yourself? Would it go as smooth as it could? Would it give you more personal time?
Would you obtain a higher price? Here are just a few areas in which a professional
real estate agent earns his or her commission:
Pricing Considerations
- A professional's insight in determining a pricing strategy for your property
can keep you from missing an opportunity by undervaluing or wasting time by overpricing.
Experience evaluating competing properties and market trends is a first ingredient
for the best transaction experience.
Marketing Experience
- Preparation. Your agent is skilled in recommended repairs or cosmetic work that
have proven to minimize time on market and maximize both prospect interest and
sales price.
- Exposure to the public. Your agent will know best how to use flyers, open house
days, and especially mailing to and meetings with ex-clients and others qualified
buyers. The National Association of REALTORS® studies show that 82% of real estate
sales are not the result of advertising, but of agent contacts through previous
clients, referrals, friends and family, and personal contacts, including...
- Exposure to other industry professionals. Your agent will utilize a Multiple
Listing Service or other cooperative marketing networks. Once your property is
listed, it is statistically likely the buyer will be the client of another agent
associated with yours.
- Advertising: media and frequency. It takes experience to know what works in advertising.
Ads generate phone calls to the real estate office but statistically have minimum
effectiveness selling a specific property. Overexposure of a property in any media
may give a buyer the impression the property is distressed or the seller desperate.
Security
- Working with a real estate agent ensures showings will be supervised. You can
instruct unchaperoned buyers to call your agent for an appointment so they can
be prescreened, you will be safe, and you can do your final polish before the
showing.
Negotiating
- Middleperson. Most buyers prefer to negotiate with someone they perceive as unbiased,
not emotional, and professionally trained. They are more likely to express objections
to agents with the hope of resolution, when they otherwise might move on to another
property rather than talking to you directly.
- Objectivity. Evaluate proposals privately without compromising your marketing
position.
Monitoring, Renegotiating and Closing or Settling
- Overwhelming volume of steps. The process of appraisals, inspections, and financing
involves a lot of possible pitfalls. There are many required legal forms and processes.
- Experience reading and following escrow instructions. Instructions must be clear
and complete. Your agent is the best person to objectively help you communicate
these issues and move the transaction to closing (or settlement).
- Inspectors and other professionals. Your agent can meet specialists and negotiate
regards repairs needed to complete your contract. Industry contacts provide resources
for work persons in many areas with knowledge as to their historical skills and
reliability.
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