8 Reasons to Work With a REALTOR
If you’re thinking about buying or selling a home, you’ve probably considered doing it yourself. Why get a REALTOR® involved, right? After all, you’ve probably already bought or sold a house before. Like most people, you think that doing it yourself would probably save a few bucks.
Maybe yes, maybe not… I’m all for self-reliance, but some things are just better left to the professionals. I could do my own taxes, but I may miss something really important that could either cost me more money or land me in jail. I hire a professional for this. Also, I know how cars work and could probably buy a book and do my own repairs, but cars have gotten really complicated over the years. I rely on skilled professionals to take care of my repairs. I don’t mind paying someone to do it correctly – I know it will save me time and money over the long run.
With that in mind, here are eight reasons why you should work with a REALTOR®:
- Buying and selling a home typically requires disclosure forms, inspection reports, mortgage documents, insurance policies, deeds, and multipage settlement statements. Some of these are required by law when transferring property. A knowledgeable expert will help you navigate a complicated process.
- REALTORS® can provide local community information on zoning, municipal requirements, utilities, and more. A professional will be able to help you answer important questions like “Will this property provide the environment I want for a home or investment?” or “Will the property have resale value when I’m ready to sell?” A REALTOR® will be able to provide information and opinions.
- Sometimes the property you are seeking is available but not actively advertised in the market. A REALTOR® will be able to search the Multiple Listing Service to find the best property for your needs.
- There are many negotiating factors in a transaction such as price, terms, date of possession, financing, repairs, inclusions, etc. A REALTOR® can provide experienced negotiating skills and advise on recommended and required investigations and inspections.
- Real estate doesn’t sell on advertising alone. In fact, a large share of real estate sales come as a result of a REALTOR®’s contact with previous clients, referrals, friends and family. When a property is marketed with the help of a REALTOR®, you don’t have to allow strangers in your home. Your REALTOR® will generally prescreen and accompany qualified prospects through your property.
- If you don’t know a CMA from a PUD, you can understand why it’s important to work with someone immersed in the industry and knows the real estate language.
- Most people only buy and sell a few homes in a lifetime, usually with quite a few years between each purchase. Even if you’ve done it before, laws and regulations change. REALTORS®, on the other hand, handle hundreds of real estate transactions over the course of their career. Having an experienced expert on your side is critical.
- Buying a home can be an emotional undertaking. For most people, a home is the biggest purchase they will ever make. Having a concerned, but objective, third party helps you stay focused on both the emotional and financial issues most important to you.
Finally, not all real estate agents are REALTORS®. The term REALTOR® is a registered trademark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict code of ethics.