You'll have an expert to guide you through the process.
Buying or selling a home usually requires disclosure forms, inspection
reports, mortgage documents, insurance policies, deeds, and multi-page
settlement statements. A knowledgeable expert will help you prepare the
best deal, and avoid delays or costly mistakes.
Get objective information and opinions. REALTORS®
can provide local community information on utilities, zoning, schools,
and more. They'll also be able to provide objective information about
each property. A professional will be able to help you answer these two
important questions: 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?
Find the best property out there. Sometimes the
property you are seeking is available but not actively advertised in the
market, and it will take some investigation by your REALTOR® to find
all available properties.
Benefit from their negotiating experience. There
are many negotiating factors, including but not limited to price,
financing, terms, date of possession, and inclusion or exclusion of
repairs, furnishings, or equipment. In addition, 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. Your agent can advise you as to which
investigations and inspections are recommended or required.
Property marketing power. Real estate doesn't sell
due to advertising alone. In fact, a large share of real estate sales
comes as the result of a practitioner's contacts through previous
clients, referrals, friends, and family. When a property is marketed
with the help of a REALTOR®, you do not have to allow strangers into
your home. Your REALTOR® will generally prescreen and accompany
qualified prospects through your property.
Real estate has its own language. If you don't know
a CMA from a PUD, you can understand why it's important to work with a
professional who is immersed in the industry and knows the real estate
REALTORS® haven't just done it before they do it every day.
Most people buy and sell only a few homes in a lifetime, usually with
quite a few years in between each purchase. And 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 expert on your side is critical.
Buying and selling is emotional. A home often
symbolizes family, rest, and security — it's not just four walls and a
roof. Because of this, home buying and selling can be an emotional
undertaking. And for most people, a home is the biggest purchase they'll
ever make. Having a concerned, but objective, third party helps you
stay focused on both the emotional and financial issues most important
Ethical treatment. Every member of the NATIONAL
ASSOCIATION of REALTORS® makes a commitment to adhere to a strict Code
of Ethics, which is based on professionalism and protection of the
public. As a customer of a REALTOR®, you can expect honest and ethical
treatment in all transaction- related matters. It is mandatory for
REALTORS® to take the Code of Ethics orientation and they are also
required to complete a refresher course every four years.