‘For Sale by Owner' may be the four most tempting words in the world to a homeowner who feels the need to earn every penny from the sale of his or her property. A ‘For Sale' sign, a classified advertisement, and a telephone seem to be the only tools necessary for you to get underway. Likewise, buyers may be tempted to think they can find the home of their dreams armed with a recent homes-for-sale magazine and a road map.  But rarely do these solo ventures yield the sweet success envisioned by the thrifty consumer.

Buyers and sellers are clearly better served when a real estate professional is engaged to assist in the sale or purchase of a property. In today's market there are dozens of reasons why a Realtor can give you an edge, beginning with the information and experience necessary to arrive at an appropriate asking price, to the knowledge of state laws and regulations for which both parties to the contract will be held liable.

Given that you as a home seller or buyer have agreed to use a professional to assist you in the transaction, what can you expect in the way of services? How do real estate agents earn their commission? A listing agent engaged to help you sell your home works with you in a number of capacities, including determining your asking price. It is the listing agent who researches the sale prices of similar homes in your area to show you what you might reasonably expect to garner from the sale of your property. The listing agent also will assist you in making your home presentable for sale, offering suggestions about how to best show the property and what, if any, improvements ought to be made before putting the property on the market. The listing agent will inform the seller about laws and regulations such as fair housing requirements, septic regulations and lead paint laws.  Any forms or disclosure documents required by law can be obtained through the listing agent. The listing agent will provide you with a yard sign, and advertising - at no extra cost to you.

It is the behind-the-scenes work of your listing agent, however, that may matter most in procuring a buyer for your property. The listing agent most likely will conduct an open house viewing of your home, not only for the public, but for other real estate agents who may know about a potential buyer for your home. Listing agents keep abreast of what other properties in your community are for sale, and how that might affect activity at your home, or the price of your home.

Your listing agent is your advocate during sale negotiations, presenting offers to you and counseling you about the qualifications of potential buyers. The listing agent works hard to bring only qualified buyers into your home, enhancing your ability to sell the property in the most time efficient manner possible. It's also the listing agent who will assist in coordinating deadlines and closing dates, making sure all documents are signed, sealed and delivered on time.

Let the Professional do their job, it'll make your life much more enjoyable.

 

10 Comments on Why use a Realtor? Here's why!

AUG
26
2008

Travis, make sure you're one of the ones that really work for your client. It was too good a few years ago and all you had to do was put a sign in the yard. Now you actually have to work for a living. Many are dropping out and so be it

www.bobsellssumter.com

10:56pm • #1
156,365 Points Localism Sponsor Outside Blog

Travis - good post.  If only fsbos understood better how using a Realtor can actually save them money.

11:14pm • #2
AUG
27
2008

Travis, well said!  Everyday, I am reminded, in some way, that the public does not understand what a Realtor does.  Most think we either put signs in yards or show houses.  There is no understanding about what goes on behind the scenes.  I am beginning to share the behind the sceneactivites with my clients.

Sharon Parisi
12:15am • #3
AUG
28
2008
323,619 Points 5 Featured Posts Outside Blog

Travis, well put together.

9:21pm • #4
AUG
29
2008
211,939 Points 2 Featured Posts Outside Blog

well said, and I am not just agreeing because i am a realtor. trust professional to do what they do, so you can do what you do,

12:06am • #5
AUG
30
2008
195,045 Points 29 Featured Posts Outside Blog

Especially in this volatile market, it is critical that a seller have EVERY advantage possible. A professional Realtor has the tools they need to read the market activity and recommend the right response. GREAT STUFF!! GBU!

10:26am • #6
SEP
01
2008

Travis: It is also good to use a professional because the know the LOCAL market. It is the local expertise in marketing, negotiating, and giving advice that is priceless.

G

2:41pm • #7
SEP
02
2008
126,765 Points 5 Featured Posts

Very well worded post - thanks for sharing.  I think, like most of the general public, that if someone is selling FSBO they are saving 6% and I expect their asking price to be lower than the competition.  Unless you have a rare gem that will cause a bidding war, in this market it pays to hire a great realtor!

10:38am • #8
SEP
03
2008
113,548 Points 7 Featured Posts Localism Sponsor

I read once the following but can't remember where I read it:  "Most people don't try to fix broken wiring or plumbing in their homes because they are not experts at it and will most likely miss something. If they don't miss anything, it will definitely take them much more time to complete the task than a seasoned professional.  Why then would you try to sell your house yourself if you aren't a realtor?"  This makes perfect sense to me. What you think you're saving by selling FSBO you are actually losing in the time it takes to handle all the tasks involved in selling a house.  Not only that, all the things that are put into selling (at least by the good realtors) - all the marketing that goes into it that agents often come out of pocket for, etc.  It just doesn't pay to go FSBO - especially in today's market.

~Renae

6:50am • #9
SEP
04
2008
2 Featured Posts

Great Post!  However I think it should be qualified with, "...use a good Realtor."  It took me about 2 and a half years before I found the agents who I work with and put their clients before the deal.

Other than that, any good professional will save you money.  I often have a running contest with a few agents to see if I can recoupe my inspection fee for the clients with legitimate repairs.  I do belive I am batting 1000. 

My wife and I have really enjoyed doing our taxes.  We spend at least 2 months acounting for every penny we can find.  The last few years we have just hired CPAs to just 'check our work,' and every single time they saved us quite a bit more than they charged.  I think the same is true for a good agent.

4:47pm • #10

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Travis Newton-Owner/Sr Mortgage Banker

Salem, OR

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