101 Reason You Need A Real Estate Professional To Sell Your Home

By
Real Estate Agent with Amanda Realty Group (Alexander Realty)

101 Reason You Need A Real Estate Professional To Sell Your Home  (Members Only) (edit/delete)

With more real estate resources available on the Internet, it may seem as if buying and selling a home is an easy task. These 101 reasons will show you the extent of knowledge and experience that an agent provides to help you through a real estate transaction. This list reflects actions, procedures and processes that a real estate agent may typically perform during a residential real estate transaction - and are all things that you could avoid doing yourself.

Typical Pre-Listing Activities

 

  • 1. Research Current Properties
  • 2. Research Sales Activity from MLS and public records databases
  • 3. Provide Average Days on Market Assessment
  • 4. Review Property Tax Roll
  • 5. Prepare a Comparable Market Analysis (CMA)
  • 6. Verify Ownership and Deed Type
  • 7. Verify County Public Property Records
  • 8. Perform Curb Appeal Assessment
  • 9. Provide Public School Value
  • 10. Provide a Listing Presentation
  • 11. Analyze Current Market Conditions
  • 12. Present Credentials
  • 13. Deliver CMA Results
  • 14. Discuss Planning and Strategy
  • 15. Explain Listing Contract, Disclosures & Addendum
  • 16. Screen Calls from Buyers or Agents
  • 17. Explain Homeowner Warranty

 

Selling the Property Activities

 

  • 18. Review Title Details
  • 19. Order Plat Map
  • 20. Create Showing Instructions
  • 21. Obtain Mortgage Loan Information
  • 22. Review Homeowner Association Fees and Bylaws
  • 23. Submit Homeowner Warranty Application
  • 24. Add Homeowner Warranty in MLS
  • 25. Review Electricity Details
  • 26. Arrange Inspections for City Sewer/Septic Tank Systems
  • 27. Collect Natural Gas Information
  • 28. Provide Security System Status
  • 29. Determine Termite Bond Status
  • 30. Analyze Lead-based Paint Status
  • 31. Distribute Disclosure Packages
  • 32. Prepare Property Amenities
  • 33. Detail Inclusions & Conveyances with Sale
  • 34. Compile Repairs Needed List
  • 35. Send Seller Vacancy Checklist
  • 36. Install Lockbox
  • 37. Make Copies of Leases for Rental Units (if applicable)
  • 38. Verify Rents, Utilities, Water, and Deposits for Rentals
  • 39. Inform Tenants of Listing for Rentals
  • 40. Install Yard Sign
  • 41. Perform Interior Assessment
  • 42. Perform Exterior Assessment

 

Advertising and Marketing a Listing

 

  • 43. Enter a Profile Sheet into the MLS Listing Database
  • 44. Provide Copies of MLS Agreement
  • 45. Take Additional Photos for MLS and Marketing
  • 46. Create and Advertise Property Listing
  • 47. Coordinate Showing Times
  • 48. Create and Mail Flyers
  • 49. Compare MLS Listings
  • 50. Develop Marketing Brochure
  • 51. Notify the Network Referral Program
  • 52. Create Special Feature Cards
  • 53. Analyze Feedback Emails and Faxes

 

Handling Offers and Contracts

 

  • 54. Receive Offer(s) to Purchase
  • 55. Evaluate Net Sheet
  • 56. Counsel and Mediate Offer(s)
  • 57. Deliver Seller's Disclosure
  • 58. Obtain Pre-qualification Letter
  • 59. Negotiate Offers on the Seller's Behalf
  • 60. Mediate Counteroffers or Amendments
  • 61. Fax Contract Copies
  • 62. Deliver "Offer to Purchase" Copies
  • 63. Assist with Escrow Account
  • 64. Distribute Under-Contract Showing Restrictions
  • 65. Update MLS to "Sale Pending"
  • 66. Review Credit Report
  • 67. Deliver Unrecorded Property Information
  • 68. Order Well Flow Test Reports (if applicable)
  • 69. Order Termite Inspection (if applicable)
  • 70. Order Mold Inspection (if applicable)
  • 71. Confirm Deposit and Buyer's Employment
  • 72. Follow Up with Loan Processing
  • 73. Communicate with Lender
  • 74. Confirm Approval of Loan
  • 75. Remove Loan Contingency

 

Home Inspection and Home Appraisal Activities

 

  • 76. Coordinate Buyer's Home Inspection
  • 77. Review Home Inspector's Report
  • 78. Interpret Loan Limits
  • 79. Verify Home Inspection Clauses
  • 80. Contractor Preparation
  • 81. Confirm Repair Completion
  • 82. Attend Appraiser Appointment
  • 83. Provide Appraiser Information and Remove Contingency

 

Closing Preparations and Actions

 

  • 84. Ensure Contract is Sealed
  • 85. Coordinate Closing Process
  • 86. Coordinate Closing Formal Procedure
  • 87. Assist with Title Issues
  • 88. Perform Final Walk-through
  • 89. Verify Tax and Utility Preparations
  • 90. Review and Distribute Final Closing Figures
  • 91. Request Closing Document Copies
  • 92. Confirm Receipt of Title Insurance Commitment
  • 93. Make Homeowners Warranty Available
  • 94. Review Closing Documents
  • 95. Confirm and Assist with Final Deposit
  • 96. Coordinate with Next Purchase
  • 97. Ensure "No Surprises" Closing
  • 98. Final MLS Update
  • 99. Follow Up and Resolve Repairs
  • 100. Documentation Follow Up
  • 101. Hand the keys to the new owner

J.L Nolan Real Estate L.L.C

Posted by

Amanda Alejandro

 

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Amanda Alejandro

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