Buying and Selling Real Estate
Buying or selling real estate is a complex process. Hence, having an experienced professional Realtor by your side is highly advisable. Realtors buy and sell property as a career, working with them makes it possible to find what you want quickly and easily.
Even though saving the commission you pay a Realtor for their assistance sounds like a good idea, you will realize that you will end up spending much more in soliciting for a buyer or a seller, then you saved in commission. The commission that you pay matters.
The basics of buying and selling a property
To get a buyer for a property you are selling or a seller to buy your house, you need to understand the undertakings required of you. For instance, for a seller to have their home listed and taken off the market, they need to extensively market it so that they get qualified buyers. Working with a Realtor saves you the hustle and puts you in a better position to have your property off the market sooner.
The process using a professional Realtor goes through to get you a closed deal on the property you are selling may include:
- Initial marketing positioning
- Extensive marketing
- Paperwork; writing up contracts
- Negotiations
- Disclosure
- Inspections
- Seeing the deal through to closing
If you are looking to buy a home, having a Realtor working with you is of great help because they understand the market and know where to look for what you want. They are aware of all house listings and can search and find faster than if you are working on your own.
Using a Realtor
Why exposure is good for a property seller
Right now, you may notice that many real estate markets are setting records, where the most popular homes get caught in a bidding war. People who are looking to see their houses have more groundwork to do as compared to buyers.
In selling you need to consider:
- Take professional photos of your property – or follow these tips for taking the photos.
- Virtual and video property tours
- Extensive property description
All these are to make sure you have a quick sale by finding a qualified buyer. Prospective buyers need to see your property for it to sell. Having advertisements on TV, emails and online websites such as Trulia or Realtor.com might seem like a good idea, but people block advertisements all the time. Also, selling your home FSBO wont get your home in the MLS.
Working with a Realtor ensures that your property is included in all necessary listings in websites that have an optimum online presence. Real estate agents also understand how to reach potential buyers who do not search for property online.
The world today is fast-paced and having someone who will quickly respond to interested buyers is necessary. It can be challenging to find time out of your busy schedule to attend to concerns a potential buyer might have about your property.
Why you need a Realtor
There has been an escalation of available Realtor services in the recent past, and it is with good reason. Many more people realize they need the services of a professional real estate agent while buying or selling a property. That doesn’t mean you should use just any Realtor.
Many homeowners now know that the commission they pay agents to sell a home is worth it. The real estate market is an ever-changing one, only a professional who works in this field is knowledgeable enough to help you make such a big financial decision.
Agents offer convenience as they understand the tactics and strategies of their job market better than you do. Knowing how to get in touch with qualified buyers and finding you the property you desire is part of their job description.
Letting them handle negotiations and contracts saves you the headache of trying to understand all the complex details of a transaction and make the right decision at the same time. All you have to do is make your concerns known to them, and they will work it out with the other party.
Home Ownership Laws and Recent Changes
There have been some changes enacted by Congress concerning equity loans, mortgage interests, property taxes and moving expenses. Each homeowner is usually affected differently by such changes, but it is only a matter of time and the market balances.
Changes may cause sales to be declined and difficulty in selling a house in high-end residents. Interest deductions and changes in payment of property taxes might lead to increasing the cost of homeownership. Working with Realtors makes sure that a professional has your back and that you are well informed and negotiate the best deal possible.
