Why use a REALTOR?
Why Use a REALTOR®?
All real estate licensees are not the same. Only real estate licensees who
are members of the NATIONAL ASSOCIATION OF REALTORS® are properly
called REALTORS®. They proudly display the REALTOR "®" logo on the
business card or other marketing and sales literature. REALTORS® are
committed to treat all parties to a transaction honestly. REALTORS®
subscribe to a strict code of ethics and are expected to maintain a higher
level of knowledge of the process of buying and selling real estate. An
independent survey reports that 84% of home buyers would use the same
REALTOR® again.
Real estate transactions involve one of the biggest financial investments
most people experience in their lifetime. Transactions today usually exceed
$100,000. If you had a $100,000 income tax problem, would you attempt to
deal with it without the help of a CPA? If you had a $100,000 legal question,
would you deal with it without the help of an attorney? Considering the small
upside cost and the large downside risk, it would be foolish to consider a
deal in real estate without the professional assistance of a REALTOR®.
But if you're still not convinced of the value of a REALTOR®, here are a
dozen more reasons to use one:
1. Your REALTOR® can help you determine your buying power -- that
is, your financial reserves plus your borrowing capacity. If you give a
REALTOR® some basic information about your available savings, income and
current debt, he or she can refer you to lenders best qualified to help you.
Most lenders -- banks and mortgage companies -- offer limited choices.
2. Your REALTOR® has many resources to assist you in your home
search. Sometimes the property you are seeking is available but not
actively advertised in the market, and it will take some investigation by your
agent to find all available properties.
3. Your REALTOR® can assist you in the selection process by
providing objective information about each property. Agents who are
REALTORS have access to a variety of informational resources. REALTORS®
can provide local community information on utilities, zoning. schools, etc.
There are two things you'll want to know. First, 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?
4. Your REALTOR® can help you negotiate. There are myriad negotiating
factors, including but not limited to price, financing, terms, date of
possession and often the inclusion or exclusion of repairs and furnishings
or equipment. 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.
5. Your REALTOR® provides due diligence during the evaluation of the
property. Depending on the area and property, this could include
inspections for termites, dry rot, asbestos, faulty structure, roof condition,
septic tank and well tests, just to name a few. Your REALTOR® can assist
you in finding qualified responsible professionals to do most of these
investigations and provide you with written reports. You will also want to
see a preliminary report on the title of the property. Title indicates
ownership of property and can be mired in confusing status of past owners
or rights of access. The title to most properties will have some limitations;
for example, easements (access rights) for utilities. Your REALTOR®, title
company or attorney can help you resolve issues that might cause problems
at a later date.
6. Your REALTOR® can help you in understanding different financing
options and in identifying qualified lenders.
7. Your REALTOR® can guide you through the closing process and
make sure everything flows together smoothly.
8. When selling your home, your REALTOR® can give you up-to-date
information on what is happening in the marketplace and the price,
financing, terms and condition of competing properties. These are key
factors in getting your property sold at the best price, quickly and with
minimum hassle.
9. Your REALTOR® markets your property to other real estate agents
and the public. Often, your REALTOR® can recommend repairs or cosmetic
work that will significantly enhance the salability of your property. Your
REALTOR® markets your property to other real estate agents and the public.
In many markets across the country, over 50% of real estate sales are
cooperative sales; that is, a real estate agent other than yours brings in the
buyer. Your REALTOR® acts as the marketing coordinator, disbursing
information about your property to other real estate agents through a
Multiple Listing Service or other cooperative marketing networks, open
houses for agents, etc. The REALTOR® Code of Ethics requires REALTORS®
to utilize these cooperative relationships when they benefit their clients.
10. Your REALTOR® will know when, where and how to advertise your
property. There is a misconception that advertising sells real estate. The
NATIONAL ASSOCIATION OF REALTORS® studies show that 82% of real estate
sales are the result of agent contacts through previous clients, referrals,
friends, family and personal contacts. When a property is marketed with the
help of your REALTOR®, you do not have to allow strangers into your home.
Your REALTOR® will generally prescreen and accompany qualified
prospects through your property.
11. Your REALTOR® can help you objectively evaluate every buyer's
proposal without compromising your marketing position. This initial
agreement is only the beginning of a process of appraisals, inspections and
financing -- a lot of possible pitfalls. Your REALTOR® can help you write a
legally binding, win-win agreement that will be more likely to make it through
the process.
12. Your REALTOR® can help close the sale of your home. Between
the initial sales agreement and closing (or settlement), questions may
arise. For example, unexpected repairs are required to obtain financing or a
cloud in the title is discovered. The required paperwork alone is
overwhelming for most sellers. Your REALTOR® is the best person to
objectively help you resolve these issues and move the transaction to
closing (or settlement).
All real estate licensees are not the same. Only real estate licensees who
are members of the NATIONAL ASSOCIATION OF REALTORS® are properly
called REALTORS®. They proudly display the REALTOR "®" logo on the
business card or other marketing and sales literature. REALTORS® are
committed to treat all parties to a transaction honestly. REALTORS®
subscribe to a strict code of ethics and are expected to maintain a higher
level of knowledge of the process of buying and selling real estate. An
independent survey reports that 84% of home buyers would use the same
REALTOR® again.
Real estate transactions involve one of the biggest financial investments
most people experience in their lifetime. Transactions today usually exceed
$100,000. If you had a $100,000 income tax problem, would you attempt to
deal with it without the help of a CPA? If you had a $100,000 legal question,
would you deal with it without the help of an attorney? Considering the small
upside cost and the large downside risk, it would be foolish to consider a
deal in real estate without the professional assistance of a REALTOR®.
But if you're still not convinced of the value of a REALTOR®, here are a
dozen more reasons to use one:
1. Your REALTOR® can help you determine your buying power -- that
is, your financial reserves plus your borrowing capacity. If you give a
REALTOR® some basic information about your available savings, income and
current debt, he or she can refer you to lenders best qualified to help you.
Most lenders -- banks and mortgage companies -- offer limited choices.
2. Your REALTOR® has many resources to assist you in your home
search. Sometimes the property you are seeking is available but not
actively advertised in the market, and it will take some investigation by your
agent to find all available properties.
3. Your REALTOR® can assist you in the selection process by
providing objective information about each property. Agents who are
REALTORS have access to a variety of informational resources. REALTORS®
can provide local community information on utilities, zoning. schools, etc.
There are two things you'll want to know. First, 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?
4. Your REALTOR® can help you negotiate. There are myriad negotiating
factors, including but not limited to price, financing, terms, date of
possession and often the inclusion or exclusion of repairs and furnishings
or equipment. 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.
5. Your REALTOR® provides due diligence during the evaluation of the
property. Depending on the area and property, this could include
inspections for termites, dry rot, asbestos, faulty structure, roof condition,
septic tank and well tests, just to name a few. Your REALTOR® can assist
you in finding qualified responsible professionals to do most of these
investigations and provide you with written reports. You will also want to
see a preliminary report on the title of the property. Title indicates
ownership of property and can be mired in confusing status of past owners
or rights of access. The title to most properties will have some limitations;
for example, easements (access rights) for utilities. Your REALTOR®, title
company or attorney can help you resolve issues that might cause problems
at a later date.
6. Your REALTOR® can help you in understanding different financing
options and in identifying qualified lenders.
7. Your REALTOR® can guide you through the closing process and
make sure everything flows together smoothly.
8. When selling your home, your REALTOR® can give you up-to-date
information on what is happening in the marketplace and the price,
financing, terms and condition of competing properties. These are key
factors in getting your property sold at the best price, quickly and with
minimum hassle.
9. Your REALTOR® markets your property to other real estate agents
and the public. Often, your REALTOR® can recommend repairs or cosmetic
work that will significantly enhance the salability of your property. Your
REALTOR® markets your property to other real estate agents and the public.
In many markets across the country, over 50% of real estate sales are
cooperative sales; that is, a real estate agent other than yours brings in the
buyer. Your REALTOR® acts as the marketing coordinator, disbursing
information about your property to other real estate agents through a
Multiple Listing Service or other cooperative marketing networks, open
houses for agents, etc. The REALTOR® Code of Ethics requires REALTORS®
to utilize these cooperative relationships when they benefit their clients.
10. Your REALTOR® will know when, where and how to advertise your
property. There is a misconception that advertising sells real estate. The
NATIONAL ASSOCIATION OF REALTORS® studies show that 82% of real estate
sales are the result of agent contacts through previous clients, referrals,
friends, family and personal contacts. When a property is marketed with the
help of your REALTOR®, you do not have to allow strangers into your home.
Your REALTOR® will generally prescreen and accompany qualified
prospects through your property.
11. Your REALTOR® can help you objectively evaluate every buyer's
proposal without compromising your marketing position. This initial
agreement is only the beginning of a process of appraisals, inspections and
financing -- a lot of possible pitfalls. Your REALTOR® can help you write a
legally binding, win-win agreement that will be more likely to make it through
the process.
12. Your REALTOR® can help close the sale of your home. Between
the initial sales agreement and closing (or settlement), questions may
arise. For example, unexpected repairs are required to obtain financing or a
cloud in the title is discovered. The required paperwork alone is
overwhelming for most sellers. Your REALTOR® is the best person to
objectively help you resolve these issues and move the transaction to
closing (or settlement).
"Where Honesty is the ONLY Policy"
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Whether you choose
to live in Springdale,
Fayetteville,
Bentonville, Rogers,
Bella Vista or any
surrounding town, I
can Find you the
perfect home in the
town you desire in
NW Arkansas.
Residential,
Commercial,
Multi-family, Farm,
Land, Rental, and
investment property!
to live in Springdale,
Fayetteville,
Bentonville, Rogers,
Bella Vista or any
surrounding town, I
can Find you the
perfect home in the
town you desire in
NW Arkansas.
Residential,
Commercial,
Multi-family, Farm,
Land, Rental, and
investment property!
Call Me NOW!
| 479-387-1108 |
| Katharine Mason Arkansas Realtor |
Remember you should never have to pay your buyers agent a commission fee!
NW AR REAL ESTATE
