multiple listing system

Sellers: Do You Need a Realtor?

Many individuals calculate how much they will have to pay a real estate agent in commission to sell their home and decide to sell their home themselves, becoming part of a category dubbed FSBOs (For Sale By Owner). If you are thinking about selling your home and are considering marketing and processing the transaction yourself, pump the brakes and read this post before you decide.

Finding a buyer of your proerty is just one task for a listing agent, but it isn’t nearly as easy as it seems. A listing agent assist a seller with staging a home for photographs and open houses in order to draw attention to features of the home that buyers will find most attractive. After a listing agent has attracted a buyer to make an offer by placing the listing on the MRIS, placing a yard sign on the property, and hosting an open house on the premises, the listing agent works with the buyer’s agent to make sure the buyers have all disclosures, the home inspector has access to the property, and the title work is done. The listing agent puts a buffer between the seller and the buyer, helping you to evaluate the buyer’s proposal with compromising your market postion.

Many questions and issues can arise from contract to closing, from required repairs to obtain financing to a cloud on the title. Your listing agent has the knowledge, experience, and resources to guide you through the closing process and make sure everything flows smoothly.

Buyers: Do You Really Need a Real Estate Agent?

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“Do I need a real estate agent? I found the property I want to buy online, myself.” If I had a dollar for the number of times I’ve heard this said, I probably would be on vacation in the Bahamas instead of writing this post from my home in Washington, DC. Only licensed real estate agents have access to the multiple listing system, a real-time database of properties listed for sale. Hence, online search engines of properties for sale may not include every listing or may include listings that are no longer available.

Finding the home of your dreams is just the beginning stage of my job. Actually, the beginning, or warm-up, is getting my clients pre-approved with one of my mortgage partners who can best meet their needs. Once my buyer client is clear on how much buying power they have, we go “house hunting.” Fast forward, my client finds the property they want to find purchase and I help them submit an offer. Having a buyer’s agent comes in handy if you are unfamiliar with drafting contracts and the legal statutes surrounding them. Fast forward past negotiation (another task for your agent) and the buyer’s agent helps to coordinate appointments with appraisers and home inspectors. A good buyer’s agent will aid you in selecting a title company and will keep their ear to the ground for any issues that surface concerning chain of title or any liens.

There are numerous procedures, research steps, and processes involved in a real estate traction. A real estate agent has the skill, knowledge, experience, and network to guide you through to closing smoothly.