Selling your home can't be that difficult, right? I mean, you put a sign in the yard, you put some ads in the paper, you have an open house or two and people will come. You can even save a ton of money by using a discount brokerage or an online company!
I WISH it were that easy to sell every house! I would never have another disappointed client again! Unfortunately, that is not the case with every home. Selling your home requires extensive research of the current market conditions in your area. Pricing your home at true market value is crucial to the amount of time it will stay on the market. Marketing your home takes time and requires every avenue that you could possibly use. With 89% of home buyers now finding their next home online, a strong online presence is a must along with excellent photos and a proper description. Though it is true that no one knows your home like you do, nobody knows real estate better than a REALTOR®. The National Association of Realtors has a great article on what a REALTOR® is and how one could benefit you in the sale of your home. By using a local REALTOR® you also have the added protection of knowing that you aren't just allowing random unqualified people into your home because you have hired a professional who will make sure that your home is secure and all offers received come from qualified buyers.
"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 treating 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®."
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.
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. 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.
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.
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.
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).