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Real estate transactions involve one of
the biggest financial investments most people experience in their
lifetime. Transactions today usually exceed $200,000. If you had a
$200,000 income tax problem, would you attempt to deal with it
without the help of a CPA? If you had a $200,000 legal question,
would you deal with it without the help of an attorney? Of course
you wouldn't! 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:
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REALTORS® can help you determine your buying power -- that is,
your financial reserves plus your borrowing capacity. If you give
Anthony 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.
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REALTORS® can assist you in the
selection process by providing objective information about each
property. Agents, like Anthony Rael, who are REALTORS® have access to a variety of
informational resources. Anthony 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?
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REALTORS®
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. Anthony can advise you as to which investigations and
inspections are recommended or required.
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REALTORS®
provide 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.
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REALTORS®
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. Anthony, the title company or
attorney can help you resolve issues that might cause problems at a
later date.
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REALTORS®
can guide you through the closing process and make sure everything
flows together smoothly. When selling your home, Anthony 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.
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REALTORS®
will market your property to other real estate agents and the
public. Often, Anthony will recommend repairs or cosmetic work that
will significantly enhance the salability of your property. Anthony
will market 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. Anthony 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.
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REALTORS®
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 a REALTOR®,
like our website sponsor - Anthony Rael, you do not have to allow strangers into your home.
Anthony will generally prescreen and accompany qualified prospects
through your property.
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REALTORS®
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. Anthony will help you write a legally
binding, win-win agreement that will be more likely to make it
through the process.
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REALTORS®
will 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).
The Benefits of
Owning a Home
(2008 National
Association of Realtors Ad Campaign)
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THE BENEFITS OF OWNING A HOME
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CONTACT ANTHONY RAEL
FOR YOUR FREE 10% OFF COUPON AT LOWE'S
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