Tuesday, March 1, 2011

Have you ever been asked, why use a REALTOR !

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 & the large downside risk, it would be foolish to consider a deal in real estate without the professional assistance of a REALTOR

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 & current debt, he/she can refer you to lenders best qualified to help you. Most lenders, banks & 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 & 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 & often the inclusion or exclusion of repairs & furnishings or equipment. The purchase agreement should provide a period of time for you to complete appropriate inspections & investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations & inspections are recommended or required.
5. Your REALTOR® provides due diligence during the evaluation of the property. Depending on the area & property, this could include inspections for termites, dry rot, asbestos, faulty structure, roof condition, septic tank & well tests, just to name a few. Your REALTOR® can assist you in finding qualified responsible professionals to do most of these investigations & 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 & 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 & in identifying qualified lenders.
7. Your REALTOR® can guide you through the closing process & 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 & the price, financing, terms & condition of competing properties. These are key factors in getting your property sold at the best price, quickly & with minimum hassle.
9. Your REALTOR® markets your property to other real estate agents & 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 & 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 (MLS) 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 & 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 & 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 & 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 & 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 & 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 & move the transaction to closing (or settlement).

Your source for real Estate needs: http://www.greatgtahomes.com

Have you ever been asked, why use a REALTOR !

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 & the large downside risk, it would be foolish to consider a deal in real estate without the professional assistance of a REALTOR

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 & current debt, he/she can refer you to lenders best qualified to help you. Most lenders, banks & 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 & 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 & often the inclusion or exclusion of repairs & furnishings or equipment. The purchase agreement should provide a period of time for you to complete appropriate inspections & investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations & inspections are recommended or required.
5. Your REALTOR® provides due diligence during the evaluation of the property. Depending on the area & property, this could include inspections for termites, dry rot, asbestos, faulty structure, roof condition, septic tank & well tests, just to name a few. Your REALTOR® can assist you in finding qualified responsible professionals to do most of these investigations & 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 & 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 & in identifying qualified lenders.
7. Your REALTOR® can guide you through the closing process & 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 & the price, financing, terms & condition of competing properties. These are key factors in getting your property sold at the best price, quickly & with minimum hassle.
9. Your REALTOR® markets your property to other real estate agents & 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 & 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 (MLS) 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 & 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 & 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 & 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 & 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 & 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 & move the transaction to closing (or settlement).