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Why Use a REALTOR® When Selling Property?Most real estate agent can help you understand the basics about the property selling process. But not all real estate agents or Brokers hold them selves to higher standards. Anyone who has a real estate license has passed the real estate commission tests. Not all real estate agents (licensees) are the same; only those who are members of the NATIONAL ASSOCIATION OF REALTORS® (NAR) are properly called REALTORS®. They proudly display the REALTOR "®" trademark on their business cards and 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 reported that 84% of property buyers would use the same REALTOR® again. The Owners of The Morper Group, LLC are both Qualifying Brokers, and they choose to belong to the NATIONAL ASSOCIATION OF REALTORS®. Due to the higher level of knowledge and ethics, they require any agent associated with their company meet the requirements of being and belonging to the NATIONAL ASSOCIATION OF REALTORS®. Real estate transactions are one of the biggest financial dealings of most people’s lifetime. Transactions today usually exceed $250,000. If you had a $250,000 income tax problem, would you attempt to deal with it without the help of a certified professional accountant? If you had a $250,000 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 wise to work with a professional REALTOR® when you are selling property or real estate. If you're still not convinced of the value of a REALTOR®, here are more reasons to use one: - When selling your property, your REALTOR® can give you up-to-date information on what is happening in the marketplace as well as 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.
- Often, your REALTOR® can recommend repairs or cosmetic work that will significantly enhance the salability of your property. (Often Buyers think it will cost 5 time more to repair the problem an reduce their offer by 5-10 times more.)
- Your REALTOR® markets your property to other real estate agents and the public. In many markets across the country, over half 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, distributing information about your property to other real estate agents through a Multiple Listing Service (MLS) or other cooperative marketing networks, 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. NAR 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 property. 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 – and 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 property. Issues may arise between the initial sales agreement and closing (also called settlement or escrow), for example, unexpected repairs might be required to obtain financing or a title problem 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.
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