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Buying or Selling a home is a complex and stressful
undertaking. Getting an expert to help will save you time,
money and aggravation.
Looking out for your best interests:
By asking a REALTOR to act on your behalf during the purchase
or sale of a home, you create an
Agency Relationship
and become the REALTOR's client. REALTORS always owe their
clients full fiduciary duties, such as loyalty,
confidentiality, accountability, duty of care, obedience to
all lawful instructions, and full disclosure of all pertinent
facts.
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Buying:
The Value of working with a REALTORŪ
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Selling:
The Value of working with a REALTORŪ
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(10 Common errors to avoid when buying)
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(10 Common errors to avoid when selling)
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Getting the best deal -
Know the Market:
What have similar properties sold for in the immediate area?
How long were they on the market? How does this one compare?
Is it over-priced, under-priced, or fair value? What type of
market is it - is it a Seller's, Buyer's or a Balanced market?
By having this information at your fingertips, you are in a
position to negotiate the best price and take advantage of any
opportunities that may show up.
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Getting the best price:
Professional marketing means top dollar and a faster sale.
REALTORS spend a lot of time and energy making sure they know
their local market inside and out. They know the current
market value of properties in your area and are your best
resource for determining and getting the best and highest
price possible. All REALTORS have access to all of their
agency's resources and marketing skills, ensuring that all
potential buyers are quickly made aware of your home.
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Negotiation expertise:
While a REALTOR does many things, one of his or her most
important functions is to negotiate on behalf of their
clients. When you purchase a home, you want the best deal
possible. Your REALTOR's job is to facilitate this by drawing
up legally binding contracts, assisting in negotiating offers,
offering advice and perspective and, if needed, acting as a
mediator during any potential disputes between you and the
seller.
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Showcase your home in the best possible light:
"First
impressions count!"
As unfair as it might be to your home, after only fifteen
seconds most buyers have already developed a perception of
your property that will color their feelings during the rest
of the showing and perhaps dramatically affect how they
perceive the value of the property. REALTORS can offer a great
deal of information and advice on how to significantly
increase your chances of obtaining the highest and best price
for your home.
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Finding the right home & neighborhood for you:
REALTORS spend a lot of time and energy making sure they know
their local market inside and out. They are familiar with the
current market values of properties in the areas you are
looking and are your best resource for finding the right home.
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Dealing only with qualified buyers:
REALTORS have access to pre-screened and pre-qualified buyers
who are really serious about buying in your neighborhood. They
work full-time making these connections and are literally the
best source of potential purchasers.
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Determining your "wish list":
What is it that you want from your new home? A particular
style, design, lot type? Proximity to schools, services, work?
A pool? A two-car garage? A specific price range? A REALTOR
will help identify exactly what it is you are looking for and
ensure that you get to see all the homes that meet your
criteria.
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Negotiation expertise:
REALTORS do many things, but one of their most important
functions is to negotiate on behalf of their clients. When you
sell your house, you want the best price in a reasonable
amount of time. Your REALTOR's job is to facilitate this by
drawing up legally binding contracts, assisting in negotiating
any offers, offering advice and perspective, and if needed,
acting as a mediator during any potential disputes between you
and the purchaser.
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Professional experience:
A REALTOR brings to the table all of his or her knowledge,
training and negotiation skills, and will explain exactly what
you can expect from the buying/selling process. He or she will
be able to explain your rights and obligations, help organize
and strategize, and even discuss financing options.
All REALTORS are members of the National Association of
Realtors (NAR). This organization requires all of its members
to adhere to a strict
Code of Ethics and Standards of Business Practice.
The Code and Standards are very important because they assure
that all REALTORS offer the highest level of service, honesty
and integrity possible. All REALTORS are subject to constant
professional monitoring that keeps them directly accountable
to the individual consumers they serve. NAR also ensures that
all of its members are knowledgeable and highly trained in
order to better serve the public and offers ongoing education
courses so that REALTORS continue to meet the highest
professional standards in an ever-changing industry.
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Assist with financing needs:
REALTORS are familiar with all of the complexities involved in
the pre-qualification, approval and negotiation of mortgage
rates. Like many industries, banks are experiencing quite a
bit of competition and are often willing to flex from their
quoted rates. Experienced REALTORS can often assist in finding
the most competitive rates and terms available.
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Access to Multiple Listing Services:
REALTORS have exclusive access to the Multiple Listing Service
(MLS). It is one of the most effective marketing tools
available, giving all realtors nation-wide access to your
property. The MLS system also allows a REALTOR to examine all
properties for sale and short-list the ones that are right for
you. This not only offers more choices but also saves you
valuable time and effort.
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