|
Your home is probably your most valuable possession.
Chances are good that if you needed an operation you would not
want an amateur to perform it, you'd want the most highly skilled
physician available. The same philosophy should hold true for your
home - you should hire the most highly skilled professional REALTOR® around
to market it for you! Industry surveys show that homes sold by
REALTORS® sell for an average of 9 1/2% more than similar homes
sold by owner.
When is a Real Estate Agent a REALTOR®?
When they are a member of the NATIONAL ASSOCIATION OF REALTORS®, The Voice
for Real Estate® -- the world's largest professional association. The term
REALTOR® is a registered collective membership mark that identifies a real
estate professional who is a member of the NATIONAL ASSOCIATION OF REALTORS® and
subscribes to its strict Code of Ethics.
Listed below are the primary reasons why:
The goal of any seller is to realize the highest
dollar amount practical for his property. This
means exposing it to the largest possible pool of potential buyers
in order to make sure that the offer received is truly the best
one obtainable. In Columbia, SC, approximately 22% of all buyers
come from sources other than the Multiple Listing Service. So
if you are trying to sell your home on your own you have now
eliminated 78% of the potential buyers! Also, be wary of hiring
a "discount" broker who will place your home in the
MLS but will charge you fees in advance which are non-refundable
whether or not your home sells. These brokers are not actively
working on your behalf - they've already been paid! And most
professional REALTORS® will avoid showing these listings
because they know that in the long run they will end up doing
the work of both the listing and the selling sides for only half
the pay.
The goal of any buyer is to buy the home for the least amount of money possible. Quite
often the people that show up at your door are the bargain hunters hoping that
you have under-priced your home. Plus their philosophy is, if you are not using
a REALTOR® the commission you are saving should come off the price of the
home. So not only do you end up not saving any money, now you have to handle
the all the details of the transaction as well. Do you know how to write up a
legally binding contract? Do you know what liabilities may be involved? Do you
know what disclosures a seller must make? Do you know how to find out if your
buyer is truly qualified before taking your home off the market and tying it
up for a couple of months? Not only will you spend your time, you'll also have
all the out-of-pocket expenses for advertising. Hiring a professional REALTOR® will
save you time, money and aggravation.
|

A professional REALTOR® can market your home on a full
time basis. As a homeowner, even if you don't work,
it is difficult to stay at home 24 hours a day 7 days a week.
There are always trips to the grocery store or the doctor's
office that must be performed. Most buyers don't have the patience
to wait to see a home. And if they call on a classified ad
and get an answering machine, only 3% will leave a message!
Quite often financing is critical to making a deal work between
the buyer and the seller. There are over 150 different loan
programs on the market today,
but many lenders offer only a fraction of them. Unless you are a financing
expert, you may sacrifice the buyer who is willing to give you top dollar for
your home just for lack of knowing how to make it affordable for him and where
to look for his loan. All professional REALTOR® have a variety of lenders
on call who each specialize in various types of loans. And the REALTOR® can
help protect you from tying up your home with a buyer who truly can't qualify.
Many of the prospective buyers who look at FSBO's are those who cannot qualify
with a regular lender and hope to get you to finance the home for them.
Buying a home is an emotional decision. It has to "feel" right
to the buyer when he first walks through the door. The house "talks" to
the buyer as they are looking through it and making it their own. But it
is hard for a buyer to feel comfortable with the seller following them through
the property and describing every improvement the seller has made. The buyer
feels he is intruding into someone else's private space instead of molding
the home in his mind to his own taste. A REALTOR® can even help suggest
changes they know would appeal to the buyer based on the REALTOR's knowledge
of what the buyer has responded to in the previous homes they have viewed
together. And as a seller it can be very hard to accept the implied criticism
of any changes the buyer might wish to make.
The bottom line is this, if you settle for less than the
best real estate professional in your area, you are settling for inferior
marketing and can expect to obtain inferior results.
The cost in time and net proceeds will
far exceed the commission dollars you thought you were saving!
|