Reasons to Use a Real Estate Agent:
When Selling:
1) Setting a price
2) Marketing Plan – Very comprehensive, everything from
how to prepare your home for salability; acts as marketing
coordinator (re: other agents), placement of advertising,
including MLS, other websites, media, etc., fields calls,
holds open houses for other agents and public. Choice and
frequency of various methods of advertising by an expert.
3) Realtors Code of Ethics
Requires Realtors to utilize these cooperative relationships
when they benefit their clients. They are legally held
accountable.
4) Liability concerns – R.E. transactions are fraught with potential
liability for unwary sellers, particularly where there are extensive
disclosure requirements like FL. Overlooking even one required
form or legally mandated disclosure could cause a protracted and
expensive buyer lawsuit after the transaction closes.
5) Time constraints
6) Security – prescreens client’s and accompanies qualified prospects.
7) Realtor knows the market, i.e., has information on past sales,
current listings, a marketing plan/techniques to affect a quick
sale at the best price.
8) Negotiations, paperwork, handle &/or mediate problems,
legalities, disclosures (there are many), coordinates everything,
including appraisals, inspections, (repairs, clouds of title), financing,
etc. on your behalf and sees you to a successful close of escrow.
When Buying:
1) Realtor knows the market, i.e., has information on past sales,
current listings, tax records, etc., information that will assist you,
the Buyer in offering a fair price. Assistance in procuring the right home
through access to the MLS and many other venues.
2) Provides hands on assistance; they are a wealth of information
regarding schools and other local information pertinent to
their specific criteria as well as information which the Buyer may need
to know in order to purchase or not to purchase a particular property.
3) Handles negotiations; writes a good “Non-Voidable” contract,
monitors and enforces all timeframes, coordinates all inspections,
appraisals, obtains all disclosures pertinent to the purchase, all to
see you through a successful close of escrow.
4) Liability Concerns (see # 4 above)
5) Time constraints
6) Security
7) Realtors Code of Ethics (See # 3 above.)
NOTE:
Real estate transactions involve one of the biggest financial investments most
people experience in their lifetime.
If you had a tax problem, would you attempt to deal with it without the help
of an accountant or CPA?
A legal problem or question, without the help of an attorney?
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 who is bound by a Code of Ethics of his profession..