real estate licensees are not the same. Only real estate licensees
who are members of the NATIONAL ASSOCIATION OF REALTORS are properly
called REALTORS. They proudly display the REALTOR ""
on business card or other marketing and sales literature. REALTORS are committed to treat all parties to a transaction
honestly. REALTORS subscribe to strict rules and are expected to
maintain a higher level of knowledge of the process of buying and
selling real estate. An independent survey reports that 84% of home
buyers would use the same REALTOR again.
Real estate transactions involve one of the
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
and the large downside risk, it would be foolish to consider a deal
in real estate without the professional assistance of a REALTOR.
But if you're still not convinced
of the value of a REALTOR, here are six more reasons to use one:
Your REALTOR can help
you determine your buying power - that is, your financial reserves plus your borrowing
you give a REALTOR some basic information about your available
savings, income and current debt, he or she can refer you to lenders
best qualified to help you. Most lenders -- banks and mortgage
companies -- offer limited choices.
Your REALTOR has many
resources to assist you in your home search.
the property you are seeking is available but not actively
advertised in the market, and it will take some investigation by
your agent to find all available properties.
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?
Your REALTOR can help you
There are myriad
negotiating factors, including but not limited to price, financing,
terms, date of possession and often the inclusion or exclusion of
repairs and furnishings or equipment. The purchase agreement should
provide a period of time for you to complete appropriate inspections
and investigations of the property before you are bound to complete
the purchase. Your agent can advise you as to which investigations
and inspections are recommended or required.
There are myriad negotiating
factors, including but not limited to price, financing, terms, date
of possession and often the inclusion or exclusion of repairs and
furnishings or equipment. The purchase agreement should provide a
period of time for you to complete appropriate inspections and
investigations of the property before you are bound to complete the
purchase. Your agent can advise you as to which investigations and
inspections are recommended or required.
Your REALTOR provides due
diligence during the evaluation of the property. Your
REALTOR can assist you in finding qualified responsible
professionals to do most of these investigations and provide you
with written reports. Title indicates ownership of property and 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 attorney can help you
resolve issues that might cause problems at a later date.
Your REALTOR can help
you in understanding different financing options and in identifying