5 Reasons Why You Should Use a REALTOR When Buying and Selling A Home
5 Reasons Why You Should Use a REALTOR When Buying and Selling A Home: Whether you’re buying or selling a home it can be quite an adventurous journey. This why you need an experienced real estate professional to guide you on the path to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO.
The 5 reasons you NEED a real estate professional in your corner haven’t changed. Rather been strengthened by the projections of higher mortgage interest rates & home prices as the market continues to pick up steam.
1. What do you do with all this paperwork?
Each state has different regulations regarding the contracts required for a successful sale. These regulations are constantly changing. A true REALTOR® has the experience to guide you through the stacks of paperwork necessary to make your dream a reality.
2. Ok, so you found your dream house, now what?
There are over 180 possible steps that need to take place during every successful real estate transaction. Don’t you want someone who has been there before? Wouldn’t you like someone who knows what these actions are, to make sure that you achieve your dream?
3. Are you a good negotiator?
So maybe you’re not convinced that you need an agent to sell your home. After looking at the list of parties that you will need to be prepared to negotiate with, you’ll soon realize the value in selecting a real estate professional. From the buyer (who wants the best deal possible), to the home inspection companies, to the appraiser, there are at least 11 different people who you will need to be knowledgeable of, and answer to, during the process.
4. What is the home you’re buying/selling really worth?
It is important for your home to be priced correctly from the start to attract the right buyers and shorten the amount of time that it’s on the market. You need someone who is not emotionally connected to your home to give you the truth as to your home’s value. According to the National Association of REALTORS, “the typical FSBO home sold for $185,000 compared to $245,000 among agent-assisted home sales.”
Get the most out of your transaction by hiring a professional.
5. Do you know what’s really going on in the market?
There is so much information out there on the news and the internet about home sales, prices, and mortgage rates; how do you know what’s going on specifically in your area? Who do you turn to in order to competitively, and correctly, price your home at the beginning of the selling process? How do you know what to offer on your dream home without paying too much, or offending the seller with a lowball offer?
5 Reasons Why You Should Use a REALTOR When Buying and Selling A Home
Dave Ramsey, the financial guru, advises:
“When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.”
Hiring an agent who has his or her finger on the pulse of the market will make your buying or selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.
Bottom Line
You wouldn’t replace the engine in your car without a trusted mechanic. Why would you make one of the most important financial decisions of your life without hiring a real estate professional?
[afview]
Foreclosure Roulette A New Way Banks Deal With Delinquent Homeowners
I think we are getting a glimpse of things to come...new buzz word for sure! Foreclosure Roulette. This article was front page of Huffington Post earlier today. Bea Garwood has been bracing for foreclosure since May, but she says she's been told three times to...
Good for Banks, Not So For Borrowers…Foreclosure Relief, Loan Modifications Fail
I know this is a long read...but it's full of good information. Enjoy! Home sales are hitting new lows, the number of homeowners behind on their mortgages is again climbing, as is the number of foreclosures. Housing market misery is widespread—but particularly intense...
Good for Banks, Not So For Borrowers…Foreclosure Relief
I know this is a long read...but it's full of good information. Enjoy! Home sales are hitting new lows, the number of homeowners behind on their mortgages is again climbing, as is the number of foreclosures. Housing market misery is widespread—but particularly intense...
Communities Get First Look at Foreclosures Before Investors
The U.S. Department of Housing and Urban Development is launching a first of its kind agreement with the nation's largest mortgage lenders to give selected state and local governments and non-profit organizations priority over individual investors to buy foreclosed...
Foreclosure Roulette…Deadly Game Of Home Foreclosure!
This is just brilliant...in my opinion. As a Realtor in Southern California I have to agree with the writer! One of my favorite excerpts in bold ...Read the entire story and enjoy...it's an interesting perspective! An acronym soup of programs followed, which were...
Home Buyers Tax Credit?
Just when I thought the housing market was finally being left to correct on its own, I'm starting to hear talk regarding yet another home buyer tax credit. From HUD to the hedge funds, it sounds as if it is gaining steam yet again. This one could involve not just...
Housing In Terrible Shape…More Decline In Home Prices To Come
Great Video On Moral Obligations Of Homeowners That Choose Strategic Short Sales
Strategic Short Sales…Moral Obligation? Individual Mortgages are NO Different than a Corporate Mortgage
More and more commercial real-estate companies are doing what many indebted homeowners would like to do: Walk away from mortgages on properties that are now worth a lot less than they paid for them. Today's Wall Street Journal highlights three major developers...
HAFA Questions Answered…Freddie and Fannie Endorse Short Sales
By Luanne J. Hunt Anyone who has faced or gone through a foreclosure knows how devastating the process can be. That includes millions of Americans who have struggled to make their house payments in our country’s unstable economic situation. While many have walked...
No Surprise Here….Housing in 'Double-Dip': Economist Zandi
The US housing market is in a double-dip recession, Moody’s Analytics chief economist Mark Zandi told CNBC Monday. “Tomorrow we are going to get an existing home sales number that that I think is going to be very, very weak, closer to 4 million units, which I think...
Existing Home Sales Dropping…As Real Estate Agents We Feel It!
JPMorgan Chase, Bank of America, CITI and Wells Fargo to Repay Government $19Billion for 2nd Quarter Defaults
Bank of America, JPM Chase, Citi and Wells Fargo are having to repurchase their bad loans back from Freddie and Fannie. It's about time! These banks bilked billions from us...the tax payers and they have not been held accountable. What does all this mean? Fannie and...
Modification cancellations are up, Federal Foreclosure Program Struggling
Reporting from Washington — Just as the housing market recovery has stalled, so has the Obama administration's main program to ease home foreclosures. Only 36,695 homeowners received permanently lowered mortgage payments in July through the much-criticized Home...
401k Hardship Withdrawals…Loans Soar!
In the wake of news about a spike in new applications for unemployment benefits comes another potentially troubling sign: A record number of workers made hardship withdrawals from their retirement accounts in the second quarter. What's more, the number of workers...
Unemployment figures stretch from 9.5% to 22%…
The Forgotten Employer by RICH KARLGAARD In the recent August addition of Forbes magazine I came across this....interesting reading! Everyone agrees the American job picture is a disaster. Unemployment estimates from June stretch from the official 9.5% to 16.5% to a...
Homeowners Pessimistic…One-Third Say Housing Marketing Has Not Hit Bottom
Refi Boom Could Bust Smaller Banks
I realize it's August, and that's not exactly the hot season for home buying and selling, but I found today's weekly mortgage application report from the Mortgage Bankers Association particularly troubling for a few reasons. To summarize, refinance applications are...