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Why you need a Real Estate in your corner

Can you imagine going through the home selling process alone only to find out you forgot an important step or left money on the table? There are many nuances to selling a home and trying to go about it without a real estate agent in your corner is not only overwhelming, but can also be costly. According to the 2015 National Association of REALTORS® Profile of Home Buyers and Sellers, “Homes sold through a real estate agent sold for 96 percent of the list price as opposed to homes sold For Sale By Owner.”

A real estate agent can guide you through the process of selling your home and will negotiate on your behalf to ensure you receive a valuable price. He or she will track the paperwork, correspond with the buyer’s agent and contract counteroffers, if needed. However, that is only a small glimpse of what your real estate agent can and will do for you. Your agent will pull comparisons on similar homes in your area to best assist you in pricing your home and will aggressively market it.

Real estate agents have access to a special database called the MLS, which allows other real estate agents to find your home through searches. When your real estate agent uploads you’re listing to MLS, third-party websites, such as Zillow, Trulia, Realtor.com and so on will populate your listing in their databases. Many real estate agents also provide specialized and individualized marketing strategies to help sell your home quickly.

Don’t try to sell your home by yourself

Having a real estate agent ensures you receive the best opportunity to sell your home in the marketplace. If you have more questions on the importance of having an agent, please contact us below!

Get a Realtor®:

You may question, “Why do I need a Realtor®?”

After reviewing the information, you’ll soon find out the importance of having a Realtor® to assist you in the home buying process. A Realtor® follows a strict Code of Ethics as a prerequisite of the National and Arizona Association of Realtors®. Properties listed on the Arizona Regional Multiple Listing Service, a property database which only licensed Realtors® have access to be at your disposal for gathering potential homes of interest in your marketplace. As a Buyer, whether you are purchasing a new or resale home, a lot, acreage, a business or commercial property, we have specialists that can guide you through the process and assist you by providing up to date comparables to evaluate the value of the property prior to contract negotiations. There are many intricate details that an experienced Realtor® will know or can advise you to research which will help eliminate costly errors if you were handling a purchase without Representation.

Find an Agent. How do you do that?

If you’re reading this, you’re probably on the Internet. One key to a successful relationship between a real estate agent and their client is that, in addition to representing your interests competently, they educate you about the process as it unfolds. So don’t simply look for property on the web – look for an agent that informs you about the process.

Referrals are always a good way to go. Perhaps a friend, co-worker, or family member recently bought a house in the same community and had a good experience. However, if they bought a house twenty miles from where you want to move, it may not be a good idea to use the same Realtor.

You want an agent who knows the area in detail and has already previewed many of the homes available for sale in that community. Community knowledge should be important to you because you are not just buying a house. You are buying a home in a local neighborhood in a specific community. Every Realtor can show you every property available for sale in the Multiple Listing Service. Since that is true, you can call any real estate office and find a Realtor willing to show you houses for sale. The problem is that you do not know if you are talking to an excellent Realtor or a lazy inactive one.

– Interview the Realtor®: First, meet with a Realtor®, meet with

two or three. Be honest and let them know you are interviewing agents for Buyer Representation. Find a Realtor® that you feel a connection with. Interview the Realtor®, ask for references, and contact their office manager or Broker, if you like. If your Realtor® came recommended to you, then you will still want to meet with them and have them go through the process of finding a property and the process of completing the purchase. Go to the Arizona Department of Real Estate to research a licensee. Verify they are a member of the National Association of Realtors which follows a strict Code of Ethics. Do they provide you with valuable information and make you comfortable to work with them? Are they listening to your needs? Have they explained Agency Relationships with you? It is extremely important during the process of purchasing a property to make sure your agent is representing you.

Starting the Finance Process:

The Realtor® may have a lender or a few that you can interview. Feel free to ask for references on any referrals you are given. In most cases, a Realtor® has worked with some lenders that have proven to be very honest, fair and diligent to their customers. The Realtor® may request personal identifiable information such as social security numbers, current or past residence’s, place of employment, length of employment, cash down payment, if any.

 

– Be careful what you Buy: Please make an important note during your purchase where financing is involved, It is not a good idea to finance any purchases while acquiring financing for a property. Financing a new car, new furniture or new washer and dryer should be avoided. Wait until after closing to make any big purchases or speak to your lender BEFORE you finance anything else during this process.

– A Thing not to do before buying a home: No major purchases of any kind. When a lender reviews your loan package for approval, one of the things they are concerned about is the source of funds for your down payment and closing costs. Most likely, you will be asked to provide statements for the last two or three months on any of your liquid assets. This includes checking accounts, savings accounts, money market funds, certificates of deposit, stock statements, mutual funds, and even your company 401K and retirement accounts. If you have been moving money between accounts during that time, there may be large deposits and withdrawals in some of them. The mortgage underwriter (the person who actually approves your loan) will probably require a complete paper trail of all the withdrawals and deposits. You may be required to produce cancelled checks, deposit receipts, and other seemingly
inconsequential data, which could get quite tedious. Perhaps you become exasperated at your lender, but they are only doing their job correctly. To ensure quality control and eliminate potential fraud, it is a requirement on most loans to completely document the source of all funds. Moving your money around, even if you are consolidating your funds to make it “easier,” could make it more difficult for the lender to properly document. So leave your money where it is until you talk to a loan officer.

 

– Research Zero Down Payment Options: Speak to your lender and Realtor® about current mortgages, first time homebuyer mortgages and zero down payment programs available for those with minimal to zero funds on hand.