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what does a realtor really do?
Posted On: Feb 20, 2017
For most people, the purchase of a home is the largest single investment in their lifetime. There are many complex aspects of a residential and commercial real estate transaction, which make a real estate agent imperative in having the process go smoothly and effectively. A realtor is a service provider to their clients in residential and commercial real estate needs. Whether it is in transition or relocation, a realtor can help you every step of the way. Here are 5 things a realtor really does.
Have you ever met a realtor? They are typically outgoing and friendly (if they aren’t, you may want to keep looking!), but firm. This is someone whom you want working on your behalf when trying to stay in your budget! It can be stressful to negotiate a home, so leave it to the experts!
2. Problem solver
When you are adding in all the people involved in the selling or purchasing of a house, there are bound to be problems. A transaction may involve the counsel of an attorney for legal advice, an accountant for financial and tax advice, a mortgage lender to finance the transaction, an appraisal required by most bank loans, a professional home inspector, an insurance agent, and a title company to prepare the closing documents and record the deed. With all of these people, you need someone working on your behalf to coordinate everyone and solve the problems that may arise.
3. Provide market advice and know the market trends
There’s a lot more to the housing market then high season being summer and low season being winter. Agents are able to provide you with the advice needed to make educated decisions in the buying or selling of your house.
4. Financial Advisor
Montana is a non-disclosure state for real estate sold prices. Buyers and sellers should not rely on a “Guestimate” of value from an online web site. Those opinions are just that – a guess. Real estate agents and appraisers are the only professionals with access to real estate sold data through the local Multiple Listing Service. One of the most common forms of property valuation is the comparative sold data- what buyers were willing to pay for a comparable property within the last 3 to 6 months. Appraisers can charge $600 to $800 or more for a residential property valuation and take up to 4 weeks to complete. Real estate agents can provide very similar data as part of the sale transaction in a matter of hours. A buyer may look at 10 to 20 homes or more before finding the one they want to purchase. It is not practical to pay for an appraisal on every home where a buyer has interest. An experienced real estate agent can provide most all of the local market data needed to help determine if that home is a good value.
5. marketing expert
At Coldwell Banker RCI Realty we have a marketing team working on your behalf. Between making flyers, posting the home on social media, sending email blasts when a new listing comes or a price change occurs, and blogging, your home is sure to reach thousands of consumers’ eyes!
Most people will only buy 1 or 2 homes in their lifetime. Real estate agents are licensed, educated and insured to provide the best possible service to someone buying or selling a home. Real estate agents can help with pricing your property, showing and marketing your property, negotiating the best possible deal, coordinating all of the forms and professionals involved in a transaction and shorten your search time for a new home so you can get on with life.
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