Why to Work with a Realtor® when Buying or Selling a Home.
Buying or selling a home is a daunting task. But what is the difference between a real estate agent and Realtor®? And, how do they improve the home buying or selling process?
Simply, all Realtors® are licensed real estate agents, but not all real estate agents are Realtors®.
While both are licensed professionals, Realtors® are a group of real estate agents who specifically participate in the national, state and local Realtor® associations. Notably, Realtors® hold themselves to a higher standard of ethics, when compared to licensing requirements of a typical real estate agent.
Realtors® are professionals who have detailed, up-to-date knowledge on the legal and financial aspects of the home buying and selling process. They understand the local real estate market and can interpret market analysis, pricing trends, appraisals, and mortgage terms. This helps ensure that buyers and sellers are fully informed of all the available options and make the best decision with regards to their property transaction.
By working with a Realtor®, homebuyers and sellers can have peace of mind knowing that their interests are being represented. Realtors® are familiar with negotiation tactics and can effectively advocate on their clients’ behalf. Additionally, they can provide sound advice throughout the process and make sure that their clients adhere to all the regulations and contracts associated with the purchase or sale of a home.
Using a Realtor® when buying or selling a home is a great idea because it saves a considerable amount of time. Realtors® will take care of the research process and the legwork to help find the most suitable property. In addition, they have solid connections with lenders, home inspectors, title and escrow companies, and other professionals, ensuring that the home transaction is processed quickly and efficiently.
By working with Realtors® buyers and sellers are also able to benefit from the agents’ expertise in marketing. Experienced Realtors® understand buyers’ needs and can help sellers boost their property’s exposure on popular listings websites. Furthermore, they are also aware of housing inventory, supply and demand of a certain area, which can help sellers arrive at the right asking price for their property.
Lastly, working with a Realtor® is financially beneficial for homebuyers and sellers because a well-informed Realtor® will help you negotiate a better deal. For example, a typical FSBO (For Sale by Owner) sale price in 2022 was $225,000 when compared to $330,000 for agent-assisted home sales.
Overall, working with a Realtor® when buying or selling a home has many advantages. Realtors® provide their clients with valuable knowledge and experience, enabling them to make well-informed decisions. Furthermore, they can save a great deal of time and effort by taking care of the research, negotiation and marketing aspects of the transaction. And, in the end, they help you maximize the value of your deal.
To see how Team Sobiko’s Realtors® may assist you, please visit our underwriting, commercial or residential service pages.
This publication was created with the help of artificial intelligence software, which was then reviewed and edited for accuracy by a Team Sobiko staff member.
