What a REALTOR® Can Do
Buying a home is a big commitment–financially and emotionally. It’s one of the biggest decisions most consumers will make. Buying a home is a significant financial transaction that can have far-reaching implications–especially if handled incorrectly.
When you’re buying a home, it’s wise to work with a professional you trust–a REALTOR®. Your REALTOR® can be the most important ally you have during the purchase of a home. But not all real estate agents are REALTORS®. REALTORS® go beyond minimum requirements to provide the very best service to their clients. Only those who belong to an association of REALTORS® can call themselves by that term.
Finding an Agent: The Advantages of Using a REALTOR®
How do consumers find their agents? Most use the recommendations of friends, neighbors or relatives. But don’t just settle on any old agent. Make sure your agent is a REALTOR®. How do you know? Simple. Ask.
Some people decide to handle their home purchase or sale without the assistance of a real estate professional. What are they missing out on? Here’s just a sampling of benefits from using a REALTOR®:
Trust: REALTORS® must follow a code of ethics, which means they owe their clients full fiduciary duties, including loyalty, confidentiality, accountability and full disclosure of all pertinent facts. Essentially, a REALTOR® is a consumer’s trusted advocate.
Getting a great deal: REALTORS® know their stuff–and they know the market. Your REALTOR® can tell you what similar properties have sold for in your target area; how long they were on the market; how they compare; and whether they’re overpriced, underpriced, or a fair value. That knowledge helps you get the best deal possible.
Negotiation: Your REALTOR® has been to the bargaining table many times on behalf of clients. One of their most important jobs is to help you get the price you want on the home you want–whether it’s a buyer’s, seller’s, or neutral market. Because your REALTOR® often has this information at the ready, it will put you in a position to negotiate the best price and take advantage of any opportunities.
Deciphering contracts: Negotiation and contracts go hand in hand, and your REALTOR® is a pro at facilitating this process. In fact, REALTORS® have at their disposal dozens of forms and contracts for all types of circumstances, and most of these forms are not available for use by agents who are not REALTOR®.
Finding just the right home and neighborhood: If it’s a house in the hills you want, a bungalow in an inner-city enclave, or an estate in the suburbs with great schools, a REALTOR® can help you find it. Knowing the market like the back of their hand is yet another advantage to using a REALTOR®.
Training that’s second to none: All REALTORS® are members of the NATIONAL ASSOCIATION OF REALTORS®, following codes and standards that ensure REALTOR® offer the highest levels of service and integrity. NAR also ensures that its members are as highly trained as possible to best serve their clients–so the buying and selling process goes smoothly.
Financing help: At its heart, the buying and selling of homes are complex financial transactions. REALTORS® deal with these every day, so they are well-versed in financing options for consumers. Because of this knowledge, your REALTOR® can be an invaluable resource for sorting through pre-qualification, approval and even negotiation of mortgage rates. And, through their network of contacts, REALTOR® can help you find the lender that can best meet your needs.
Source: Texas Association of REALTORS®