Wednesday, October 16, 2013

Why You Need a Real Estate Agent

Home buyers and sellers today have access to an array of real estate search tools from computers, iPads and even mobile phones. Quick access to market data has truly benefited the initial property search, but to ensure a smooth home purchase or sale you'll need the help of a real estate professional.

Listing a Home
When selling your home, the goal is to get the greatest amount of money in the shortest amount of time and with the least amount of inconvenience. However, according to the National Association of REALTORS® (NAR), a typical For-Sale-By-Owner (FSBO) home sold for $40,000 less than an agent-sold home. It all comes down to expertise.

In addition to staging your home, pricing it well, negotiating with the buyers and scheduling showings, your real estate agent will be an expert in marketing your property. Staging and professional photography are key to attracting potential buyers. Your REALTOR will also manage contract creation and ensure the entire process moves smoothly. A survey of FSBO sellers reported that understanding and performing the high volume of paperwork was the most difficult task, followed by correct pricing and home staging.

Buying a Home
Without a doubt, most home buyers search for properties online - 90 percent, according to NAR - but the actual process of buying a home is much more involved and complicated than scheduling showings.

When purchasing a property, you'll need someone who can negotiate the price, write up the necessary contract, work with the seller to push the transaction through, recommend the right home inspectors and vendors, interpret crucial mortgage data and generally manage the whole process. In a NAR survey, 40 percent of buyers reported the mortgage application and approval process to be more difficult than they expected.

Your home is your most precious financial asset. Put it in the hands of a real estate expert. I know the business, the Lexington area and have the full resources of Grant Cole Realtors so I can help you with all of your home buying or selling needs. Feel free to contact me with any questions about the market or your next steps.

Theresa D'Antuono

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