Real Estate Guide - Volume 25 Issue 16 - (Page 82) 82 REAL ESTATE GUIDE Why Use a REALTOR®? View Online at www.yournewhome.com MISSISSIPPI GULF COAST All real estate licensees are not the same. Only real estate licensees who are members of the NATIONAL ASSOCIATION OF REALTORS® are properly called REALTORS®. They proudly display the REALTOR “®” logo on the business card or other marketing and sales literature. REALTORS® are committed to treat all parties to a transaction honestly. REALTORS® subscribe to a strict code of ethics and are expected to maintain a higher level of knowledge of the process of buying and selling real estate. An independent survey reports that 84% of home buyers would use the same REALTOR® again. Real estate transactions involve one of the biggest financial investments most people experience in their lifetime. Transactions today usually exceed $100,000. If you had a $100,000 income tax problem, would you attempt to deal with it without the help of a CPA? If you had a $100,000 legal question, would you deal with it without the help of an attorney? Considering the small upside cost and the large downside risk, it would be foolish to consider a deal in real estate without the professional assistance of a REALTOR®. But if you’re still not convinced of the value of a REALTOR®, here are a dozen more reasons to use one: 1. Your REALTOR® can help you determine your buying power -- that is, your financial reserves plus your borrowing capacity. If you give a REALTOR® some basic information about your available savings, income and current debt, he or she can refer you to lenders best qualified to help you. Most lenders -- banks and mortgage companies - offer limited choices. 2. Your REALTOR® has many resources to assist you in your home search. Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your agent to find all available properties. 3. Your REALTOR® can assist you in the selection process by providing objective information about each property. Agents who are REALTORS® have access to a variety of informational resources. REALTORS® can provide local community information on utilities, zoning, schools, etc. There are two things you’ll want to know. First, will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell? 4. Your REALTOR® can help you negotiate. There are myriad negotiation factors, including but not limited to price, financing, terms, date of possession and often the inclusion or exclusion of repairs and appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required. 5. Your REALTOR® provides due diligence during the evaluation of the property. Depending on the area and property, this could include inspections for termites, dry rot, asbestos, faulty structure, roof condition, septic tank and well tests, just to name a few. Your REALTOR® can assist you in finding qualified responsible professionals to do most of these investigations and provide you with written reports. You will also want to see a preliminary report on the title of the property. Title indicates ownership of the property and can be mired in confusing status of past owners or rights of access. The title to most properties will have some limitations: for example, easements (access rights) for utilities. Your REALTOR®, title company or attorney can help you resolve issues that might cause problems at a later date. 6. Your REALTOR® can help you in understanding different financing options and in identifying qualified lenders. 7. Your REALTOR® can guide you through the closing process and make sure everything flows together smoothly. 8. When selling your home, your REALTOR® can give you up-to-date information on what is happening in the marketplace and the price, financing, terms and condition of competing properties. These are key factors in getting your property sold at the best price, quickly and with minimum hassle. 9. Your REALTOR® markets your property to other real estate agents and the public. Often, your REALTOR® can recommend repairs or cosmetic work that will significantly enhance the salability of your property. Your REALTOR® markets your property to other real estate agents and the public. In many markets across the country, over 50% of real estate sales are cooperative sales: that is a real estate agent other than yours brings in the buyer. Your REALTOR® acts as the marketing coordinator, disbursing information about your property to other real estate agents through a Multiple Listing Service or other cooperative marketing networks, open house for agents, etc. The REALTOR® Code of Ethics requires REALTORS® to utilize these cooperative relationships when they benefit their clients. 10. Your REALTOR® will know when, where, and how to advertise your property. There is a misconception that advertising sells real estate. The NATIONAL ASSOCIATION OF REALTORS® studies show that 82% of real estate sales are the result of agent contacts through previous clients, referrals, friends, family and personal contacts. When a property is marketed with the help of your REALTOR®, you do not have to allow strangers into your home. Your REALTOR® will generally prescreen and accompany qualified prospects through your property. 11. Your REALTOR® can help you objectively evaluate every buyer’s proposal without compromising your marketing position. This initial agreement is only the beginning of a process of appraisals, inspections and financing -- a lot of possible pitfalls. Your REALTOR® can help you write a legally binding, win-win agreement that will be more likely to make it through the process. 12. Your REALTOR® can help close the sale of your home. Between the initial sales agreement and closing (or settlement), questions may arise. For example, unexpected repairs are required to obtain financing or a cloud in the title is discovered. The required paperwork alone is overwhelming for most sellers. Your REALTOR® is the best person to objectively help you resolve these issues and move the transaction to closing (or settlement). This Ad is Furnished by: Gulf Coast Association of REALTORS®, Biloxi / Ocean Springs Association of REALTORS® & The Real Estate Guide www.yournewhome.com
Table of Contents Feed for the Digital Edition of Real Estate Guide - Volume 25 Issue 16 Real Estate Guide - Volume 25 Issue 16 Real Estate Guide - Volume 25 Issue 16 - (Page 1) Real Estate Guide - Volume 25 Issue 16 - (Page 2) Real Estate Guide - Volume 25 Issue 16 - (Page 3) Real Estate Guide - Volume 25 Issue 16 - (Page 4) Real Estate Guide - Volume 25 Issue 16 - (Page 5) Real Estate Guide - Volume 25 Issue 16 - (Page 6) Real Estate Guide - Volume 25 Issue 16 - (Page 7) Real Estate Guide - Volume 25 Issue 16 - (Page 8) Real Estate Guide - Volume 25 Issue 16 - (Page 9) Real Estate Guide - Volume 25 Issue 16 - (Page 10) Real Estate Guide - Volume 25 Issue 16 - (Page 11) Real Estate Guide - Volume 25 Issue 16 - (Page 12) Real Estate Guide - Volume 25 Issue 16 - (Page 13) Real Estate Guide - Volume 25 Issue 16 - (Page 14) Real Estate Guide - Volume 25 Issue 16 - (Page 15) Real Estate Guide - Volume 25 Issue 16 - (Page 16) Real Estate Guide - Volume 25 Issue 16 - (Page 17) Real Estate Guide - Volume 25 Issue 16 - (Page 18) Real Estate Guide - Volume 25 Issue 16 - (Page 19) Real Estate Guide - Volume 25 Issue 16 - (Page 20) Real Estate Guide - Volume 25 Issue 16 - (Page 21) Real Estate Guide - Volume 25 Issue 16 - (Page 22) Real Estate Guide - Volume 25 Issue 16 - (Page 23) Real Estate Guide - Volume 25 Issue 16 - (Page 24) Real Estate Guide - Volume 25 Issue 16 - (Page 25) Real Estate Guide - Volume 25 Issue 16 - (Page 26) Real Estate Guide - Volume 25 Issue 16 - (Page 27) Real Estate Guide - Volume 25 Issue 16 - (Page 28) Real Estate Guide - Volume 25 Issue 16 - (Page 29) Real Estate Guide - Volume 25 Issue 16 - (Page 30) Real Estate Guide - Volume 25 Issue 16 - (Page 31) Real Estate Guide - Volume 25 Issue 16 - (Page 32) Real Estate Guide - Volume 25 Issue 16 - (Page 33) Real Estate Guide - Volume 25 Issue 16 - (Page 34) Real Estate Guide - Volume 25 Issue 16 - (Page 35) Real Estate Guide - Volume 25 Issue 16 - (Page 36) Real Estate Guide - Volume 25 Issue 16 - (Page 37) Real Estate Guide - Volume 25 Issue 16 - (Page 38) Real Estate Guide - Volume 25 Issue 16 - (Page 39) Real Estate Guide - Volume 25 Issue 16 - (Page 40) Real Estate Guide - Volume 25 Issue 16 - (Page 41) Real Estate Guide - Volume 25 Issue 16 - (Page 42) Real Estate Guide - Volume 25 Issue 16 - (Page 43) Real Estate Guide - Volume 25 Issue 16 - (Page 44) Real Estate Guide - Volume 25 Issue 16 - (Page 45) Real Estate Guide - Volume 25 Issue 16 - (Page 46) Real Estate Guide - Volume 25 Issue 16 - (Page 47) Real Estate Guide - Volume 25 Issue 16 - (Page 48) Real Estate Guide - Volume 25 Issue 16 - (Page 49) Real Estate Guide - Volume 25 Issue 16 - (Page 50) Real Estate Guide - Volume 25 Issue 16 - (Page 51) Real Estate Guide - Volume 25 Issue 16 - (Page 52) Real Estate Guide - Volume 25 Issue 16 - (Page 53) Real Estate Guide - Volume 25 Issue 16 - (Page 54) Real Estate Guide - Volume 25 Issue 16 - (Page 55) Real Estate Guide - Volume 25 Issue 16 - (Page 56) Real Estate Guide - Volume 25 Issue 16 - (Page 57) Real Estate Guide - Volume 25 Issue 16 - (Page 58) Real Estate Guide - Volume 25 Issue 16 - (Page 59) Real Estate Guide - Volume 25 Issue 16 - (Page 60) Real Estate Guide - Volume 25 Issue 16 - (Page 61) Real Estate Guide - Volume 25 Issue 16 - (Page 62) Real Estate Guide - Volume 25 Issue 16 - (Page 63) Real Estate Guide - Volume 25 Issue 16 - (Page 64) Real Estate Guide - Volume 25 Issue 16 - (Page 65) Real Estate Guide - Volume 25 Issue 16 - (Page 66) Real Estate Guide - Volume 25 Issue 16 - (Page 67) Real Estate Guide - Volume 25 Issue 16 - (Page 68) Real Estate Guide - Volume 25 Issue 16 - (Page 69) Real Estate Guide - Volume 25 Issue 16 - (Page 70) Real Estate Guide - Volume 25 Issue 16 - (Page 71) Real Estate Guide - Volume 25 Issue 16 - (Page 72) Real Estate Guide - Volume 25 Issue 16 - (Page 73) Real Estate Guide - Volume 25 Issue 16 - (Page 74) Real Estate Guide - Volume 25 Issue 16 - (Page 75) Real Estate Guide - Volume 25 Issue 16 - (Page 76) Real Estate Guide - Volume 25 Issue 16 - (Page 77) Real Estate Guide - Volume 25 Issue 16 - (Page 78) Real Estate Guide - Volume 25 Issue 16 - (Page 79) Real Estate Guide - Volume 25 Issue 16 - (Page 80) Real Estate Guide - Volume 25 Issue 16 - (Page 81) Real Estate Guide - Volume 25 Issue 16 - (Page 82) Real Estate Guide - Volume 25 Issue 16 - (Page 83) Real Estate Guide - Volume 25 Issue 16 - (Page 84) Real Estate Guide - Volume 25 Issue 16 - (Page 85) Real Estate Guide - Volume 25 Issue 16 - (Page 86) Real Estate Guide - Volume 25 Issue 16 - (Page 87) Real Estate Guide - Volume 25 Issue 16 - (Page 88) Real Estate Guide - Volume 25 Issue 16 - (Page 89) Real Estate Guide - Volume 25 Issue 16 - (Page 90) Real Estate Guide - Volume 25 Issue 16 - (Page 91) Real Estate Guide - Volume 25 Issue 16 - (Page 92)
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