Your chosen real estate professional will help you determine the best price for a quick sell and highest price that buyers are willing to pay. If you price your home at too high of a price, your home may not sell at all and if it is priced too low you will miss out on potential profit.
Your real estate professional will present all offers submitted for your home. Review them with your real estate professional. They will be able to go over the pros & cons of every offer and help you determine the strongest offer.
Once negotiations have been completed, you will begin escrow. Your buyer will have a period to complete all inspections and submit any requests for repairs, concessions or even walk away from the deal. Once escrow has been completed you will sign final documents and close.
At close of escrow the buyer will be the legal owner of the home. You will need to be packed and out of the home upon close of escrow, unless you had an agreement in the offer to have possession of the home for a certain period of time.
Real estate professionals are current in market trends, laws and local housing trends. Their sole focus is on helping clients sell and buy homes with the least amount of stress. They rely on this education and experience to help their clients achieve the best price for their home, whether they are selling or buying.
To quote Michael Shapot, REALTOR Keller Williams New York City, "A real estate agent provides a client with peace of mind that a deal will make it to the closing table - at the best price, with the greatest likelihood of an on-time closing and with the least amount of stress. Ultimately a big part of an agent's function is to address three key fears that every client experiences: fear of missing out, fear of making a mistake and fear of being taken advantage of."
Real Estate Professionals are masters at the negotiation table. According to a 2021 report from NAR (National Association of REALTORS) homes sold with the assistance of a real estate professional sold on average for $318,000 compared to a FSBO (For Sale By Owner) at a low price of $260,000. A real estate professional will help you determine the right asking price for your home based on comparables in your area. If you are buying a home, a real estate professional will help you determine if the asking price is too high. They will also help in negotiating the contingencies and other contract details.
Real estate professionals are no stranger to paperwork and deadlines. Real estate professionals will keep their clients on task with inspection deadlines, contingency deadlines, required documents and everything in between. Real estate professionals will save their clients valuable time.
Real Estate Professionals have proven and trusted relationships with Service Professionals in the real estate industry. If you are looking for a home inspector, they will have one that comes highly recommended, because they have or know other real estate professionals that have used their services. When service providers fail at providing services to a certain level, most real estate professionals will find someone that can and will. The real estate professionals' reputation is on the line and they will not tolerate anything less then top-notch service that they can recommend to their clients.
Real estate professionals have several avenues for marketing your home. Knowing the best ways to advertise your home either through social media, networking, and of course the MLS (Multiple Listing Service), taking pictures and videos that showcase your home the best, holding Open Houses and print media. They is no doubt that your home will get a broader exposure when using a real estate professional.
Lastly, and maybe a very strong factor in choosing to use a real estate professional is that they are objective. Selling and buying a home can become a very emotional journey. Real estate professionals do not have sentiment attached to the home their client is selling or hoping to buy. They will be able to be objective when guiding their clients to the closing table.
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