Posted on June 27, 2017
Is It Necessary To Hire A REALTOR To Buy Or Sell A Home In California?
Our goal as Realtors or Real Estate Agents is to provide each and every customer with the finest real estate service based on the highest standard of ethics, values, and client care. Realtors in Sacramento, CA accomplish this by placing our customer's interests first. This is our mission. We will live up to this in everything we do. Our success will always be measured by the happiness and the loyalty of our clients.
A Realtor sales associate can help you determine your buying power. You need to know how much house you can afford before you start the search. Your sales associate will provide detailed information on properties that meet your criteria from the Multiple Listing Service and other information resources only available to REALTORS®.
Only real estate licensees who are members of the NATIONAL ASSOCIATION OF REALTORS® are properly called REALTORS®. 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. They are committed to treat all parties to a transaction honestly. REALTOR® business practices are monitored at local board levels.
When you find a property you like, your Realtor sales associate will help you develop an offer including the offering price and other terms. The sales agent will advise you about the importance of a home inspection and other inspections required by law in your area. Your real estate agent is there to assist you throughout the buying process.
Buying home/property can be an exciting experience, whether this is your first purchase or one of many. The key to a successful purchase is working with an industry leader who knows the market and area you are interested in. Realtors are experts in their field and pride themselves on having a keen working knowledge of the real estate market. This is the competitive edge you want on your side when making your next real estate purchase. Realtors will make your buying experience an easy one by providing you with 100% buyer representation every step of the way.
When working with a team of Realtors who KNOW the local market, they can tell you which are the best buys, which homes are over-priced, and which homes will result in great resales one day will save you time, effort, money and stress.
Why list with a California REALTOR?
They have the experience and knowledge it takes to get your home sold at top dollar, no matter what the news may report about the real estate market. A good Realtor and her team of specialists will guide you through the entire process and offer valuable tips to consider if you are thinking about buying or selling your home.
Finding a Realtor or real estate agent in California is only the first step to buying or selling a house, but it's a crucial one. It's important that you don't pass up your dream home because you didn't know the conditions of the contract.
How To Find A Real Estate Agent Buyer?
A prominent city in Southern California, San Diego lies along the Pacific coastline. Proclaimed America's Finest City, San Diego is proud of its white, flawless beaches, coastal climate, and dazzling real estate. Individuals searching for homes for sale San Diego will discover that this city by the sea has much to offer everyone.
Nature's Beauty Surrounds Homes for Sale San Diego
Residing close to the Pacific Ocean, homes for sale San Diego are enveloped by a warm, coastal climate and bright, sunny skies. With sandy beaches, ample desert land, and expansive canyons, homes for sale San Diego are encompassed by the luxury of the earth. With location playing a major factor, temperatures range in the 70s throughout the year, with beach areas cooling at night time.
Homes for sale San Diego are also located among a variety of entertainment and recreational venues. Animal enthusiasts hear homes for sale San Diego can visit the world famous San Diego Zoo, or take a trip to Sea World of California. Residents interested in art can head to the Spanish Village Art Center in Balboa Park or the newly renovated Museum of Photographic Arts. Homes for sale San Diego are truly blessed with beautiful coastal landscape and ideal temperatures all year round, so outdoor activities such as fishing, surfing, hiking, and swimming a constant option. Prime location is just another one of the many perks that living in the San Diego area provides to its residents.
What Are Ways To Sell Your California Home?
Should you, as a homeowner, looking to sell your home, consider selling the property yourself or take the conventional route and engage a Realtor? That is the preverbal $64,000 question - or if you use the national average sale price of existing homes of $268,000 - the $16,000 question. Based on pure value, this is a question that really should at least merit consideration.
Obviously For Sale by Owner (FSBO) is not for everyone. I really don't know why that statement has to be made - NOTHING (with the exception of air and water) is for everyone. Now back to the point at hand.
Why should you consider FSBO:
First and foremost - you save money - simple statement to make. How do you save money? You don't pay the typical 6% real estate commission associated with a real estate brokered listing and sale. This isn't just any money - it is your tax free (usually) home equity. Money that you have ultimately earned either through appreciation, home improvement, sweat equity or savvy real estate investment. Anyway you slice it, it's YOUR money. It is often said buying a home is the single most important and largest purchase of an individual's life. Does it not stand to reason that selling a home represents the single most important "Sale" of an individual's life? The National Association of Realtors will tell you that FSBO homes sell for 16% less then Realtor sales. The problem with their calculations is they use a flawed formula to support their argument - they use a MEDIAN price as opposed to an AVERAGE price. The median is a "middle number" in a series of numbers - the average is a sum of all numbers divided by the total number - which is what as a homeowner cares about.
Another consideration is that an FSBO can take all or part of the real estate commission savings and deduct it from the price of their home to expedite a sale. This works great in a "soft" market or if you simply have to sell your home in a limited amount of time. Consider this example (I have used this unlikely scenario purely to make my point). You own a 1300 Sq ft - 2 bedroom/2 bathroom condo. Your adjacent neighbor has the exact same unit with the same level of finish and has listed it with a Realtor for $485,000. Calculate the 6% real estate commission in to the equation and best case your neighbor walks away with $455,900 - that leaves you with $29,100 to negotiate. If I'm a buyer and I see the exact same condo next door for $30K less I can tell you which one I am buying!!! To be honest, I'm going to buy it if I can save ANYTHING! This works very well if you bought in a strong real estate market and the market has now softened to the point that you actually paid more then you can sell it for. Selling FSBO may allow you to at least keep your head above water - remember we are talking 6% of the value of your property.
You do not possess any sales or marketing skills. I know it's not easy to admit, but if you are an introvert - forget it. Most successful Realtors are extroverts and spend countless hours attending social functions, clubs, associations, golf courses (sorry had to throw that in) to generate leads and contacts. They have usually taken countless sales training courses and most importantly, they know how to close a deal.
Multiple Listing Service (MLS) - this in my opinion is the single most important advantage that Realtors have over FSBO. The MLS is made up over approximately 500 individually owned and operated MLS organizations. It is essentially a nationwide repository of existing properties available for sale. It provides both realtors and buyers alike an opportunity to locate properties using a number of search criteria including, but not limited to, geographic location, size, price, bedrooms, bathrooms etc. There are two factors to consider here - one - you can buy a Flat Rate MLS at either a national or county level and take advantage of the marketing exposure that MLS provides - it will cost you in the range of $299 - $599 and an agreement to pay 2 - 3% to a selling agent if a Realtor sells your home. You do however maintain the right to sell your property yourself without paying a commission fee. As far as "quality" of exposure goes, I truly believe that an online FSBO listing is superior (in appearance and functionality) to an MLS or realtor listing. That said, no FSBO website enjoys the level of traffic and potential buyers offered by Realtor.com.
In conclusion, obviously undertaking a successful For Sale by Owner is not for everyone - we can all agree on that statement. Is it worth a try - definitely!