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 Realtor To Sell Your Home in California?
What can you expect to pay for your realtor? You will want to pay for the expertise, because every penny you pay for a realtor who is good at what they do is worth it.
The standard pay for a realtor is anywhere from 4%-6% of the total sale price as a base. The realtor will negotiate a commission based on the money that is spent listing the home, showing the home, legal fees, and their commission.
Record sales prices have caused fluctuations in the fees that are paid tor realtors. However a good realtor will know what they are worth, and also know the amount of work that they will put into getting you the right deal.
On average a home that is listed and sold by a good realtor, will sale for roughly $20,000 more than taking it one yourself. This is due to the experience and expertise used in negotiating the price of the sale of the home.
If you are only going to have a realtor that helps with the finishing paperwork, you will usually pay around 3%. However you will be responsible for the advertising, showing the home etc. They will help with the legalities, in order to make sure there are no costly mistakes.
Finally you have the full service from the realtor. This is complete with advertising, showing, negotiations, and closing completion. The cost for the commission is around 4-6%. The cost is worth it when the overall sell of the home is for much more.
Whichever option you choose for selling your home, research the options you have so that you can make an informed decision. It is often times wiser to let the professionals do their job. Just be sure to take the time to choose the right professional for you.
7 Tips to Real Estate Agents' Success
I'm sure you've heard many arguments whether or not a Realtor is better at selling your home than you are. Every Realtor, without fail, will tell you that they can sell your home faster and for more money than you can. They will even have statistics to prove their point. On the flip-side, almost every "For Sale By Owner" site on the web will tell you the opposite. So who do you believe when both parties are self-serving?
Being a Realtor with a working team and also the CEO of a For Sale By Owner website, I will attempt to take an unbiased approach to this argument and cover the pros and cons of each stance. There are 4 points that a Realtor will base their arguments on and so I think it is only fair to address each of these points.
4 Points Or "Arguments" A Realtor Will Make
1. A Realtor can price your home more accurately.
2. A Realtor can negotiate the deal better than you can.
3. A Realtor can sell your home for more money.
4. A Realtor can sell your home faster.
So let's ask each question and talk about the real answers. For the sake of this discussion, let's first assume that the Realtor we are talking about here is an experienced agent that sells more than 12 homes per year. Why is that important? Because over 80 percent of Realtors sell 3 or fewer homes per year and cannot truly make any of the arguments listed above. How can they? The agents that only sell 3 homes per year have to relearn the business on almost every deal. This is true across the industry. There are too many "part-timers" for these arguments to be a blanket statement for every Realtor.
CAN A REALTOR PRICE YOUR HOME MORE ACCURATELY THAN YOU CAN?
Up until a few years ago, the answer was most definitely "Yes" but that has recently changed. Let's compare.
It is true that, on average, Realtors price homes more accurately than a FSBO seller will. Realtors have resources available to them to see all of the recent sales in any given neighborhood. They can also see all of the available homes currently on the market. By analyzing this data, they can make a fairly accurate prediction of what a home should sell for and even how quickly it should sell.
Seller - For Sale By Owner
Most sellers price their home based on what they "think" their home should be worth. Their pricing is based on very little accurate data other than what other homes are currently priced at that are still on the market. No Realtor would ever... or rather, should never base a price on what is for sale but rather what has sold. With today's technology and the resources on the web, a seller can spend as little as $16.95 and get the same information that a Realtor uses. Now for the tricky part... forget any notion that your home is better than any other seller's home. Use this report and base your price on hard data and you can price your home as accurately as a Realtor.
One important detail to consider here is the fact that a Realtor's service is free to buyers. Because these services are free, they would be foolish not to employ a Realtor. Realtors will NOT show a FSBO home unless they know they will get paid a commission. Plus, the MLS is the only place most Realtors conduct a home search for their clients. It would behoove you to list on the MLS if you are not seeing immediate success selling without the MLS.
Winner - Tie in regards to traffic and exposure ... comparing a Realtor to FSBO without MLS exposure.
Winner - For Sale By Owner Seller ... comparing a Realtor to FSBO with Flat-Fee MLS option.
So what does this all mean? It means that times are changing. There are enough resources available to you, the "For Sale By Owner" home seller to allow you to sell successfully, quickly and for top dollar. There are times when the need for a Realtor are real and necessary. Their expertise, experience and dedication to help ease your stress during these potentially difficult times can be worth every penny you pay. If you have the money and the ability to enlist the aide of a Realtor, then I feel confident in saying that you will not be sorry. However, if money is tight or you have the time to educate yourself on real estate, then you will be greatly rewarded. Good luck!