If you're thinking of buying or selling a home, you may wonder if you should use a Realtor or go it alone. Before you make that decision, here are 5 things to consider.
1. What do you do with all the paperwork?
Each state has different regulations regarding the contracts required for a successful sale, and these regulations are constantly changing. A true Real Estate Professional is an expert who can guide you through the stacks of paperwork necessary to make your dream a reality.
2. OK, so you found your dream house. Now what?
According to the Orlando Regional REALTOR Association, there are over 230 possible actions that need to take place during every successful real estate transaction. Don't you want someone who has been there before, who knows what these actions are, to make sure that you acquire your dream? Maybe you're not convinced that you need a Realtor to sell your home. However, after looking at the list of parties that you need to be prepared to negotiate with, you'll see there's value in selecting a professional. From the buyer (who wants the best deal possible and will probably be represented by a Realtor), to the home inspector, to the appraiser and the title company, there may be a dozen different people that you will have to be knowledgeable with and answer to during the process. Not only is it important for your home to be priced correctly from the start, to attract the right buyers and shorten the time that it's on the market, but you also need someone who is not emotionally connected to your home, to give you the truth as to your home's value. According to the National Association of REALTORS , "the typical FSBO home sold for $184,000 compared to $230,000 among agent-assisted home sales." There is so much information out there on the news and the Internet about home sales, prices, mortgage rates; how do you know what's going on specifically in your area? Who do you turn to, to tell you how to competitively price your home correctly at the beginning of the selling process? How do you know what to offer on your dream home without paying too much, or offending the seller with a low-ball offer?
3. Are you a good negotiator?
4. What is the home you're buying/selling really worth?
5. Do you know what's really going on in your market?
Hiring a professional who knows the market will make your buying/selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.
City of Santa Fe 2017 Home sales up 26% from 2016.2017 Santa Fe MLS 1s
"“This letter is to commend Peter Kahn. He recently helped my ex-wife and me through a very difficult and complicated short sale. His expertise is beyond what one would expect of a real estate broker. Without his dogged determination, the closing would not have happened. Through the lengthy process, I was ready to give up several times; Peter never wavered. Never has anyone deserved a commission more.
The transaction involved a significantly overpriced house, a disorganized first mortgagee, a stubborn second mortgagee, an ex-wife and her attorney, impatient buyers unfamiliar with the short sale concept.
Peter navigated rough and uncharted waters with grace and confidence. I strongly recommend him especially to anyone facing a short sale situation and also for regular real estate needs as well.
Peter is a first class gentleman and the ultimate professional. I hope that you and Peter will be comfortable using me as a reference for his services.”"