You could buy a home without a realtor, and some people do. That is where the term FSBO (for sale by owner) comes from. However, most homeowners do not have the time necessary to know their market or what to disclose when it comes to buying or selling property.
All realtors who call themselves a realtor must take education courses to maintain their license. In addition, some will attend a series of courses to obtain a designation.
I, with several others, have been in the process of taking the several courses necessary to get a Council of Residential Specialist (CRS) Designation. For details, go to www.CRS.com.
We have learned about absorption rates, how to track market trends within different price points, and the latest trends in marketing listing strategies. One of the many take-a-ways discussed was the relevance of a realtor.
In this current market some think all you need to do is put a sign in your front yard.
I was taken back by the over 180 reasons discussed on why a buyer or seller should use a realtor. Therefore, I’d like to highlight a few.
Make and confirm appointments
Review pre-appointment questions
Research all comparables and sale activities from Multiple Listing Service (MLS) and other public records data bases
Review tax rolls
Prepare a Community Market Analysis (CMA)
Research deed type, land use coding, zoning, and deed restrictions
Prepare listing presentation packet
Give seller an overview of current market conditions and projection
Review company credentials
Present CMA results
Discuss goals and strategies
Once property is under
Review current title information
Verify number and room sizes
Square footage inside and out, lot size
Note any easements
Prepare showing instructions
Obtain current mortgage information
Verify HOA fees
Prepare list of amenities and assess market impact
List completed repairs/upgrades and maintenance items
Explain benefits of a home warranty
Review curb appeal and interior d