Realtor Vs FSBO An Unbiased Comparison

Izvor: KiWi

You can look through any real estate directory and find hundreds of realtors that would love to represent you as a buyer in this market. After all, the deals are so plentiful, you can hardly go wrong. The challenge is that while there are ample realtors out there, not all of them are familiar with the ins and outs of real estate investing. To find out if you're working with a qualified investing realtor, it's important to ask a few questions:

When it comes to finding a property or selling your property, both of them can help you. On many occasions the realtor will hire the agent himself. When this happens, the agent's behavior and his performance is the responsibility of the realtor and you no longer have to worry. The agent will follow the high code of ethics that are set by the more experienced realtor. It is also important to mention that each one has its own pros and cons.

Communication is essential during the entire process. You need to know the realtor you select will provide you with a regular update on the efforts he or she is making to sell your house, or find you the home of your dreams. This includes any advertisements, feedback, showings, and other relevant information.

Of the homes sold across the nation, 20 percent are sold by the owners, without a realtor. Surveys show that the primary reason is money, the sellers wish to save the cost of a realtor's commission, which usually ranges between five and seven percent of the purchase price of the home. Unfortunately, many of these owners end up regretting their decisions, because it costs them that five-to-seven percent or more due to unexpected pitfalls in the sale.

The real estate market is crazy these days. For sellers, it's almost literally a depression out there. Most are underwater with their home mortgages with no relief in sight. But for prospective investors, the real estate depression of the early 21st Century creates abundant buying opportunities. But for investors to make sure they're getting the most for their money, it is always best to utilize the services of a top tier realtor who knows what you're trying to accomplish.

Those searching for properties, should remember that buying a property online is not similar to buying other products. Although, the realtor's website can provide good information about property in Santa Clarita for sale, and help to search a bigger area, but make sure you narrow down the search to a selected few, and visit the seller and the property sight in person before buying.

Once you find a realtor in Santa Clarita, feel free to ask as many questions as you need to in order to make sure he or she is the right person for the job. Not only will you want to ask how long they have been in business, but you should also ask to provide information on their average list price to sale price ratio, how long houses they represent tend to sit on the market, and above all else, how they plan to represent you and put your real estate needs first.

For buyers, realtors first help you to determine just how much you can afford to pay for a home, it is generally more than most people believe. They then weed through the myriad of homes that are on the market, matching potential homes to your purchase specifications. They arrange to show the homes to you, assisting in what to look for, what questions to ask, and after-showing discuss with you possible problems or good points of the home. Realtors assist you in making an appropriate offer. They do all of the negotiations for you, representing your best interests, which is especially important when a seller has a professional representing them. Once your offer is accepted, the realtor may even suggest mortgage lenders and accompany you to your first meeting. Your realtor then works with the seller's representative to ensure all inspections, appraisals, title searches, and permitting is properly completed, negotiating for you resolutions to any bad inspections. Again, working with the seller's representative, the realtor coordinates a real estate attorney for you, as well as the closing.