Virginia Beach Realtors
All real estate licensees are not the same. Only real estate licensees who are members of the NATIONAL ASSOCIATION OF REALTORS® are properly called REALTORS®. They proudly display the REALTOR “®” logo on the business card or other marketing and sales literature. REALTORS® are committed to treat all parties to a transaction honestly. 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. An independent survey reports that 84% of home buyers would use the same REALTOR® again.
Real estate transactions involve one of the biggest financial investments most people experience in their lifetime. Transactions today usually exceed $100,000.00. If you had a $100,000.00 income tax problem, would you attempt to deal with it without the help of a CPA? If you had a $100,000.00 legal question, would you deal with it without the help of an attorney? Considering the small upside cost and the large downside risk, it would be foolish to consider a deal in real estate without the professional assistance of a REALTOR®.
But if you’re still not convinced of the value of a REALTOR®, here are a dozen more reasons to use one:
1. When selling your home, a REALTOR® can give you up-to-date information on what is happening in the marketplace and the price, financing, and terms and condition of competing properties. These are key factors in getting your property sold at the best price, quickly and with minimum hassle.
2. REALTORS® market your property to other real estate agents and the public. Often, a REALTOR® can recommend repairs or cosmetic work that will significantly enhance the salability of your property. In many markets across the country, over 50% of real estate sales are cooperative sales; that is, a real estate agent other than yours brings in the buyer. REALTORS® act as the marketing coordinator, disbursing information about your property to other real estate agents through a Multiple Listing Service or other cooperative marketing networks, open houses for agents, etc. The REALTOR® Code of Ethics requires them to utilize these cooperative relationships when they benefit my clients.
3. A REALTOR® will know when, where and how to advertise your property. There is a misconception that advertising sells real estate. The NATIONAL ASSOCIATION OF REALTORS® studies show that 82% of real estate sales are the result of agent contacts through previous clients, referrals, friends, family and personal contacts, although buyers start tier search online. When a property is marketed with a REALTORS® help, you do not have to allow strangers into your home. A REALTOR® will generally prescreen and accompany qualified prospects through your property.
4. A REALTOR® can help you objectively evaluate every buyer’s proposal without compromising your marketing position. This initial agreement is only the beginning of a process of appraisals, inspections and financing — a lot of possible pitfalls. REALTORS® can help you write a legally binding, win-win agreement that will be more likely to make it through the process.
5. A REALTOR® can help close the sale of your home. Between the initial sales agreement and closing (or settlement), questions may arise. For example, unexpected repairs are required to obtain financing or a cloud in the title is discovered. The required paperwork alone is overwhelming for most sellers. Virginia Beach Estates can objectively help you resolve these issues and move the transaction to closing (or settlement).