101 Reasons to Consider a Real Estate Agent
Appreciating the Numerous Steps an Agent Takes for Homeowners
With more real estate resources available on the Internet, it may seem as if
buying and selling a home is an easy task. These 101 reasons will show you the
extent of knowledge and experience that an agent provides to help you through a
real estate transaction. This list reflects actions, procedures and processes
that a real estate agent may typically perform during a residential real estate
transaction - and are all things that you could avoid doing yourself.
Typical Pre-Listing Activities
1. Research Current Properties
2. Research Sales Activity from MLS and public records databases
3. Provide Average Days on Market Assessment
4. Review Property Tax Roll
5. Prepare a Comparable Market Analysis (CMA)
6. Verify Ownership and Deed Type
7. Verify County Public Property Records
8. Perform Curb Appeal Assessment
9. Provide Public School Value
10. Provide a Listing Presentation
11. Analyze Current Market Conditions
12. Present Credentials
13. Deliver CMA Results
14. Discuss Planning and Strategy
15. Explain Listing Contract, Disclosures & Addendum
16. Screen Calls from Buyers or Agents
17. Explain Homeowner Warranty
Selling the Property Activities
18. Review Title Details
19. Order Plat Map
20. Create Showing Instructions
21. Obtain Mortgage Loan Information
22. Review Homeowner Association Fees and Bylaws
23. Submit Homeowner Warranty Application
24. Add Homeowner Warranty in MLS
25. Review Electricity Details
26. Arrange Inspections for City Sewer/Septic Tank Systems
27. Collect Natural Gas Information
28. Provide Security System Status
29. Determine Termite Bond Status
30. Analyze Lead-based Paint Status
31. Distribute Disclosure Packages
32. Prepare Property Amenities
33. Detail Inclusions & Conveyances with Sale
34. Compile Repairs Needed List
35. Send Seller Vacancy Checklist
36. Install Lockbox
37. Make Copies of Leases for Rental Units (if applicable)
38. Verify Rents, Utilities, Water, and Deposits for Rentals
39. Inform Tenants of Listing for Rentals
40. Install Yard Sign
41. Perform Interior Assessment
42. Perform Exterior Assessment
Advertising and Marketing a Listing
43. Enter a Profile Sheet into the MLS Listing Database
44. Provide Copies of MLS Agreement
45. Take Additional Photos for MLS and Marketing
46. Create and Advertise Property Listing
47. Coordinate Showing Times
48. Create and Mail Flyers
49. Compare MLS Listings
50. Develop Marketing Brochure
51. Notify the Network Referral Program
52. Create Special Feature Cards
53. Analyze Feedback Emails and Faxes
Handling Offers and Contracts
54. Receive Offer(s) to Purchase
55. Evaluate Net Sheet
56. Counsel and Mediate Offer(s)
57. Deliver Seller's Disclosure
58. Obtain Pre-qualification Letter
59. Negotiate Offers on the Seller's Behalf
60. Mediate Counteroffers or Amendments
61. Fax Contract Copies
62. Deliver �Offer to Purchase� Copies
63. Assist with Escrow Account
64. Distribute Under-Contract Showing Restrictions
65. Update MLS to �Sale Pending�
66. Review Credit Report
67. Deliver Unrecorded Property Information
68. Order Well Flow Test Reports (if applicable)
69. Order Termite Inspection (if applicable)
70. Order Mold Inspection (if applicable)
71. Confirm Deposit and Buyer's Employment
72. Follow Up with Loan Processing
73. Communicate with Lender
74. Confirm Approval of Loan
75. Remove Loan Contingency
Home Inspection and Home Appraisal Activities
76. Coordinate Buyer's Home Inspection
77. Review Home Inspector's Report
78. Interpret Loan Limits
79. Verify Home Inspection Clauses
80. Contractor Preparation
81. Confirm Repair Completion
82. Attend Appraiser Appointment
83. Provide Appraiser Information and Remove Contingency
Closing Preparations and Actions
84. Ensure Contract is Sealed
85. Coordinate Closing Process
86. Coordinate Closing Formal Procedure
87. Assist with Title Issues
88. Perform Final Walk-through
89. Verify Tax and Utility Preparations
90. Review and Distribute Final Closing Figures
91. Request Closing Document Copies
92. Confirm Receipt of Title Insurance Commitment
93. Make Homeowners Warranty Available
94. Review Closing Documents
95. Confirm and Assist with Final Deposit
96. Coordinate with Next Purchase
97. Ensure "No Surprises" Closing
98. Final MLS Update
99. Follow Up and Resolve Repairs
100. Documentation Follow Up
101. Hand the keys to the new owner
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Home Mortgage Tutorial: Guidance to qualify for an FHA Home Loan - 2 views
hy-homemortgage.blogspot.com/...qualify-for-fha-home-loan.html
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Directory of Offsite-built Homes USA offers free access to the most complete listing of Precut Homes for Oxnard, CA. Currently, we list 76 models and 349 dealerships retailing Precut Homes across the USA. We are an independent information provider - we eq
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Directory of Offsite-built Homes USA offers free access to the most complete listing of Panelized Homes for Oxnard, CA. Currently, we list 1861 models and 669 dealerships retailing Panelized Homes across the USA. We are an independent information provider
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101 Reasons to Consider a Real Estate Agent - Yahoo! Real Estate - 0 views
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Mish's Global Economic Trend Analysis: The Changing Business of Real Estate (Part 1) - 0 views
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Like it or not (and the NAR doesn't like it one bit) the business of buying and selling a home is changing
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Joe Fox said the percentages in Iggy's Facts come straight from the NAR. So if 64% of home buyers find a home without the help of an agent (24% online and the rest driving around neighborhoods or by other means),
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BuySide Realty operates on the principle that people who find the home they want to buy should get paid for their effort. So BuySide actually shares with the buyer 75% of the commission
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a $500,000 home with a 6% commission spit equally, BuySide Realty would return $11,250 to the buyer of the house. If the commission was split 4% to the buyer's agent (not uncommon in this market) BuySide Realty would return $15,000 to the new home buyer
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Once you register you can print out a business card to hand to the agent at any open house you attend. BuySide will also arrange appointments on your behalf
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distinguishing feature of the BuySide model is pre-approval not just pre-qualification. Before scheduling a private showing on any listing in their system, a buyers must be pre-approved. If someone can not afford a house they want to look at, it simply will not be shown
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Currently BuySide is doing business in 5 states: Illinois, California, Florida, Virginia, and Georgia
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Buyside expands to all 50 states, that is going to result in a big dent in the pockets of real estate agents as buyers flock to take advantage of BuySide's significant improvement over the current business model
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These changes will dramatically affect the current real estate commission structure and who benefits.
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Tomorrow we will take a look at the sell side of the equation from BuySide's sister organization known as Iggys. I will have some final thoughts at that time as well. Stay tuned.
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Mortgage Tips For First Time Home Buyers - 0 views
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Home Mortgage Comparison - 0 views
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Compare Home Mortgage Rates - 0 views
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