Real Estate Brokers and Sellers

What Do Real Estate Brokers and Sellers Do?

There are many reasons to hire a professional Real Estate agent or broker when you’re buying any sort of property. When you’re buying or selling a home, it is the biggest monetary transaction you will be making in your life. The rules, regulations and laws governing these sort of transaction can be daunting and confusing.

Here are some of the areas that a Realtor will handle for your transaction:

  • Lists the property for sale to the public, often on an MLS, in addition to any other methods.
  • Provides the seller with a real property condition disclosure (if required by law) and other necessary forms.
  • Keeps the client abreast of the rapid changes in the real estate industry, swings in market conditions, and the availability and demand for property inventory in the area.
  • Prepares paperwork describing the property for advertising, pamphlets, open houses, etc.
  • Places a “For Sale” sign on the property indicating how to contact the real estate office and agent.
  • Advertises the property, which may include social media and digital marketing in addition to paper advertising.
  • Holds an open house to show the property.
  • Serves as a contact available to answer any questions about the property and schedule showing appointments.
  • Ensures that buyers are pre-screened and financially qualified to buy the property. (Sellers should be aware that the underwriter for any real estate mortgage loan is the final say.)
  • Negotiates price on behalf of the sellers.
  • Prepares legal documentation or a “purchase and sale agreement” on how the transaction will proceed.
  • Acts as a fiduciary for the seller, which may include preparing a standard real estate purchase contract.
  • Holds an earnest payment check in escrow from the buyer(s) until the closing, if necessary. Closings take place during a defined escrow period when buyers and sellers each sign the appropriate papers transferring title.
  • Negotiates on their client’s behalf when a property inspection is complete. Often times having to get estimates for repairs.
  • Guards the client’s legal interests (along with the attorney) when facing tough negotiations or confusing contracts.

We suggest giving yourself a definite advantage in the housing market and when dealing with this type of transaction by talking with us first.

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