Sioux Falls, South Dakota 57108, United States
REALTORS® For Sellers
Why Use a REALTOR® When Selling a Home?
A REALTOR® can help you understand everything you need to know about the home selling process.
Not all real estate licensees are the same; only those who are members of the NATIONAL ASSOCIATION OF REALTORS® (NAR) are properly called REALTORS®. They proudly display the REALTOR "®" trademark on their business cards and 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 reported that 84% of home buyers would use the same REALTOR® again.
Real estate transactions are one of the biggest financial dealings of most people’s lifetime. Transactions today usually exceed $250,000. If you had a $250,000 income tax problem, would you attempt to deal with it without the help of a certified professional accountant? If you had a $250,000 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 wise to work with a professional REALTOR® when you are selling a home.
The cost of selling your home, with representation from a Realtor®, is negotiable between the seller and Realtor and verified by the company's responsible broker. A Realtor's® job includes navigating a significant variation of complex issues and technical aspects, such as price negotiations, open houses, inspections, title work, and final walkthroughs. Sellers often prefer to have a Realtor® by their side, navigating the most substantial monetary deal of their lives. With over 179 tasks completed throughout a transaction, the Realtor's® expertise deserves the agreed-upon compensation.
If you're still not convinced of the value of a REALTOR®, here are more reasons to use one:
- When selling your home, your REALTOR® can give you up-to-date information on what is happening in the marketplace as well as the price, financing, terms and condition of competing properties. These are key factors in getting your property sold at the best price, quickly and with minimum hassle.
- Often, your REALTOR® can recommend repairs or cosmetic work that will significantly enhance the salability of your property.
- Your REALTOR® markets your property to other REALTORS® and the public. In many markets across the country, over half of real estate sales are cooperative sales; that is, a real estate agent other than yours brings in the buyer. Your REALTOR® acts as the marketing coordinator, distributing information about your property to other REALTORS® through a Multiple Listing Service (MLS) or other cooperative marketing networks, open houses for agents, etc. The REALTOR® Code of Ethics requires REALTORS® to utilize these cooperative relationships when they benefit their clients.
- Your REALTOR® will know when, where and how to advertise your property. There is a misconception that advertising sells real estate. NAR studies show that 82% of real estate sales are the result of agent contacts through previous clients, referrals, friends, family and personal contacts. When a property is marketed with the help of your REALTOR®, you do not have to allow strangers into your home. Your REALTOR® will generally prescreen and accompany qualified prospects through your property.
- Your 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 – and a lot of possible pitfalls. Your REALTOR® can help you write a legally binding, win-win agreement that will be more likely to make it through the process.
- Your REALTOR® can help close the sale of your home. Issues may arise between the initial sales agreement and closing (also called settlement or escrow), for example, unexpected repairs might be required to obtain financing or a title problem is discovered. The required paperwork alone is overwhelming for most sellers. Your Don Dunham III Real Estate REALTOR® is the best person to objectively help you resolve these issues and move the transaction to closing.
Don Dunham III Real Estate
Sioux Falls, South Dakota 57108, United States
© Don Dunham III Real Estate | 605.274.1144 | info@dondunham.com | 5809 S. Remington Place #300, Sioux Falls, SD 57108
Don Dunham III Real Estate is locally owned, licensed in South Dakota and Iowa, and ready to help you buy a home, sell your home, with commercial property, land or lots.
Our Realtors® offer a variety of resources to help with your real estate needs in and around the Sioux Falls area.