101 Reasons to Use a Realtor Instead of Selling on Your Own

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101 Reasons to Use a Real Estate Agent

Don’t even think about not using an agent to help sell your home!  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, experience and hard work that an agent provides to help you through a real estate transaction.

The 101 reasons listed here reflect 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

  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 and Agents
  17. Explain Homeowner Warranty

Selling the Property

  1.  Review Title Details
  2. Order Plat Map
  3. Create Showing Instructions
  4. Obtain Mortgage Loan Information
  5. Review Homeowner Association Fees and Bylaws
  6. Submit Homeowner Warranty Application
  7. Add Homeowner Warranty in MLS
  8. Review Electricity Details
  9. Arrange Inspections for City Sewer/Septic Tank Systems
  10. Collect Natural Gas Information
  11. Provide Security System Status
  12. Determine Termite Bond Status
  13. Analyze Lead-based Paint Status
  14. Distribute Disclosure Packages
  15. Prepare Property Amenities
  16. Detail Inclusions & Conveyances with Sale
  17. Compile Repairs Needed List
  18. Send Seller Vacancy Checklist
  19. Install Lockbox
  20. Make Copies of Leases for Rental Units (if applicable)
  21. Verify Rents, Utilities, Water, and Deposits for Rentals
  22. Inform Tenants of Listing for Rentals
  23. Install Yard Sign
  24. Perform Interior Assessment
  25. Perform Exterior Assessment

Advertising and Marketing

  1. Enter a Profile Sheet into the MLS Listing Database
  2. Provide Copies of MLS Agreement
  3. Take Additional Photos for MLS and Marketing
  4. Create and Advertise Property Listing in Publications
  5. Coordinate Showing Times
  6. Create and Mail Flyers
  7. Create  E-Property Website
  8. Advertise on Craigslist
  9. Post to Other Real Estate Websites
  10. Provide Virtual Tours
  11. Provide Homebuyer University thru Webinar-A-GoGo

Handling Offers and Contracts

  1. Receive Offer(s) to Purchase
  2. Evaluate Net Sheet
  3. Counsel and Mediate Offer(s)
  4. Deliver Seller’s Disclosure
  5. Obtain Pre-qualification Letter
  6. Negotiate Offers on the Seller’s Behalf
  7. Mediate Counteroffers or Amendments
  8. Fax or Email Contract Copies
  9. Deliver ‘Offer to Purchase’ Copies
  10. Assist with Escrow Account
  11. Distribute Under – Contract Showing Restrictions
  12. Update MLS to “Sale Pending”
  13. Review Credit Report
  14. Deliver Unrecorded Property Information
  15. Order Well Flow Test Reports (if applicable)
  16. Order Termite Inspection (if applicable)
  17. Order Mold Inspection (if applicable)
  18. Confirm Deposit and Buyer’s Employment
  19. Follow Up with Loan Processing
  20. Communicate with Lender
  21. Confirm Approval of Loan
  22. Remove Loan Contingency

 

Home Inspection and Home Appraisal

  1. Coordinate Buyer’s Home Inspection
  2. Review Home Inspector’s Report
  3. Interpret Loan Limits
  4. Verify Home Inspection Clauses
  5. Contractor Preparation
  6. Confirm Repair Completion
  7. Attend Appraiser Appointment
  8. Provide Appraiser Information and Remove Contingency

Closing Preparations and Actions

  1. Ensure Contract is Sealed
  2. Coordinate Closing Process
  3. Coordinate Closing Formal Procedure
  4. Assist with Title Issues
  5. Perform Final Walk-through
  6. Verify Tax and Utility Preparations
  7. Review and Distribute Final Closing Figures
  8. Request Closing Document Copies
  9. Confirm Receipt of Title Insurance Commitment
  10. Make Homeowners Warranty Available
  11. Review Closing Documents
  12. Confirm and Assist with Final Deposit
  13. Coordinate with Next Purchase
  14. Ensure “No Surprises” Closing
  15. Final MLS Update
  16. Follow Up and Resolve Repairs

100.Documentation Follow Up

101.Hand the Keys to the New Owners

 

Call one of our OCAS real estate specialists today!

Carol Hobaugh    ReMax 310.729.7327

Lee Tennant         Coldwell Banker Residential Brokerage   949.280.2341

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