So you’re looking to buy — or sell — a house.
You could do the legwork yourself, but you’re better off going through a realtor.
There are many reasons. One big one is the volume of paperwork involved. According to the National Association of Realtors, if you’re selling your home there are forms, reports, disclosures and other technical documents to fill out. With your realtor’s help you’re more likely to get the best deal, avoid delays in processing and avoid costly mistakes.
A realtor can give you information on utilities, zoning and schools if you’re buying, as well as pre-screen potential buyers if you’re selling.
Real estate regulations change constantly, and differ from state to state. Most people buy a new home every 7 to 10 years so laws are likely different from the time you bought your home to the time you sell it, says Realtor.com. A realtor keeps up with new regulations, laws, contracts and practices.
If you’re buying, you probably want to start looking online. Nearly 90 percent of those in the market for a new home do. But once you’re ready to buy there’s nothing like an experienced realtor to help you make the right choice. Examples include avoiding a home with polybutylene piping, which is prone to bursting, and FRT plywood, which can spontaneously combust when attics reach high temperatures, adds Realtor.com.
If you’re selling, don’t automatically assume the value you see for you home at online sites are correct. Those numbers can be off by as much as 35 percent, says Realtor.com, which adds that in 2012, sellers using an agent got an average of $40,100 more than those who did not, and 88 percent of sellers used an agent. Your realtor knows your local market and current real estate value.
ReMax Real Estate Concepts
120 N 2nd Avenue West
Newton, IA 50208