What is the True Value of a REALTOR®?
There can be a fine line between doing something yourself and entrusting your goals to an expert. While there are a number of experts in a wide variety of fields, there are still some things we prefer to do on our own. Oftentimes these tasks can be achieved with little to no consequence. However, there are those times, situations, and parts of life where the risk may not be worth the reward. Whether it’s working on your car, diagnosing your symptoms, or planning your retirement, at some point it will be a good idea to leverage the expertise of a professional.
Where that line sits is different for everyone. But there is a big difference between changing the oil in your garage and replacing a transmission; taking aspirin every few hours and doing surgery; monitoring your 401(k) and deciding which mutual funds will make your retirement dreams happen. The same is true when you are buying or selling your home. Looking online and doing your own research is one thing, but having a fiduciary representative looking after your best interests can save you a lot of headaches and a lot of money.
Just like a financial planner, your REALTOR®, whether you are buying or selling, has a fiduciary responsibility to you as their client. This responsibility, coupled with NAR’s strict Code of Ethics, means that you can have the peace of mind that your best interests and goals are at the forefront of every decision. While a REALTOR’S® fiduciary duty is the overarching benefit of your relationship, here are some more specific benefits of working with a REALTOR.
Contracts and Negotiations
Real estate transactions include complex and complicated legal processes. Having someone represent you who not only understands these processes, but can inform, advise, and negotiate to ensure that your investment is as successful as possible.
Real Estate Regulations
Staying current on changing real estate laws can be a full-time job in itself. If you are moving from state to state or simply across town, there can be a wide array of laws and regulations that you need to be aware of. This is your REALTOR’S® job. They are well-versed, and immersed in real estate regulations and will be aware of any and all pertinent information for your transaction.
Market Expertise and Consultation
If you’re shopping for a new house, your job is to know what you want; your REALTOR’S® job is to know where to find it. If you’re selling your home, it is their job to get you the best price possible in a timely manner. Both sides of this transaction are improved when you have someone on your side that understands the market. There are a lot of other factors that go into the purchase or sale of a home other than the number of bedrooms and total square feet. Being familiar with property tax regulations, school districts, nearby amenities, and many other elements all provide a much clearer picture for you as a client.
