4 Reasons Home Sellers Need a REALTOR®
LOUISIANA REALTORS • March 9, 2017
Every now and then we need an expert’s opinion, advice, and direction. Does your shoulder hurt after a workout? Go see a masseuse. Got into an accident? Call the body shop. Looking to sell a house? Use a REALTOR®. The first two scenarios play out that way more often than not, however all too often the third situation is handled in a different manner- like as For Sale By Owner. Similar to the ability to relieve muscle tissue or fix a damaged automobile requires an expert, so does a real estate transaction with a lot of moving parts. The following four reasons explain why home sellers need to enlist the help of a knowledgeable and professional REALTOR®.
1. The Power of Search
Google has put all of the information in the world at our fingertips. REALTORS® have the ability to share and market a listing to a larger network of other REALTORS® as well as to the public. Listing your house without a REALTOR® does not give you the same amount of online exposure and the more time a house sits on the market, the more it can cost you.
2. REALTORS® Code of Ethics
What sets a REALTOR® apart from a real estate agent? The strict standards and Code of Ethics set forth by the National Association of REALTORS®. These standards and codes mean that your REALTOR® will always act with your best interest in mind. REALTORS® in addition to their continuing education requirement must maintain their knowledge of the Code and can be sanctioned for violating any of the articles of the Code.
3. Skilled in Negotiation
There are a number of variables that go into selling a home. Between getting offers and negotiating contract terms, the transaction can be intense especially when buyers demand or expect more. Luckily a REALTOR® represents you in the sale and is a savvy negotiator that will get the best options to you. A REALTOR knows the value of your property and can get the best price for you. Acting without this valuable resource could cost you thousands.
4. Industry and Pricing Expertise
The real estate world is full of data and valuations that can make your head spin. This unique language, coupled with the changing markets and regulations makes selling an overwhelming task. Thankfully REALTORS® understand what needs to be done, how to communicate it, and most importantly can prepare the best deal for you while avoiding costly delays and mistakes.
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While this addresses just a few of the reasons for home sellers, they should leverage the power and expertise of a REALTOR® in order to make their experience a good and successful one.
From the Louisiana Department of Insurance: Insurance Commissioner Tim Temple announced today that the Louisiana Department of Insurance (LDI) continues its work to develop a regulation creating benchmark discounts for Fortified roofs in Louisiana. The LDI is working with the National Association of Insurance Commissioners (NAIC) to develop the benchmark discounts using Louisiana-specific data, hurricane modeling and actuarial considerations. “With over 11,000 Fortified roofs in Louisiana and two years-worth of insurer experience with rating for those roofs in our state, now is an appropriate time for the LDI to establish benchmark discounts for homeowners insurance companies operating in our market,” said Commissioner Temple. “These benchmarks are being thoughtfully developed to help consumers receive the discounts they deserve for fortifying their homes while making sure insurers know the benchmarks reflect how much Fortified roofs actually mitigate their exposure to risk across Louisiana.” Like in Alabama’s Fortified benchmark discount structure, the LDI regulation would require Louisiana insurance companies to either meet the minimum benchmark discount established by the LDI or provide actuarial justification for why the company’s discount does not meet the benchmark. Louisiana is the fastest growing state for Fortified roofs in America. To date, over 11,000 Fortified roofs have been installed in Louisiana, including over 4,100 through the Louisiana Fortify Homes Program.
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