Category Archives: Realtor

How Can Home Buyers Assist Their Real Estate Agent?

You can make the home buying process go much smoother for yourself and your agent if you can answer these 10 questions in the beginning:

  • Why buy and why buy now
  • Are you working with a lender
  • How many houses have you looked at already
  • How do you prefer to be contacted
  • What if we found the perfect house tomorrow
  • What are your three favorite neighborhoods
  • What is your favorite room in the house
  • How important is outdoor/garage space
  • How long do you think that you’ll live in the house that you buy
  • What is a deal breaker for you
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6 Essential Home Buyer Tips

These tips came from a survey of 400 real estate professionals. These items are listed in order of importance, from most to least.

  1. Get a home inspection to evaluate the safety and overall condition of the home
  2. Before you start your house hunting, get pre-approved for a mortgage
  3. Direct all communications with the seller through your real estate agent
  4. Get all agreements with the seller in writing
  5. Include important contingences in your offer, such as, financing and inspections
  6. Come up with realistic expections for a house based upon your budget

Source: Market Leader.com

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Ferguson Realtors – Here’s What One Agent Had to Say

I have worked for Ferguson Realtors for 16 years and they have promoted, supported and help grow my professional career in real estate. Ferguson Realtors is always on the cutting edge of technology with high quality video, photos, websites and creative ideas in advertising to get homes Sold! Their ethics and integrity, that is the Ferguson name, is also unparalleled in the business. Ferguson Realtors has a personable and friendly atmosphere to work in, while being one of the leading Realtors in the industry. Ferguson Realtors is a company that I am proud to say that I hold my license with and plan to continue my career with for years to come.

Are you considering a career in real estate or a company move? If so; check us out at www.topofknox.com.

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Learn About the REALTORS®’ Code of Ethics

The REALTORS®’ Code of Ethics was established in 1913 by the National Association of REALTORS®. It’s a set of rules that were established to raise the standards of professionalism and service in the real estate industry. The rules are divided into three areas: 1) a broker’s duties to his clients, 2) a broker’s duties to his fellow brokers and 3) a broker’s duties to the public. The current Code of Ethics contains seventeen articles.

Over its one hundred year history, the Code of Ethics has been amended and revised to keep up with the changing times. Local REALTOR® Associations are charged with enforcing the Code of Ethics and handing down punishment to those found to be in violation of one or more of the articles.

To keep REALTORS® up to date on the Code of Ethics, the National Association of REALTORS® requires all REALTORS® to take a training course on the subject every four years.

In recognition and appreciation of their obligations to clients, customers, the public, and each other, REALTORS® continuously strive to become and remain informed on issues affecting real estate and, as knowledgeable professionals, they willingly share the fruit of their experience and study with others.

Source: National Association of REALTORS®

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Should I Sell My Own House?

Selling a home For Sale By Owner (FSBO) is not an easy task, that’s why most FSBO’s end up hiring a REALTOR®. Nationally the success rate of FSBO’s is very low. Over 80% of all FSBO’s end up hiring a REALTOR® to get their home sold in the end.

Why is it so hard to sell without a REALTOR®?

1. Determining the right listing price – Pricing a property correctly is probably the most important step when placing your home up for sale. If your home is not priced right, then you stand a slim chance of selling in a competitive market. A REALTOR® will have access to the sales data, plus their experience to best advise you on a proper listing price.

2. Buyer’s want your commission savings – One of the things most sellers don’t understand when deciding to go the FSBO route, is that many buyers know you are marketing you own home in order to save the commission, and they want a part of that savings. Many of the buyers will take 5% right off the top regardless of whether the home is priced well or not.

3. Availability for showings – It’s hard for many homeowners to be available to show their home at the time buyers want to look. Buyers can come at all hours of the day and night. Most serious buyers are looking at a number of homes within a given time period and are not willing to rearrange their schedule to accommodate an unworkable seller. One advantage of having a REALTOR® is they can take care of all showings, thus freeing you up to keep your life as normal as possible during the selling process.

4. Showing to unqualified buyers – It’s a waste of your time and the buyers if they are unable to obtain the financing needed to complete the purchase. If a REALTOR® is involved, in most cases only pre-qualified buyers will be looking at your home.

5. Negotiations & inspections – This is an area where an inexperienced seller can put their self at great risk. When your dealing directly with the buyer you can be put of the spot with answering questions and making decisions without thinking them over carefully. You might unknowingly commit to something without understanding all of the cost and time considerations. Negotiating buyer inspections on your home can be tricky as well. These are areas were a REALTOR® will look out for your best interest.

While it’s not impossible to sell your home on your own, you can see there are many pitfalls along the way if your not experienced. By hiring a REALTOR® studies have shown that you will usually sell your home for a higher price, and you will have someone on your side to make the process much easier.

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10 Tips For Real Estate Buyers

1. Find the right real estate agent
2. Get pre-approved for a mortgage
3. Create a “must have” list for the type of home and location
4. Be open to adjusting your “must have” list
5. Learn about the neighborhood once you identify a property
6. Always have a home inspected
7. Understand the process and the paperwork
8. Submit a reasonable offer
9. Don’t expect the seller to make too many improvements
10. Stick to your pre-determined budget

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Wonder How Most Home Buyers Find an Agent?

Most buyers find their real estate agent in one of the following ways (listed from most common to least common):

1. Referred by a friend, relative or neighbor

2. Website

3. Used agent previously

4. Saw contact info on a For Sale or Open House sign

5. Meet agent at an open house

6. Referred by another agent

7. Personal contact by agent

8. Employer or relocation company referral

9. Office walk-in

10. Internet search engine

Source: National Association of Realtors®

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Consider Joining Us at Ferguson Realtors

We offer our agents:
•No franchise fees
•Signs and copies at no charge
•Choice of commission plans
•Listings promoted on over 50 high traffic internet domains
•State-of-the-art visual marketing
•High quality on-line training at no charge
•Company generated business
•Managing broker with over 50 years of experience
•Member of Leading Real Estate Companies of the World

Go to www.TopofKnox.com to find out more.

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Why Do Most FSBO’s End Up Hiring a REALTOR®?

Selling a home For Sale By Owner (FSBO) is not an easy task, that’s why most FSBO’s end up hiring a REALTOR®. Nationally the success rate of FSBO’s is very low. Over 80% of all FSBO’s end up hiring a REALTOR® to get their home sold in the end.

Why is it so hard to sell without a REALTOR®?

1. Determining the right listing price – Pricing a property correctly is probably the most important step when placing your home up for sale. If your home is not priced right, then you stand a slim chance of selling in a competitive market. A REALTOR® will have access to the sales data, plus their experience to best advise you on a proper listing price.

2. Buyer’s want your commission savings – One of the things most sellers don’t understand when deciding to go the FSBO route, is that many buyers know you are marketing you own home in order to save the commission, and they want a part of that savings. Many of the buyers will take 5% right off the top regardless of whether the home is priced well or not.

3. Availability for showings – It’s hard for many homeowners to be available to show their home at the time buyers want to look. Buyers can come at all hours of the day and night. Most serious buyers are looking at a number of homes within a given time period and are not willing to rearrange their schedule to accommodate an unworkable seller. One advantage of having a REALTOR® is they can take care of all showings, thus freeing you up to keep your life as normal as possible during the selling process.

4. Showing to unqualified buyers – It’s a waste of your time and the buyers if they are unable to obtain the financing needed to complete the purchase. If a REALTOR® is involved, in most cases only pre-qualified buyers will be looking at your home.

5. Negotiations & inspections – This is an area where an inexperienced seller can put their self at great risk. When your dealing directly with the buyer you can be put of the spot with answering questions and making decisions without thinking them over carefully. You might unknowingly commit to something without understanding all of the cost and time considerations. Negotiating buyer inspections on your home can be tricky as well. These are areas were a REALTOR® will look out for your best interest.

While it’s not impossible to sell your home on your own, you can see there are many pitfalls along the way if your not experienced. By hiring a REALTOR® studies have shown that you will usually sell your home for a higher price, and you will have someone on your side to make the process much easier.

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