Triad Real Estate – FAQ

What is a REALTOR®?

Our triad real estate agency is a Realtor® when he or she is a member of the National Association of Realtors. The term Realtor® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of Realtors and subscribes to its strict code of ethics.

Founded in 1908, NAR has grown from 120 members to today’s 750,000 members. KNAR is composed of residential and commercial realtors who are brokers, salespeople, property managers, appraisers, counselors and others engaged in all aspects of the triad real estate industry. Members belong to one or more of the some 1,700 local associations, boards, and 54 state and territory associations of realtors.

Our triad real estate agents are pledged to a strict code of ethics and standards of practice. Working for America’s property owners, the NAR provides a facility for professional development, research and exchange of information among its members and to the public and government for the purpose of preserving the free enterprise system and the right to own real property

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Will Your Home Bring Top Dollar in Today’s Market?

Do you want to sell your house at the highest possible price? Sure you do; everyone does.

The real estate market is going to determine what your house is going to sell for. There are many factors that influence the market of homes for sale; how many homes for sale at one time, mortgage rates, the local economy, and the number of buyers looking for homes are just few. All of these are out of the control of the seller and the realtor listing the home.

There are quite a few things a seller can do to get the highest possible price for the home. One of the things a seller must do prior to putting the house on the market is make any necessary repairs and address any cleaning issues. Necessary repairs normally come up during a home inspection, which then are reported back to the buyer. Why not make the repairs now and keep the buyer focused on what a terrific house you have rather than what is wrong with the property. The carpeting in the house is usually a focal point for buyers. If the carpets are worn, go ahead and replace them if possible; try to steer clear of giving carpet allowances. Make the house that shiny penny a buyer wants to pick up.

Another factor in getting the highest possible price is making the house available to the potential new owners. Try to leave wide parameters in showing instructions, so the realtors are able to show your house. Also when a buyer does come to look at the property, do your best to allow them to look at the property unencumbered. If it is not possible for you to leave, then step outside or go for a quick walk. This allows the buyer and the realtor an opportunity to take a good look at the house. One other factor in getting the highest possible price is pricing it right to begin with. If a home is overpriced it does not matter what the seller or the realtor does; it is not going to sell. Listen to the realtor during the listing presentation and look at what the comparative market analyses says and pick a price within the range the realtor is presenting. The first thirty days a house is on the market are the most critical. Price the house properly and it will generate the most traffic and the most offers.

If you would like to get highest possible price for your house contact your triad realtor.

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What is a CMA?

A CMA is a comparative market analysis of homes that help determine the price range a house is likely to sell for. An agent will gather information about the house such as lot size, square footage, number of bedrooms and bathrooms, and compare those features with similar houses in the same neighborhood. He or she will then make adjustments for differences between the properties to arrive at a range in which the house should sell for. The real estate agent uses a CMA when listing a home for sale. He or she will present the CMA to the sellers to arrive at a price to offer the home for sale

If you are interested in having a CMA on your house contact your triad realtor.

 

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Why should I use a realtor to sell my house?

Most people trust and believe in their realtor to sell their home for the highest price under the best terms. There are a small number of people that attempt to sell their house on their own. I admire the For Sale By Owner (FSBO).

Sometimes the owner does not know a REALTOR® they can list with or they have a long period of time they have to sell the house and feel they can do it on their own. Most of the For Sale By Owners want to save the commission associated with selling a house through a brokerage.

As the majority of for sale by owners soon realize, there is more to it than just putting a sign in the yard. First the paperwork associated with transferring property, property disclosures, inspections, closing procedures, deed transfer. One other drawback is dealing with buyers who have not been pre-qualified and come to the home unescorted. These buyers are attracted to the house because they want to make a low ball offer to the owner because they think he or she is going to save a commission.

The other big factor is advertising and exposure. There is no understating the importance of a Multiple Listing Service, where thousands of realtors have pre-qualified buyers ready to buy property.

 

You have a lot to consider when selling a house in the triad real estate market. You need an agent that will work for you, the seller. For more information contact your triad realtor.

 

 

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Now Is the Time to Buy!

The home buying decision is one of the biggest financial decisions of our lives. One of life’s harder questions to answer is should I buy my house now or wait until later. There are numerous facets to consider when buying a home. What type of home do I want? What are my new neighbors going to be like? Do I have an agent I can count on to guide me through the process? And the biggest question usually is can I afford it?The interest rate on your mortgage directly affects your buying power. The mortgage rates in the Triad are at their thirty-year average lows, which means that you have increased buying power. With a lower rate you qualify for a larger loan and a bigger home!

 

There are many advantages to owning your own home. One advantage that many first time home buyers do not realize is the tax advantage. If you itemize your tax return, your interest and your personal property taxes are deductible. This means that you can lower your gross income and pay less tax. (Always contact your tax advisor for actual results)

 

There is no time like now to purchase your home. Contact your triad realtor.

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Do I Need a Buyer’s Agent?

The seller of the home you are going to buy has professional representation. The agent representing them is advising their clients on every aspect of selling their home. You need that same type of service when buying a home.

Traditionally, a real estate agent represents the seller and their interest unless otherwise stated. When contacting an agent, they will ask if you are working with an agent and if you are not, he or she will offer to be your buyer’s agent. A buyer’s agent is your fiduciary. They represent your interest and negotiate the lowest possible price under the best the terms for you, rather than achieving the highest possible price for the seller.

Do not hesitate to accept buyer agency when looking to buy a home. You need professional advice that serves your interest. Also buyer agency does not cost you anything, normally the seller is paying the real estate commission from the sale of the home.

You Have a lot to consider when buying a house.
You need an agent that will work for you, the buyer.
Contact your triad realtor today and let us be your buyer’s agent to help you find your home.

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