101 Reasons to Consider a Real Estate Agent

Appreciating the Numerous Steps an Agent Takes for Homeowners

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With more real estate resources available on the Internet, it may seem as if buying and selling a home is an easy task. These 101 reasons will show you the extent of knowledge and experience that an agent provides to help you through a real estate transaction. This list reflects actions, procedures and processes that a real estate agent may typically perform during a residential real estate transaction - and are all things that you could avoid doing yourself.

Typical Pre-Listing Activities

  • 1. Research Current Properties
  • 2. Research Sales Activity from MLS and public records databases
  • 3. Provide Average Days on Market Assessment
  • 4. Review Property Tax Roll
  • 5. Prepare a Comparable Market Analysis (CMA)
  • 6. Verify Ownership and Deed Type
  • 7. Verify County Public Property Records
  • 8. Perform Curb Appeal Assessment
  • 9. Provide Public School Value
  • 10. Provide a Listing Presentation
  • 11. Analyze Current Market Conditions
  • 12. Present Credentials
  • 13. Deliver CMA Results
  • 14. Discuss Planning and Strategy
  • 15. Explain Listing Contract, Disclosures & Addendum
  • 16. Screen Calls from Buyers or Agents
  • 17. Explain Homeowner Warranty

Selling the Property Activities

  • 18. Review Title Details
  • 19. Order Plat Map
  • 20. Create Showing Instructions
  • 21. Obtain Mortgage Loan Information
  • 22. Review Homeowner Association Fees and Bylaws
  • 23. Submit Homeowner Warranty Application
  • 24. Add Homeowner Warranty in MLS
  • 25. Review Electricity Details
  • 26. Arrange Inspections for City Sewer/Septic Tank Systems
  • 27. Collect Natural Gas Information
  • 28. Provide Security System Status
  • 29. Determine Termite Bond Status
  • 30. Analyze Lead-based Paint Status
  • 31. Distribute Disclosure Packages
  • 32. Prepare Property Amenities
  • 33. Detail Inclusions & Conveyances with Sale
  • 34. Compile Repairs Needed List
  • 35. Send Seller Vacancy Checklist
  • 36. Install Lockbox
  • 37. Make Copies of Leases for Rental Units (if applicable)
  • 38. Verify Rents, Utilities, Water, and Deposits for Rentals
  • 39. Inform Tenants of Listing for Rentals
  • 40. Install Yard Sign
  • 41. Perform Interior Assessment
  • 42. Perform Exterior Assessment

Advertising and Marketing a Listing

  • 43. Enter a Profile Sheet into the MLS Listing Database
  • 44. Provide Copies of MLS Agreement
  • 45. Take Additional Photos for MLS and Marketing
  • 46. Create and Advertise Property Listing
  • 47. Coordinate Showing Times
  • 48. Create and Mail Flyers
  • 49. Compare MLS Listings
  • 50. Develop Marketing Brochure
  • 51. Notify the Network Referral Program
  • 52. Create Special Feature Cards
  • 53. Analyze Feedback Emails and Faxes

Handling Offers and Contracts

  • 54. Receive Offer(s) to Purchase
  • 55. Evaluate Net Sheet
  • 56. Counsel and Mediate Offer(s)
  • 57. Deliver Seller's Disclosure
  • 58. Obtain Pre-qualification Letter
  • 59. Negotiate Offers on the Seller's Behalf
  • 60. Mediate Counteroffers or Amendments
  • 61. Fax Contract Copies
  • 62. Deliver "Offer to Purchase" Copies
  • 63. Assist with Escrow Account
  • 64. Distribute Under-Contract Showing Restrictions
  • 65. Update MLS to "Sale Pending"
  • 66. Review Credit Report
  • 67. Deliver Unrecorded Property Information
  • 68. Order Well Flow Test Reports (if applicable)
  • 69. Order Termite Inspection (if applicable)
  • 70. Order Mold Inspection (if applicable)
  • 71. Confirm Deposit and Buyer's Employment
  • 72. Follow Up with Loan Processing
  • 73. Communicate with Lender
  • 74. Confirm Approval of Loan
  • 75. Remove Loan Contingency

Home Inspection and Home Appraisal Activities

  • 76. Coordinate Buyer's Home Inspection
  • 77. Review Home Inspector's Report
  • 78. Interpret Loan Limits
  • 79. Verify Home Inspection Clauses
  • 80. Contractor Preparation
  • 81. Confirm Repair Completion
  • 82. Attend Appraiser Appointment
  • 83. Provide Appraiser Information and Remove Contingency

Closing Preparations and Actions

  • 84. Ensure Contract is Sealed
  • 85. Coordinate Closing Process
  • 86. Coordinate Closing Formal Procedure
  • 87. Assist with Title Issues
  • 88. Perform Final Walk-through
  • 89. Verify Tax and Utility Preparations
  • 90. Review and Distribute Final Closing Figures
  • 91. Request Closing Document Copies
  • 92. Confirm Receipt of Title Insurance Commitment
  • 93. Make Homeowners Warranty Available
  • 94. Review Closing Documents
  • 95. Confirm and Assist with Final Deposit
  • 96. Coordinate with Next Purchase
  • 97. Ensure "No Surprises" Closing
  • 98. Final MLS Update
  • 99. Follow Up and Resolve Repairs
  • 100. Documentation Follow Up
  • 101. Hand the keys to the new owner

Reader Comments
Overall Article Rating:
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Realtor
Article Rating:
As a Realtor I find this list very accurate. We work very hard and spend many hours gathering information for our clients. As a Seller make sure that you select a Realtor that will work hard for you. We don't get paid until we close a deal so we are very motivated to get the deal done. Our understanding of Real Estate Law can prevent problems that may occur with non professionals though they have the very best intentions and are very intelligent. There are ways that the system works and Realtors know how to successfully navigate the system so that everyone comes out a winner! Please consider using a Realtor on your next Real Estate transaction.
A Yahoo! Contributor
Article Rating:
Sorry, but I still feel that as an intelligent, internet savvy, resourceful consumer I can handle AT LEAST 50% of these items on my own. It is getting more and more difficult for me to place a value on the things that my real estate agent is doing. Having my house listed on MLS is definitely worth paying for as well as contract and closing preparation. The rest of the stuff anyone can do. I feel the value of real estate agents is declining. They better get creative and step it up or decrease their fees.
bob
Article Rating:
excellent tool to use if you are looking for a realtor in connecticut please feel free to call helen or bob duguay at milestone realty at 203 879 4355 and feel free to check out our web site ; www.milestonerealtyct.com
jay.lerner
Article Rating:
This is such a great article because the general public often times doesn't realize how much goes into buying or selling a home. Don't leave anything to chance, when it comes to your most precious asset. If you're in the market to buy or sell in the very desireable city of Portland, please call Jay Lerner at Keller Williams, 971-678-7906. I will make your real estate experience hassle-free and seemless, as it should be!
Jay
Article Rating:
I think they all are right and the most important is the buyers/sellers don't have to do the leg work. If i can pay someone to do the foot work than so be it... We need a doctor to take the suffering when we are sick, we need a realtor to take the pain/aggrevasion and make the process smooth when you buy/sell a home.

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