Real estate agents can be valuable when buying or selling your home. However, some agents have extra credentials that set them apart from others.

A Realtor is a licensed real estate agent who is also a National Association of Realtors (NAR) member. They must adhere to NAR's code of ethics and participate in continuing education.

They Know the Local Market

When it comes to real estate, the local market is everything. Realtors have an insider's view of the market and can help buyers or sellers navigate it. They also know how to spot potential changes in the market and can help their clients prepare for them.

For example, if a neighborhood has new construction that could send prices up or down, a Realtor will be the first to know. This information is crucial for helping buyers find a home that fits their budget.

Realtors are familiar with the local money market and can advise clients about mortgage options. They can also help determine a seller's likely net proceeds from the sale of their property by considering the types of loans available, any existing loan balance, and closing costs.

Besides understanding the local market, Realtors can use their knowledge of zoning laws and municipal services to help their clients understand the potential impact of buying or selling a home in a particular area. They can also be aware of local issues such as buried fuel storage tanks, asbestos insulation, unauthorized rental suites, moisture problems, and unregistered easements that could have significant legal or financial consequences. They can also share data on schools, neighborhoods, and current market trends to help clients make informed decisions about real estate investments.

They Can Negotiate

There are a lot of things that can be negotiated during a real estate transaction. Realtors know what to push for and when, whether it's the price, mortgage terms, home inspection results, or closing on a certain date. The National Association of Realtors has strict ethical guidelines that agents must adhere to when negotiating for their clients.

The amount of wiggle room in any negotiation depends on several factors, including the local real estate market and how competitive a particular property is. A seller's market may mean properties are selling within a few days of hitting the market, giving agents less room to negotiate price or other terms. On the other hand, a buyer's market can mean that many buyers are interested in a home, making it easier to secure a deal.

Commission rates are also often negotiable. Sellers pay the listing agent and the buyer's agent, but both agents may be willing to lower their rates to get a deal done. Commissions vary widely by state, so it's important to research what's typical in your area. Then, you can use that information as leverage when negotiating with your agent. Be sure to mention any other perks you're hoping for, such as a low-cost home warranty or the possibility of referrals from your agent in exchange for lowering the commission rate.

They Can Help You Find a Home

A good real estate agent will help you find your dream home. They will use their market knowledge to show you homes within your price range and meet your other criteria, such as a swimming pool, proximity to public transportation, or great schools. They can also assist you in navigating the rental process. They know the norms in the area and can help you negotiate with landlords to get concessions such as a lower deposit or pet fee. They can also help you get pre-qualified to move into an HOA community if the property requires it.

Realtors are true professionals. They take on a big responsibility and work long hours without a paycheck guarantee. They are not in it for the money but because they love helping people make their dreams come true. You must know what they do for a living and that you appreciate their efforts and expertise.

Realtors are licensed real estate agents who belong to the National Association of Realtors (NAR) and abide by their code of ethics. You'll see "Realtor" next to their names on billboards and for-sale signs around town. But you should always interview a real estate agent before hiring them to help you buy or sell your home. The right agent can ensure a smooth and successful transaction.

They Can Help You Sell Your Home

Realtors will be your advocate and interpreter throughout the selling of your home. They will work with you to understand your goals and help you find a suitable buyer. They will inform you about market trends and their impact on your timeline. They will also make presale prep suggestions based on what buyers seek. Abram suggests addressing items that will turn up on a home inspection, decluttering, or home staging to make your home more appealing.

They will help you pinpoint a list price by conducting a comparative market analysis (CMA). This will consider similar homes in your neighborhood that have sold recently. They will also consider factors like your home's location, size, condition, and amenities.

During marketing, they will create an online listing, get professional photos, and write a strong description for your property. They will also use their local networks to spread the word about your home and share it on social media. They might even host an open house, a great way to reach potential buyers.

A good real estate agent will help you navigate a successful sale without any headaches. They will be there to support you if any issues arise during the closing process, such as a request for repairs based on a home inspection or an appraisal that comes in below contract value. It is important to work with a Realtor who puts your interests ahead of your own and has a track record of success.