Realtors are often confused with real estate agents. While they perform similar tasks, the term "realtor" designates a member of the National Association of Realtors (NAR), which has formally used the term since 1916. |
Earning the title requires completing approximately 40 hours of classroom training, passing a certification exam, and abiding by the Code of Ethics developed by the NAR. This must be completed in addition to any separate licensing the state requires for real estate agents. In addition to the basic licensing, the NAR offers additional specializations and requires current members to periodically update their training. Like other professional bodies, the NAR has stringent standards for its members, which are enforced both through local boards and the national organization.
As the housing market recovers, buyers and sellers are seeking guidance. Many people buy only a couple of houses over the course of their lifetime. For these buyers, the market is a virtual unknown. No one wants to overpay, but no one wants to miss out on their dream home, either. On top of that, buyers have to navigate mortgages, inspections, permits, down payments, and closing costs.
For sellers, finding the right price point is crucial. Too high, and the seller may miss a hot market; too low, and hard-earned dollars are left on the table. Accurately assessing the market, finding the right advertising approach, and connecting to buyers is becoming increasingly complex. This is where Realtors prove invaluable.
As trained professionals, Realtors can help homeowners and home buyers navigate the issues mentioned above. Their experience makes them much more familiar with the process (and potential pitfalls) than an amateur in the market. Knowledge of local trends, resources, and procedures can save hours of time, as well as prevent costly mistakes. They know exactly where to find and file regulatory paperwork, and they have a list of people to call for plumbing, painting, landscaping, and more. They have contacts with buyers and sellers, which facilitates connections. They can even suggest little-known financing options. They're deeply immersed in the market and the process. Their constant training and full-time dedication to the field helps to ensure that they are up-to-date on any new developments. Their fractional commission on a sale is worth every penny in a seamless transaction.
This experienced professional should be considered less of a middleman and more of a guide. True, an experienced buyer or seller may be able to navigate a complex market alone. However, just as you wouldn't advise a new driver to jump behind the wheel and head for the interstate, most of us could use some guidance when buying or selling a home. With so much money at stake, it pays to have the help of someone you can trust. Realtors, with their extensive knowledge and ties to the community, can help the sale or purchase of a home go smoothly.
When you're searching for Springfield, IL Realtors, consult the experts at http://www.melissaslistings.com/newlistings.php.
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