Information for Buyers/Sellers:
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FOR SELLERS:
Some homeowners think that selling their own home will save money and
give them an advantage over the Realtor-using majority. Before you start
down this complicated path, here are a few reasons why using a real estate
professional is important:
1) You will be drastically limiting your exposure to potential buyers, which
means it can take between 10 and 15 times longer to sell your home. Houses
that take a long time to sell usually sell for less because buyers believe there
must be something wrong with them.
2) Most buyers find negotiating with sellers extremely awkward, and therefore
avoid "For Sale By Owner" situations.
3) Most buyers use a Realtor in their home search, and most buyers' agents
will typically not work with FSBOs because they will not receive a salary. This
means you will have to offer a selling commission to attract buyer's agents,
which will cut into your expected "savings."
4) Lack of negotiating experience can result in a lower selling price, or worse,
a bungled contract and possible lawsuits. It is probably unwise to pit your
negotiating skills against those of experienced professionals.
5) If you plan to use a lawyer to help you negotiate, your lawyer's fees could
be considerably higher than a Realtor's commission. Unlike Realtors, lawyers
do not get paid for pro actively representing your best interests or
mediating delicate situations.
6) You only pay a commission to your Realtor IF they successfully sell your
home at a price with which you are happy.
As a buyer, it usually costs nothing to hire a real estate professional
to help you find and purchase a home.
Your Realtor will likely get a portion of the commission the seller
pays to his Realtor.
When choosing a Real Estate Broker/Agent:
Get referrals from friends, relatives, and co-workers.
A successful agent can be a plus.
Interview as many agents as possible.
Listen to your agent, but make your own decision.
Determine your housing needs:
How long do you intend to live in your new home?
Will you be starting or adding to your family?
Do you have any special requirements such as proximity to stores, public
transportation, recreation facilities, etc.?
These are the sort of things you should consider when deciding
what kind of housing you will need; not just now, but also five years
from now.
Remember, if you intend on moving again relatively soon, you
should get a shorter term when choosing your mortgage.








(formerly Dial-A-Mule Realty) "Where Honesty is the ONLY Policy!" Call Tom NOW @ 479-409-6166! Licensed in Arkansas, Oklahoma, Kansas
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