Don’t even think about not using an agent to help sell your home!
The 101 reasons listed here reflect 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
- Research Current Properties
- Research Sales Activity from MLS and Public Records Databases
- Provide Average Days on Market Assessment
- Review Property Tax Roll
- Prepare a Comparable Market Analysis (CMA)
- Verify Ownership and Deed Type
- Verify County Public Property Records
- Perform Curb Appeal Assessment
- Provide Public School Value
- Provide a Listing Presentation
- Analyze Current Market Conditions
- Present Credentials
- Deliver CMA Results
- Discuss Planning and Strategy
- Explain Listing Contract, Disclosures & Addendum
- Screen Calls from Buyers and Agents
- Explain Homeowner Warranty
Selling the Property
- Review Title Details
- Order Plat Map
- Create Showing Instructions
- Obtain Mortgage Loan Information
- Review Homeowner Association Fees and Bylaws
- Submit Homeowner Warranty Application
- Add Homeowner Warranty in MLS
- Review Electricity Details
- Arrange Inspections for City Sewer/Septic Tank Systems
- Collect Natural Gas Information
- Provide Security System Status
- Determine Termite Bond Status
- Analyze Lead-based Paint Status
- Distribute Disclosure Packages
- Prepare Property Amenities
- Detail Inclusions & Conveyances with Sale
- Compile Repairs Needed List
- Send Seller Vacancy Checklist
- Install Lockbox
- Make Copies of Leases for Rental Units (if applicable)
- Verify Rents, Utilities, Water, and Deposits for Rentals
- Inform Tenants of Listing for Rentals
- Install Yard Sign
- Perform Interior Assessment
- Perform Exterior Assessment
Advertising and Marketing
- Enter a Profile Sheet into the MLS Listing Database
- Provide Copies of MLS Agreement
- Take Additional Photos for MLS and Marketing
- Create and Advertise Property Listing in Publications
- Coordinate Showing Times
- Create and Mail Flyers
- Create E-Property Website
- Advertise on Craigslist
- Post to Other Real Estate Websites
- Provide Virtual Tours
- Provide Homebuyer University thru Webinar-A-GoGo
Handling Offers and Contracts
- Receive Offer(s) to Purchase
- Evaluate Net Sheet
- Counsel and Mediate Offer(s)
- Deliver Seller’s Disclosure
- Obtain Pre-qualification Letter
- Negotiate Offers on the Seller’s Behalf
- Mediate Counteroffers or Amendments
- Fax or Email Contract Copies
- Deliver ‘Offer to Purchase’ Copies
- Assist with Escrow Account
- Distribute Under – Contract Showing Restrictions
- Update MLS to “Sale Pending”
- Review Credit Report
- Deliver Unrecorded Property Information
- Order Well Flow Test Reports (if applicable)
- Order Termite Inspection (if applicable)
- Order Mold Inspection (if applicable)
- Confirm Deposit and Buyer’s Employment
- Follow Up with Loan Processing
- Communicate with Lender
- Confirm Approval of Loan
- Remove Loan Contingency
Home Inspection and Home Appraisal
- Coordinate Buyer’s Home Inspection
- Review Home Inspector’s Report
- Interpret Loan Limits
- Verify Home Inspection Clauses
- Contractor Preparation
- Confirm Repair Completion
- Attend Appraiser Appointment
- Provide Appraiser Information and Remove Contingency
Closing Preparations and Actions
- Ensure Contract is Sealed
- Coordinate Closing Process
- Coordinate Closing Formal Procedure
- Assist with Title Issues
- Perform Final Walk-through
- Verify Tax and Utility Preparations
- Review and Distribute Final Closing Figures
- Request Closing Document Copies
- Confirm Receipt of Title Insurance Commitment
- Make Homeowners Warranty Available
- Review Closing Documents
- Confirm and Assist with Final Deposit
- Coordinate with Next Purchase
- Ensure “No Surprises” Closing
- Final MLS Update
- Follow Up and Resolve Repairs
- Documentation Follow Up
- Hand the Keys to the New Owners
Information Compliments of:
Travis Newton
Branch Manager
W.J. Bradley
Oregon Mortgage Expert
503.931.4490
http://mywjb.com/travis-newton
