Welcome to Real Estate in 2019; where buyers and investors are empowered by real estate education and property search tools at their fingertips like never before. Early on, buyers are able to establish a strong idea of their home purchasing needs; from number of bedrooms and detached shop dreams, to any number of other must-have and must-not-have factors. However, once your home ownership adventure truly begins, it’s time to shelf the D-I-Y tendencies and enlist the help of a real estate professional.
For buyers, a professional and experienced Realtor® will not only be on the hunt for a property that fulfils the buying wish list, they’ll also be on the hunt for potential issues or other considerations; property zoning and uses, development potential, identifying potential problems with the building components of the home, development in the immediate area, schools, etc. Your Realtor® will recognize the tell-tale signs of potential problems and will know how best to approach them. This knowledge and experience can end up saving you thousands of dollars in the long run by recognizing a concern you may not have otherwise identified on your own.
For sellers, you may have arrived at a desired listing price, but have you validated that the price is reasonable for the market and features your home offers? Identifying current comparable sales to confirm that you're in the right price range can be time consuming, especially if you don’t know where to start. As your agent, I present a comparative market analysis that encompasses multiple price-fetching factors regarding your unique neighborhood's demographics, amenities, schools, and other important factors.
When looking to buy or sell real estate, consider these important factors in hiring a reputable real estate professional;
- Attention to Detail – Real estate transactions require numerous legal documents and signature forms, and if you’ve ever been fooled by the terms of a basic cell phone contract; you can imagine the repercussions of making an error in the terms of an offer to purchase property. Leave the contract drafting up to me, ensuring you’re presenting an enforceable offer that both protects you and follows real estate best practices.
- Negotiating Skills – If we encounter a potential issue with the property you view, trust that we’ll navigate negotiations together. We’ll work as a team, in your best interest to get you a reduction in price or alternative remediation for an issue. Lack of strong negotiation skills can cost you financially; safeguard your investment by hiring a negotiation specialist.
- Privacy, Confidentiality and Fiduciary Duty – I’m proud to ensure you receive confidential and professional support whether you're a buyer or seller. Protecting your private information and keeping your transaction details confidential is my top priority; a necessity that may be mishandled when representing yourself or dealing with an unrepresented seller. As Realtors® we have a fiduciary responsibility to our clients which legally obligates us to put your best interests first while maintaining privacy and confidentiality laws. In British Columbia, fiduciary duty is held at such a high moral that an agent can no longer represent both the buyer and seller in a real estate transaction.
- Property Marketing Power; a property doesn’t sell itself due to lawn advertising alone. A large share of real estate sales come as the result of a realtor’s contact with previous clients, friends, family and professional contacts. In addition to qualified contacts, I offer a wealth of knowledge on how to market in your area during the current real estate market. Allow your property to shine through professional photography, online marketing and targeted realtor open houses.
- For Sale By Owner Properties. If you’re contemplating selling your home "FSBO"— for sale by owner — consider the following; naturally, you want to net as much for your home as possible, and you might think that means not parting with extra commissions. However, a 2019 Re/Max study indicated that FSBOs fetched approximately 25% lower sale prices for sellers than agent-listed properties did.
Unrepresented sellers could even have to pay a commission anyway if the buyer is represented by an agent, as the buyer's agent's commission is typically factored into the deal.
- Knowledge of the Area, Amenities and Privately Listed Properties;
Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your Realtor® to find all available properties. In addition, your Realtor® can bring to light positive and negative aspects of the area you’re searching in.
To learn more about working with a trusted Shuswap Real Estate professional, connect with Craig Shantz today.