Tuesday, January 16, 2007

The Best Deal

Did you ever wonder why some home sale transactions work and some fail? Allow me to shed some light.
In most home sales there are several key people involved who don't always have each other's interest in mind. The buyer is interested in making sure the property suits his needs, that everything that can be known about the property is known and that he buys it at the best possible price. (Usually this "best" deal means the lowest possible price.)
The seller wants to make sure that he has a solid, serious, buyer, that his property is not tied up needlessly and that he sells it at the best possible price. (Usually this "best" deal means the highest possible price.)
The bank that is also involved in the sale wants the buyer to have good credit and a good job that he/she has had for at least two years, and to have little or no debt. He too wants the house to be sold for the best possible price. (Usually his "best" means not too high and not too Low.)
Sounds to me like we need a referee. Most of what a Realtor does in the transaction is helping smooth out the communication between the buyer, seller, and lender so that everyone gets the "best" deal. A good Realtor is a skilled communicator who can keep all of the conversation on track and headed toward the final goal of closing the transaction. After you tire of "For Sale By Owner" and you hire a Realtor, when all is said and done and your house is sold, if it seemed too easy...Count your blessings, you probably got the "best deal".
Scott and Sam Mikel...are Associate Brokers at RE/MAX Equity Group. For sound real estate advice contact them at 258-2439, their 24 hr number, or check out their web site at
http://www.agentmikel.com/.

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