Benefits Of Using Realtor On Home Purchase And Sales Transactions
This BLOG On Benefits Of Using Realtor On Home Purchase And Sales Transactions Was UPDATED And PUBLISHED On March 20th, 2020
One of the most important professionals home buyers need in the home buying process is a real estate agent. There are many Benefits Of Using Realtor:
- There are countless of Benefits Of Using Realtor
- Real estate agents are licensed professionals who represent home buyers and home sellers with their home buying and/or home selling needs
- Just showing a property to a home buyer is not all that a professional real estate does
- A realtor will ask home buyers what their needs are
- Buying a home is one of the most important investments a person will make in their lifetime and it is different than any other consumer purchase transactions
Homebuyers need to take account the following:
- type of home
- amenities of the community
- proximity to shopping
- proximity to major expressways
- school district
- distance between the home and their work
In this article, we will discuss and cover the Benefits Of Using Realtor On Home Purchase And Sales Transactions.
Services And Benefits Of Using Realtor
Real estate agents will know the comparable sales in the area and whether a home is priced too high.
- A professional experienced real estate agent will act on their client’s best interest and is an expert negotiator
A professional experienced realtor will know about the following:
- community a home buyer is looking at
- homes that previously sold and at what price
- type of neighborhood
- any issues with the neighborhood and any talk of development
A professional realtor will also recommend at what price the home buyer should place the initial purchase offer:
- Will make sure that they include sellers concessions so the home buyer has their closing costs on their home purchase covered
- Illinois Realtor Julie Hayward is one such realtor
- Julie Hayward is a veteran real estate agent based in Naperville, Illinois and represents home buyers and home sellers in the Chicagoland Area
Julie Hayward represents many first time home buyers and every client of Julie Hayward becomes her lifelong friend.
Question And Answer Session With Illinois Realtor Julie Hayward On Benefits Of Using Realtor
Question # 1 On Benefits Of Using Realtor With Illinois Realtor Julie Hayward
What motivated you to get into real estate and how was that motivation changed over the years?
- I was always interested in the development of communities as well as historical architecture
- I was intrigued by the complexities of deals that may not otherwise have occurred if it wasn’t for the parties involved
- Plus, the financial upside is a great bonus if you’re successful
More millionaires are made in real estate than any other industry!
Outlook On Current Real Estate Market With Rising Interest Rates
Question #2 On Benefits Of Using Realtor With Illinois Realtor Julie Hayward
What is your outlook on the current market?
- Over the last 10 years the market has changed significantly
- We experienced the housing bubble, where prices and growth were some of the highest we’ve ever seen
- In 2004, 69% of Americans were homeowners, which was at an all-time high
- But due to irrational exuberance (the practice of offering irrationally low-interest rates at high levels of approval for those with low credit scores and lax lending standards), nearly 1 million of those Americans went into foreclosure
- Now we are in the process of returning to pre-recession prices
Last year the real estate market grew by 6.5%, some markets more than others due to President Trump’s tax cuts and great economy.
Home Prices Versus Inventory
Overall, home prices rose in 236 out of 276 markets but it’s going to be a slow progression.
- This year the market is expected to grow by 3% (Kiplinger)
- Banks are now pushing through the foreclosures that were held up in legislation or judicial process and that had an effect on prices
Supply is also very low.
- Lack of new construction and would-be sellers that don’t have enough equity are waiting or are deciding to stay put
- Instead, they are remodeling because it’s a less expensive option for them
The good news is the millennials are getting ready to become first-time homeowners, unemployment numbers are down, and lenders are expected to ease some credit standards for GSE-eligible and government loans. We are also starting to see a rise in new construction. All of these combined will help the market grow.
When Is The Right Time To Purchase Homes
Question #3 On Benefits Of Using Realtor With Illinois Realtor Julie Hayward
If I am a buyer, when is the best time to buy?
That depends, most people think spring is the best time to buy but spring is actually the busiest time.
- More houses come on the market in spring, buyers ramp up about mid-May and inventory peaks in July
- Prices are also higher in the spring
- So you may have more of a selection but you may end up paying more
- If you have a timing issue, such as moving during the summer so kids can start a new school in the fall, then spring may be the best time for you because it makes things simple and easy
If you’re looking for a real deal, you may want to consider looking in the winter.
- Prices are lower but there is also less inventory
Low inventory can increase the time you spend looking but it only takes one house that is the right house for you, and that can come at any time of year.
When Is Best Time To Sell Home For Sellers
Question #4 On Benefits Of Using Realtor With Illinois Realtor Julie Hayward
When is the best time to sell?
- So it is the reverse for the sellers
- Inventory is higher in the spring but so is the demand since there are more buyers
- There are more buyers in spring and summer because it’s the most convenient time to move
- It seems counterintuitive since in other markets higher demand and higher inventory equals lower prices but not in the housing market
- Housing prices are highest in high season when most of them are listed, and there are more buyers
- It’s like the holidays
- Prices are higher but more people are also buying
- Fewer people buy decorations after the holidays
- If you do, you get a great deal
Comparable Sales And Home Appraisal
Valuations are also higher.
- Appraisers use comparable properties that recently sold in the area to determine the value and the houses they are comparing yours to are higher
- If the most recent data is in the winter, the homes will sell for less and the value will be less
- However, if you need to sell in the winter, inventory nationally is only about 25% less in December than it is in July
But even a home in a hot area can create a bidding war in the middle of winter so you have to do what’s right for you and what best matches your goals.
Preparing To Sell And List Home
Question#5 With Illinois Realtor Julie Hayward
What are some easy inexpensive ways to get your home ready to sell?
- Start by cleaning and decluttering the space
- Clear countertops and dressers, remove furniture from rooms to make it appear more spacious, clean your windows to let in more light and replace lightbulbs
- Also, depersonalize and limit picture frames to one or two
- The buyer has to be able to envision living in the space, which is hard to do if your wall is covered in family photos
They will feel like more of an intruder rather than getting excited about the space.
Window Dressing Home Prior To Listing On MLS
Flowers are always good. Fresh flowers on the kitchen countertop or on a side table will also make the room smell good. On the exterior, planting flowers will add charm and cutting the lawn on an angle will create appeal. If they love the outside, they will want to see the inside. Yellow also sells, so if you can, add a pop of yellow!
- If the home needs updating but you don’t want to break the bank, consider painting, putting new hardware on kitchen and bathroom drawers or cabinets and changing out a light fixtures
- You’ll want to keep your color palette neutral
- Bold of colors can turn off potential buyers and may not match their décor or furniture
All of these will give a quick update and won’t be as time-intensive or expensive as renovations.
Benefits Of Using Realtor For Buying Or Selling Home
Question #6 On Benefits Of Using Realtor With Illinois Realtor Julie Hayward
If I’m thinking about buying or selling, why should I use an agent?
- According to a study was done by the National Association of Realtor’s sellers that used an agent sold for 28% more than those that didn’t
- Part of the reason is those homes were appropriated priced, nicely staged, and marketed well
- As agents, we are trained in those areas
- Since we practice those activities daily, we are more skilled than the average homeowner that may sell a few homes during their lifetime
We also provide clients with the most up to date market information which allows us to get the highest value per square foot and make a strong offer.
- Since having relationships with other agents and lenders, this provides us with better access to homes and knowledge on the best financing programs
Lastly, we work for you.
- This makes the process easier since we coordinate all showings, know which documents are needed and prepare for you, and use negotiating tactics that are proven to be effective
- Thus, getting you the best deal and saving you time and money in the long run
About The Author Of Benefits Of Using Realtor
Illinois Realtor Julie Hayward is one of the most respected and knowledgeable real estate agents in the state of Illinois.
- Most lenders refer Illinois Realtor Julie Hayward to all of their pre-approved borrowers
- This is because she knows what is best for the home buyers and her extensive knowledge in all areas of real estate
- Her husband and partner, Chad Hayward, is a prominent real estate attorney and an expert bankruptcy attorney
- Chad owns and operates the Law Offices Of Chad M. Hayward And Associates with a team of expert attorneys under his wings
- Illinois Realtor Julie Hayward is an expert in short sales, foreclosures, and all areas of real estate which also includes commercial real estate
Julie Hayward is a native of Illinois and knows the whole Chicagoland Area and its suburbs like her own backyard. Julie Hayward can be reached at 312-504-9228 or you can email Julie Hayward at [email protected] .