Real Estate Blog by David Phillips, REALTOR

Why Should You Hire a Realtor?

Why Should You Hire a Realtor?

In today’s world when so much information is available on the internet , you may be asking yourself  ”Why Should I Have a Real Estate Agent?”  You might be thinking that you could complete your own real estate transactions with relative ease.  Thus using a real estate agent is a thing of the past.

However, it’s important to recognize that although in the short run you may feel like you are saving money by not paying a commission; it may not always be that simple.  It might actually end up costing you even more in the long run.  Actually statistics show that selling your home with the assistance of a professional real estate agent will garner you a higher profit, enough to cover the commission as well as put more money in your pocket. According to the National Association of Realtor’s 2013 Profile of Home Buyers and Sellers, the average For Sale by Owner sales price was $174,900, while the average price for a home represented by an agent was $215,000, a difference of $40,100.

The process of buying or selling a home is not only a major financial commitment but also quite an emotional undertaking.  It’s often a complex situation that can be easier to navigate with an agent by your side. It’s helpful to have someone who is familiar with the process to assist you in navigating through the incredible amount of paperwork that comes with real estate transactions. And transactions aren’t just limited to paperwork; there are also the hiring inspectors, negotiating over who pays for needed repairs, keeping up good relations with the sellers (through their...

Tips for a Smooth Loan Approval

Tips For a Smooth Loan Approval

  • * Do continue making your mortgage or rent payments
  • * Do stay current on all existing accounts
  • * Do keep Working at your current employer
  • * DO continue to use your credit as normal
  • * DO call us if you have any questions
  • * DO NOT make a major purchase ( car, boat,fur, jewelry, etc)
  • * DO NOT apply for new credit ( even if you seem pre-approved)
  • * DO NOT transfer any balances from one accont to another
  • * DO NOT pay off charge offs or collections without a discussion with us first
  • * DO NOT buy any furniture
  • * DO NOT change bank accounts
  • * DO NOT max out or over charge on your credit card accounts
  • * DO NOT Start any home improvement projects
  • * DO NOT Finance any elective medical procedure
  • * DO NOT open a new cell phone account
  • * DO NOT open, close, combine or payoff any loans or credit cards without discussing it with us

If you encounter special situation, it is best to mention it to us right away so we can help you determine the best way to achieve your goals.