Real Estate is a complicated process!
Real estate has become a very complicated business. Selling (or buying) a home can be one of the most stressful and important financial transactions of your life. That's why it pays to work with a professional who specializes in this field , such as Lux Port Group’s team of professionals.
Becoming a licensed Real Estate broker requires thorough training and examination. Texas requires continuing education in real estate for license renewal. Brokers are compensated on their ability to sell properties quickly and cost-efficiently - and are only compensated when a transaction is complete.
Why It Pays to Use a Professional
It's important to find a professional who is a REALTOR® or Real Estate broker. Why? A REALTOR® is someone who, as a member of the local, state, and national trade associations, adheres to a strict code of ethics. Recently, the National Association of REALTORS® commissioned a nationwide survey to determine whether REALTORS® were doing their job professionally. The results were impressive: 97 percent of respondents indicated they received "excellent" or "very good" service from their REALTOR®.
When you use an experienced broker, you'll get the benefit of past professional experience and training from the moment you consider selling your house. Your agent will help you establish a fair market value from his or her daily dealings in your neighborhood, and make it easier to obtain a quick sale in today's market -- helping you receive the equity in your home.
If you wish to participate in financing the purchase of your property, your agent or broker can also recommend a mortgage professional whom he/she works with on a consistent basis.
Real estate brokers are professionals at marketing properties -- that's their job. They can choose the media -- and the marketing that brings interested prospects to your home. They'll interview and qualify buyers for you. They'll use their sales skills and negotiating techniques to help you receive the best possible return on your sale.
Every brokerage office has a steady stream of prospects that no individual can match. National referral networks, a huge online marketing website and social media presence also help to reach buyers from out of town - or out of state. Lux Port Group L.L.C. also works with several relocation companies.
When you work with the Lux Port Group, they will follow-up with other agents who have shown your property and share their constructive comments on cosmetic repairs, financing arrangements, or re-evaluating your list price.
An agreement between buyer and seller is just the beginning of a final transaction. From that point on your agent or broker can handle the details and paperwork necessary to complete the transaction from inspection and termite reports to homeowners insurance and closing arrangements with the title company. As an expert in real estate, Lux Port Group will give you advance estimates of your closing costs and net proceeds from the sale, as well as keeping you informed of the details to assure a smooth and timely closing.
If You Are Buying a Home
For most of us, a home is the single biggest purchase in our lives. The enormity of the financial transaction aside, finding the right home to fit our lifestyles is no easy undertaking. Just as you wouldn't buy a car, computer or camcorder without doing some research into various models and prices, you shouldn't consider purchasing a home without some expert advice and guidance. Though some people may think of using the services of a REALTOR® only when selling their homes, a REALTOR® can be invaluable when buying one as well. ESPECIALLY a new home! A lot of folks think they don’t need a broker or REALTOR® when purchasing a new home, but exactly the opposite is true! I have saved my clients tens of thousands of dollars by them using my services.
For instance, a REALTOR® can help you determine how much home you can afford based on your financial situation, help you get prequalified for a loan, and even inform you about available financing options. A REALTOR® also is an expert on the neighborhood, and can provide detailed information about schools, transportation, local taxes and community characteristics. Using a REALTOR® also means gaining access to homes listed in the Austin Multiple Listing Service (MLS), an important marketing tool used by REALTORS® to inform other REALTORS® about available properties. That means a REALTOR® can give you information about a wide range of available homes from which to choose. When it comes to finding out if you're paying too much, a REALTOR® can provide you with market analyses comparing asking and selling prices of homes in the neighborhood. Finally, a REALTOR® can serve as the liaison between you and the seller, bringing to the table negotiating expertise and knowledge about required disclosures and the housing market.
If You Are Selling a Home
You probably know that working with a REALTOR® is an indispensable part of selling your home. For one thing, your REALTOR® can list your property in the Multiple Listing Service (MLS), providing your home with incomparable exposure and ensuring you have as many REALTORS® as possible helping to find a buyer. But that's not all a REALTOR® does to market your home. He or she knows how to specifically target advertising to reach buyers for your home, and uses all the marketing tools available to ensure that your home is sold quickly and for top dollar. Additionally, a REALTOR® conducts a variety of other marketing efforts on your behalf, from holding open houses, to website exposure, social media exposure, magazine advertising, and handling phone inquiries to showing your home to the prospective buyers.
What does a REALTOR®/Broker do for you besides find buyers? A REALTOR®/Broker provides information on local market conditions to help you price your property realistically and fairly, and keeps you abreast of changes in the marketplace which may affect your property. And let's face it: buying or selling a home means paperwork, lots of it. When it comes to closing a home, a REALTOR® can be invaluable, leading you through the paper trail and complexities such as familiarizing you with escrow, insurance, property disclosures and inspection procedures, just to name a few.