Which way is cheaper? Online advice or a traditional real estate agent?

The world of real estate is changing. For residential real estate, a good real estate broker does more than people think. You never know when a transaction is going to go side-ways and you need a skilled real estate agent. Wealth Realty offers both traditional services and online services. The online service cannot replace the eyes-on, hands-on services of a traditional agent. This service is here for you when you wish or need to represent yourself. It is also here for the gaps of information in the real estate system. For landlords, tenants, insurance shoppers, title queries, there is all but a coded language which makes simple answers hard to find.

To find out some of what Nevada real estate agents do for sellers or buyers, look below.

What Real Estate Agents Do

What Real Estate Agents Do

For Sellers:

Identify

  • Review public records

  • Potential title issues

  • Specific microeconomic factors effecting time and/or value

Advise

  • Current regulations and laws that effect home sellers and home buyers

  • Common practices and systems to avoid post-closing credit and financial issues

  • Advise of mandated disclosures and waiting periods

Analysis

  • Help clarify motivations and options for selling vs. alternatives

  • Determine the best selling price strategy based on past trends and current market conditions

  • Prepare estimated net sheet

  • List and estimate carrying costs, including maintenance cost and schedule

Property Preparation

  • Advise on repairs and improvements

  • Provide interior staging strategies

  • Provide exterior staging strategies

Marketing

  • Determine need for pre-listing appraisal

  • Develop marketing plan and budget

  • Establish marekting timetable

  • Coordinate and obtain listing photos

  • Prepare accurate listing material to encourage offers

  • Input listing into MLS

  • Input listing into IDX for distribution to over 5,000 websites

Showings

  • Seek feedback from potential buyers

  • In the case of a buyer is not represented by a real estate agent, pursue information to potential buyer’s ability to buy

  • Arrange and coordinate showings

  • Exclusive time to show property

Receive an Offer

  • Evaluate offers for legality

  • Evaluate offer for timetable, terms, revise estimated net sheet

  • Evaluate offer for percentage chance of closing

  • Investigate to determine if qualifications presented by buyer are valid at time

  • Present offer

Negotiating to Sell

  • Draft any counteroffers or disclosures rnecessitated by offer

  • Advise on final terms and conditions

  • Promote and present counter offer for acceptance

Sell

  • Prepare post-contract work list

  • Attend home inspection

  • Receive any repair request

  • Arrange quotes and advise on repairs and vendor services

  • Facilitate vendor services

  • Maintain required paperwork and distribute to entitled parties

  • Follow and pursue completion of contractual timelines

Preclose Preparation

  • Counsel opportunities and liabilities for non-compliance

  • Coordinate and supervise document preparation

  • Track and monitor buyer side vendors for compliance

  • Review closing documents for compliance to contract items

  • Evaluate financial closing documents for accuracy

  • Coordinate final approval for recordation

Post Closing

  • Review acceptance of deed by Recorder

  • Assist with post closing issues

For Buyers:

Analysis

  • Analyze buyer’s wants and needs

  • Help buyer get clear picture of ideal home

  • Inform buyers for transaction costs due to lender, escrow/title, County and other property-type specific costs

Qualification

  • Provide insight into how a seller will view pre-qualification

  • Provide insight into the timelines associated with lending

  • Provide information on various lender, loan programs and typical costs of programs

  • Obtain non-credit pull estimated homeowners insurance quotes

Pre-Showing

  • Determine listings that meet buyer’s physical criteria

  • Determine listings that meet buyer’s loan criteria, including communication with lender

  • Determine listings that meet buyer’s timelines

  • Search outside of buyer’s criteria to determine if any factor were not present if the listing could work

  • Organize and schedule home search process

  • Potentially preview properties via drive by or onsite visits to determine suitability

Showing

  • Final status updates on showings selected

  • Exclusive time of 2-3 hours showing properties

  • Advise on contract issues present and possible homes

  • Advise on contract options present and possible homes

Make an offer

  • Compare homes and value of properties

  • Review property history

  • Discuss detail of comparables and contract items

  • Prepare estimated closing cost worksheet

  • Draft contract for buyer approval

  • Prepare and send offer to listing broker

  • Communicate to listing broker value of offer

  • Overcome objections or concerns of seller

Negotiating to Buy

  • Continue negotiations, potential for drafting counter offer or other documentation

Vendor Coordination

  • Advise buyer of various vendors strength and weakness

  • Coordinate home inspection, pest inspection, sub-inspections

  • Exclusive time of meeting necessary vendors

Contract Supervision

  • Open escrow

  • Facilitate earnest money deposit

  • Coordinate with escrow, title, seller, lender to meet contractual benchmarks

  • Notice any party of breech or potential breech of contractual terms or timelines

  • Provide pre-closing consulting

Closing

  • Preview closing documents.

  • Resolve last minute issues

  • Attend signing

Post Closing

  • Assist with post closing issues, such as gate access