Finding a buyer for your home without listing it can seem like a huge win. However, the journey from accepting an offer to closing the sale involves numerous complexities. Here’s why enlisting a real estate broker important:
◦ Navigating Commissions: Commission rates aren’t fixed by law and can be negotiated. Discuss your needs with your broker to find the best fit, especially if you’ve found the buyer yourself.
◦ Ensuring Legal Binding: Verbal agreements aren’t legally binding in real estate. A broker will provide the necessary forms, such as purchase agreements, to formalize offers.
◦ Handling Earnest Money: Your broker will manage the earnest money, typically 1-2% of the purchase price, ensuring it’s securely held in escrow, protecting your interests if the buyer backs out.
◦ Managing Terms and Contingencies: Beyond price, brokers ensure all sale terms and contingencies, like financing, inspections, and appraisals, are properly included to avoid future disputes.
◦ Facilitating Closing: From coordinating schedules to ensuring all legal documents are in order, a broker guides you smoothly to the closing table.
Hiring a broker not only helps navigate these crucial steps but also provides a buffer between you and the buyer, ensuring a smoother transaction overall. As a broker associate myself, I have encountered multiple clients who had the same issues when they tried opting for selling their homes by themselves. Worry not! You can always contact me at (858) 345-0685.
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Shirin Rezania Ramos | 858.345.0685 | www.shirinramos.com | Compass, DRE 0203379
