The Least You Should Know About Boca Raton Realtors

Boca Raton Home Sales Process for 2018 – 2019

Today’s real estate agent must bring an arsenal of sales tools and knowledge to compete with the rest of the agencies found in South Florida. Understanding the luxury market is key to success when working with sellers and finding the right buyer for upscale homes. Also, there are some trends you should be aware of to determine if this is the right time for you to sell your waterfront condominium. We’ve outlined the least you should know about Boca Raton Realtors and the trends that follow for 2018 – 2019.

The Process and Steps to a Real Estate Sale

The process of the sale is an excellent way to understand what each real estate agent forecasts for selling a listing. This list may help you to be clear on what step the buyers are at and how the realtor guides them along the way. While this system isn’t set in stone, it is an excellent way for you to measure the progress for you to sell your oceanfront property.

1. Get Prequalified

2. Determine a Budget including Closing Costs and More

3. Find a Real Estate Agent

4. Make a Wish List of Amenities and Necessities

5. Visit Prospective Properties

6. Offer Made

7. Escrow

8. Inspections

9. Take Possession

Getting Pre-Qualified is Necessary and Saves Time

Each potential client will have a step by step method that will help everyone to keep things simple. Getting prequalified is an essential beginning of the process since many people with high profile accounts may have a desire to own multiple properties and are at different stages of their lives. For example, a first-time home buyer who may be a successful entrepreneur might be interested in a large penthouse. However, the bank will make the final determination of the type of budget the buyer qualifies for and should determine before home shopping. This first step allows the agent the proper amount of time without waste of precious days to complete each home sale.

Don’t Forget About Additional Closing Costs

Besides determining the budget, getting pre-qualified may mean additional understanding costs, such as closing to set up utilities in the new homeowner’s name. Some people are unaware extra things such as lender fees, wire transfers and running a credit report include a 2-5% expense. In that case, buyers may experience stress or may negate from buying a home altogether. A professional realtor can help guide you through these issues and are transparent when it comes to any hidden fees. 

Key to Finding the Right Agent

Finding a real estate agent is one of the first steps for you to take when selling your Boca Raton dwelling. These professionals offer more than being a host for an open house. They come with a healthy book of business and have extensive up to the date knowledge of where the market is heading. If you’re someone who has been contemplating hiring one of these individuals or selling your home on your own, think about the time, investment and multiple legal issues that may block you from the process. Any agent who has lasted in the business 5-years or more should have a clear aptitude on how to guide and protect his clients whether they are buying or selling. If you’ve been looking to sell your home, these smart experts can expedite the sale, while protecting you as a client. Take your time finding someone to assist you who is active and has talent. These specialists can make or break a deal so be sure to find an agent who has experience, understands the next market, is knowledgeable on interest rates and the mortgage issues, and who is an authority in the field.

Why Wish Lists are an Important Part of the Process

Home buyers will make a wish list of amenities that are important to them. Whether they are seeking a home with a resort-style swimming pool or one that has an ocean view, these critical aspects are features that are hand-selected by each buyer. They may need to look at several properties before making their final decision. It’s important to recognize if the buyer is in this stage, they may not close on a luxury property before seeing what’s out there. In other words, be patient and hope for the best if you’re selling a high-end home.

The Role Your Realtor Takes Once a Property is Landed by Prospective Buyer

Once a buyer has found a prospective property, they will speak with the agent who will help them make an offer. If this is the next step in the procedure there may be several properties, the prospects may have an interest, and this part could take some time. Once the buyer makes an offer, and the seller accepts the next step is placing the condo in escrow. Your agent will be holding your hand through this stage, and you’ll need all the support you can get as this phase can include some roadblocks from both buyer and seller. For instance, if the home has a lien, the agent will have to help find the proper channels to work around such an issue. At this point, the agent collects the down payment or earnest money to secure the loan. There’s also a sea of paperwork such as loan documents that will need to coordinate and obtained for the transaction or settlement will be complete. If any hurdles are coming from you, the seller, these hiccups will need to be addressed and solved. All housing codes must be met and ensured they are compliance with the city. Besides, home inspections will be taking place at this point of the process to ensure the investment is a solid one. Once all these parameters are met and clear, the buyer will get the keys and will complete with a final walk-through.

Real Estate Agent Re-Cap

Because selling a home can be a lot of work, an agent is necessary to help you along the way. They oversee there’s progression during each step. More importantly, they help clear roadblocks and issues you may experience along the way. These talented individuals also assist the buyers in answering any questions and addressing objectives. If you’re still contemplating the importance of an agent, consider the amount of marketing and the expense involved in selling your property. Unless you have several connections, time to show your home and the workforce to drive sales, you may want to develop a course of action involving the right professional for the job? The advancement for hiring the right agency, broker, etc., is undoubtedly significant and can certainly expedite the process. With over 2016 condominium complexes found throughout the city, there’s plenty of inventory. A well-informed agent can help find the right buyer for the right home. No matter what phase you’re in with the process, your agency will help lessen the stress guiding you along the way. They are your representative to accomplishing your goals and are necessary to make the transaction a smooth one, indeed.

Contact our offices today to learn more about our experienced and knowledgeable staff.