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WORKING
WITH A REALTOR®
Each
real estate transaction is different; the circumstances and the
parties involved are unique. However, in working with a REALTOR®,
some do's and don'ts always apply.
One
caveat: Don't ever hide anything, especially a problem, from your
REALTOR®. For instance, you should inform him or her of any
liens on your property, including the exact amount owed on loans.
And, most important, you must tell him or her about any defects
in the condition of your property. Failure to do so can make you
legally liable. If you have questions about whether a particular
problem constitutes a defect, consult your attorney.
The
REALTOR® will also need accurate information about taxes, heating
costs, age of the house, insulation, plumbing and waste disposal,
wiring capacity, room sizes, and warranties on appliances. Buyers
may assume that you will leave any personal property that is affixed
to the house - for instance, chandeliers, wall-to-wall carpeting,
draperies, and appliances. So if you plan to take such items with
you, it's a good idea to list them for your REALTOR®. This troubleshooting
approach can help prevent misunderstandings with buyers that could
keep you from closing the sale.
Communication
works both ways. Your REALTOR® should regularly report the progress
of his or her marketing efforts. But don't expect him or her to
be at your beck and call or even to check in with you several times
a week. Demanding constant attention may keep your REALTOR®
from doing his or her job - finding a buyer for your home or a home
for you to purchase. However, if weeks go by and you've heard nothing
from your agent, by all means call and ask for a status report.
Keeping
the lines of communication open will help you maintain a strong
working relationship with your REALTOR®.
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