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Appreciating the Numerous Steps an Agent Takes for Homeowners
With more real estate resources available on the Internet, it may seem as if buying and selling a home is an easy task. These 101 reasons will show you the extent of knowledge and experience that an agent provides to help you through a real estate transaction. This list reflects actions, procedures and processes that a real estate agent may typically perform during a residential real estate transaction - and are all things that you could avoid doing yourself.
Typical Pre-Listing Activities
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1. Research Current Properties
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2. Research Sales Activity from MLS and public records databases
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3. Provide Average Days on Market Assessment
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4. Review Property Tax Roll
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5. Prepare a Comparable Market Analysis (CMA)
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6. Verify Ownership and Deed Type
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7. Verify
County
Public
Property Records
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8. Perform Curb Appeal Assessment
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9. Provide Public School Value
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10. Provide a Listing Presentation
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11. Analyze Current Market Conditions
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12. Present Credentials
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13. Deliver CMA Results
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14. Discuss Planning and Strategy
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15. Explain Listing Contract, Disclosures & Addendum
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16. Screen Calls from Buyers or Agents
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17. Explain Homeowner Warranty
Selling the Property Activities
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18. Review Title Details
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19. Order Plat Map
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20. Create Showing Instructions
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21. Obtain Mortgage Loan Information
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22. Review Homeowner Association Fees and Bylaws
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23. Submit Homeowner Warranty Application
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24. Add Homeowner Warranty in MLS
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25. Review Electricity Details
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26. Arrange Inspections for City Sewer/Septic Tank Systems
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27. Collect Natural Gas Information
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28. Provide Security System Status
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29. Determine Termite Bond Status
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30. Analyze Lead-based Paint Status
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31. Distribute Disclosure Packages
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32. Prepare Property Amenities
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33. Detail Inclusions & Conveyances with
Sale
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34. Compile Repairs Needed List
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35. Send Seller Vacancy Checklist
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36. Install Lockbox
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37. Make Copies of Leases for Rental Units (if applicable)
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38. Verify Rents, Utilities, Water, and Deposits for Rentals
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39. Inform Tenants of Listing for Rentals
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40. Install Yard Sign
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41. Perform Interior Assessment
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42. Perform Exterior Assessment
Advertising and Marketing a Listing
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43. Enter a Profile Sheet into the MLS Listing Database
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44. Provide Copies of MLS Agreement
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45. Take Additional Photos for MLS and Marketing
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46. Create and Advertise Property Listing
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47. Coordinate Showing Times
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48. Create and Mail Flyers
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49. Compare MLS Listings
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50. Develop Marketing Brochure
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51. Notify the Network Referral Program
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52. Create Special Feature Cards
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53. Analyze Feedback Emails and Faxes
Handling Offers and Contracts
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54. Receive Offer(s) to Purchase
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55. Evaluate Net Sheet
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56. Counsel and Mediate Offer(s)
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57. Deliver Seller's Disclosure
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58. Obtain Pre-qualification Letter
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59. Negotiate Offers on the Seller's Behalf
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60. Mediate Counteroffers or Amendments
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61. Fax Contract Copies
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62. Deliver
�
Offer to Purchase
�
Copies
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63. Assist with Escrow Account
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64. Distribute Under-Contract Showing Restrictions
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65. Update MLS to
�
Sale Pending
�
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66. Review Credit Report
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67. Deliver Unrecorded Property Information
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68. Order Well Flow Test Reports (if applicable)
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69. Order Termite Inspection (if applicable)
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70. Order Mold Inspection (if applicable)
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71. Confirm Deposit and Buyer's Employment
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72. Follow Up with Loan Processing
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73. Communicate with Lender
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74. Confirm Approval of Loan
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75. Remove Loan Contingency
Home Inspection and Home Appraisal Activities
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76. Coordinate Buyer's Home Inspection
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77. Review Home Inspector's Report
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78. Interpret Loan Limits
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79. Verify Home Inspection Clauses
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80. Contractor Preparation
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81. Confirm Repair Completion
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82. Attend Appraiser Appointment
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83. Provide Appraiser Information and Remove Contingency
Closing Preparations and Actions
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84. Ensure Contract is Sealed
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85. Coordinate Closing Process
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86. Coordinate Closing Formal Procedure
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87. Assist with Title Issues
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88. Perform Final Walk-through
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89. Verify Tax and Utility Preparations
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90. Review and Distribute Final Closing Figures
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91. Request Closing Document Copies
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92. Confirm Receipt of Title Insurance Commitment
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93. Make Homeowners Warranty Available
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94. Review Closing Documents
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95. Confirm and Assist with Final Deposit
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96. Coordinate with Next Purchase
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97. Ensure "No Surprises" Closing
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98. Final MLS Update
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99. Follow Up and Resolve Repairs
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100. Documentation Follow Up
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101. Hand the keys to the new owner
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