What are the services provided by the Real estate agents to home sellers?

Real Estate Agents provide the following long list of services to the real estate property sellers.

Pre-Listing Activities

1 Make appointment with seller for listing presentation

2 Send seller a written or e-mail confirmation of listing appointment and call to confirm

3 Review pre-appointment questions

4 Research all comparable currently listed properties

5 Research sales activity for past 18 months from MLS and public records databases

6 Research "Average Days on Market" for this property of this type, price range and location

7 Download and review property tax roll information

8 Prepare "Comparable Market Analysis" (CMA) to establish fair market value

9 Obtain copy of subdivision plat/complex lay-out

10 Research property's ownership & deed type

11 Research property's public record information for lot size & dimensions

12 Research and verify legal description

13 Research property's land use coding and deed restrictions

14 Research property's current use and zoning

15 Verify legal names of owner(s) in county's public property records

16 Prepare listing presentation package with above materials

17 Perform exterior "Curb Appeal Assessment" of subject property

18 Compile and assemble formal file on property

19 Confirm current public schools and explain impact of schools on market value

20 Review listing appointment checklist to ensure all steps and actions have been completed

Listing Appointment Presentation by Sellers Realtor

1. Give seller an overview of current market conditions and projections

2. Review agent's and company's credentials and accomplishments in the market

3. Present company's profile and position or "niche" in the marketplace

4. Present CMA Results To Seller, including Comparables, Solds, Current Listings & Expireds

5. Offer pricing strategy based on professional judgment and interpretation of current market conditions

6. Discuss Goals With Seller To Market Effectively

7. Explain market power and benefits of Multiple Listing Service

8. Explain market power of web marketing, IDX and Find Real Estate, Homes for Sale, Apartments & Houses for Rent

9. Explain the work the brokerage and agent do "behind the scenes" and agent's availability on weekends

10. Explain agent's role in taking calls to screen for qualified buyers and protect seller from curiosity seekers

11. Present and discuss strategic master marketing plan

12. Explain different agency relationships and determine seller's preference

13. Review and explain all clauses in Listing Contract & Addendum and obtain seller's signature

14. Help you to sell your Home to the highest value of the property

After Property is Under Listing Agreement with the listing Real Estate Agent / Real Estate Brokerage Agency

1. Review current title information

2. Measure overall and heated square footage

3. Measure interior room sizes

4. Confirm lot size via owner's copy of certified survey, if available

5. Note any and all unrecorded property lines, agreements, easements

6. Obtain house plans, if applicable and available

7. Review house plans and make copy

8. Order plat map for retention in property's listing file

9. Prepare showing instructions for buyers' agents and agree on showing time window with seller

10. Obtain current mortgage loan(s) information: companies and & loan account numbers

11. Verify current loan information with lender(s)

12. Check assumability of loan(s) and any special requirements

13. Discuss possible buyer financing alternatives and options with seller

14. Review current appraisal if available

15. Identify Home Owner Association manager if applicable

16. Verify Home Owner Association Fees with manager - mandatory or optional and current annual fee

17. Order copy of Homeowner Association bylaws, if applicable

18. Research electricity availability and supplier's name and phone number

19. Calculate average utility usage from last 12 months of bills

20. Research and verify city sewer/septic tank system

21. Water System: Calculate average water fees or rates from last 12 months of bills )

22. Well Water: Confirm well status, depth and output from Well Report

23. Natural Gas: Research/verify availability and supplier's name and phone number

24. Verify security system, current term of service and whether owned or leased

25. Verify if seller has transferable Termite Bond

26. Ascertain need for lead-based paint disclosure

27. Prepare detailed list of property amenities and assess market impact

28. Prepare detailed list of property's "Inclusions & Conveyances with Sale"

29. Compile list of completed repairs and maintenance items

30. Send "Vacancy Checklist" to seller if property is vacant

31. Explain benefits of Home Owner Warranty to seller

32. Assist sellers with completion and submission of Home Owner Warranty Application

33. When received, place Home Owner Warranty in property file for conveyance at time of sale

34. Have extra key made for lockbox

35. Verify if property has rental units involved. And if so, Make copies of all leases for retention in listing file. Verify all rents & deposits

36. Inform tenants of listing and discuss how showings will be handled

37. Arrange for installation of yard sign

38. Assist seller with completion of Seller's Disclosure form

39. Review results of Curb Appeal Assessment with seller and provide suggestions to improve salability

40. Review results of Interior Décor Assessment and suggest changes to shorten time on market

41. Load listing into transaction management software program. Entering Property in Multiple Listing Service Database

42. Prepare MLS Profile Sheet -- Realtors are responsible for "quality control" and accuracy of listing data

43. Enter property data from Profile Sheet into MLS Listing Database

44. Proofread MLS database listing for accuracy - including proper placement in mapping function

45. Add property to company's Active Listings list

46. Provide seller with signed copies of Listing Agreement

47. Take additional photos for upload into MLS and use in flyers. Discuss efficacy of panoramic photography

Marketing The Listing property

1. Create print and Internet ads with seller's input

2. Coordinate showings with owners, tenants, and other Realtors®. Return all calls - weekends included

3. Install lock box if authorized by owner.

4. Prepare mailing and contact list. Generate mail-merge letters to contact list. Prepare flyers & feedback

5. Order "Just Listed" labels & reports

6. Review comparable MLS listings regularly to ensure property remains competitive in price, terms,conditions and availability

7. Prepare property marketing brochure for seller's review.

8. Arrange for printing or copying of supply of marketing brochures or fliers

9. Place marketing brochures in all company agent mail boxes

10. Upload listing to company and agent Internet site, if applicable

11. Mail Out "Just Listed" notice to all neighborhood residents

12. Advise Network Referral Program of listing

13. Provide marketing data to buyers coming through international relocation networks

14. Provide marketing data to buyers coming from referral network

15. Provide "Special Feature" cards for marketing, if applicable

16. Submit ads to company's participating Internet real estate sites

17. Price changes conveyed promptly to all Internet groups

18. Reprint/supply brochures promptly as needed

19. Feedback e-mails sent to buyers' agents after showings &Review weekly Market Study.

20. Discuss feedback from showing agents with seller to determine if changes will accelerate the sale

21. Place regular weekly update calls to seller to discuss marketing & pricing

22. Receive and review all Offer to Purchase contracts submitted by buyers or buyers' agents.

23. Evaluate offer(s) and prepare a "net sheet" on each for the owner for comparison purposes

24. Counsel seller on offers. Explain merits and weakness of each component of each offer

25. Contact buyers' agents to review buyer's qualifications and discuss offer

26. Deliver Seller's Disclosure to buyer's agent or buyer upon request and prior to offer if possible

27. Confirm buyer is pre-qualified by calling Loan Officer

28. Obtain pre-qualification letter on buyer from Loan Officer

29. Negotiate all offers on seller's behalf, setting time limit for loan approval and closing date

30. Prepare and convey any counteroffers, acceptance or amendments to buyer's agent

31. Email or Fax copies of contract and all addendums to closing attorney or title company

32. When Offer to Purchase Contract is accepted and signed by seller, deliver to buyer's agent

33. Record and promptly deposit buyer's earnest money in escrow account.

34. Put "Under-Contract Showing Restrictions" as seller requests

35. Deliver copies of fully signed Offer to Purchase contract to seller

36. Fax/deliver copies of Offer to Purchase contract to Selling Agent (Buyers agent)

37. Provide copies of signed Offer to Purchase contract for office file

38. Advise seller in handling additional offers to purchase submitted between contract and closing

39. Change status in MLS to "Sale Pending"

40. Update transaction management program to show "Sale Pending"

41. Review buyer's credit report results -- Advise seller of worst and best case scenarios

42. Provide credit report information to seller if property will be seller-financed

43. Order septic system inspection, if applicable

44. Receive and review septic system report and assess any possible impact on sale

45. Deliver copy of septic system inspection report lender & buyer

46. Deliver Well Flow Test Report copies to lender & buyer and property listing file

47. Verify termite inspection ordered & Verify mold inspection ordered, if required

48. Tracking the Loan Process

49. Confirm Verification Of Deposit & Buyer's Employment Have Been Returned

50. Follow Loan Processing Through To The Underwriter

51. Add lender and other vendors to transaction management program so real estate agents, buyer and seller can follow

Closing Preparations and Real Estate Agents Duties & Responsibilities

1. Contract Is Signed By All Parties

2. Coordinate closing process with buyer's agent and lender

3. Update closing forms & files

4. Ensure all parties have all forms and information needed to close the sale

5. Confirm closing location, date and time and notify all parties