What Do Realtors Do?

BUYERS & PROSPECTS

What Realtors Do

  • Inform prospective buyers of local: Weather, schools, places to stay, eat and
  • play, smog check requirements, outdoor burning, firewood permits, snow plowing, zoning regulations, wildlife, pet restrictions, plants and landscaping, geography
  • Go on agent tours to get familiar with the new house listings or preview houses on their own
  • Keep car clean and neat and ready for use as a “second office”
  • Show houses to prospective buyers
  • Draft purchase contracts, counter-offers, addendum’s, contingency waivers, repair requests
  • Advise on home warranties with purchase, choose proper coverage for that home, assist with home warranty company repairs or disputes
  • Keep informed about daily mortgage rates
  • Gather basic financial info to give to lender for more detailed borrower qualification
  • Give applications for propane service to buyers
  • Give contact information to buyers to change utilities into their name

SELLERS

What Realtors Do

  • Prepare a price analysis and help seller set a realistic, competitive asking price
  • Determine seller’s net proceeds based on the likely sales price and their loans
  • Measure the house & check against records at County Building Department
    and Pine Mountain Lake Association
  • Research building permits
  • Find property survey monuments or hire someone to find them and mark them
  • Advise seller on “staging” the house to maximize a good impression: yard work, repairs, moving furniture, reducing clutter, eliminating odors, cleaning carpets, house and garage
  • Put up FOR SALE signs
  • Install lock-box with key for agents to use in showing the house
  • Take photographs of the house at different times of day and of every room
  • Input and update property information and photos to Multiple Listing Service Present the listed property in a detailed color brochure
  • Present the listed property on websites
  • Present the listed property in written advertisements
  • Research different advertising methods and media
  • Check listed houses for agent cards/showings and follow-up on their buyers feedback. Encourage showings by other agents by providing information, flyers, and “talking up” property to them
  • Check listed houses for leaks, lights, maintenance problems and security
  • If requested by owner, turn on or off the water, the heating or cooling, the electricity
  • Present offers to sellers
  • Submit septic plot plans applications to Environmental Health
  • Help draft/deliver Notices to Vacate to tenants
  • Help dispose of furniture & appliances by selling or hauling to the dump or giving away
  • Review site plans and floor plans with spec builders
  • Disclosures: Property defects, Natural Area Hazard, smoke detector, Pine Mountain Lake HOA restrictions, utility rates, water heater strapping, lead-based paint, sex offender database, earthquake, insurance claim history
  • Review preliminary title report for issues with liens, easements, unrecorded loan payoffs, potential clouds on title that must be cleared before title can change hands
  • Help owner work with neighboring property owners and title company to resolve road or utility easements
  • Review escrow instructions for conformity with the written purchase contract and estimated closing costs for accuracy of bills
  • Review appraisals
  • Check on warranties that may still cover the property under the new buyer
  • When asked, refer clients to: appraisers, lenders, insurance agents, eviction services
  • Prepare Broker Price Opinions for mortgage holders, estate executors, attorneys

INSPECTIONS Schedule and coordinate:

  • Chimney
  • Septic system
  • Roof
  • Well productivity and water potability tests
  • Whole home inspection
  • Structural pest (termite) inspection
  • Structural or soils engineer

Get BIDS on:

What Realtors Do

  • Brush clearing, tree trimming and tree removal
  • Grading and driveway installation, asphalt and sealing
  • Correcting drainage problems
  • Re-roofing
  • Painting & deck sealing
  • House cleaning and carpet cleaning
  • Moving propane tanks
  • Replacing septic tanks
  • Structural pest repairs
  • Pest control of bats, ants, spiders
  • New flooring, heating & cooling

Must have KNOWLEDGE OF:

  • Market activity and real estate trends
  • Real estate tools of lease options, seller financing, equity lines, foreclosure, construction loans
  • County Ordinances and State laws regarding real estate and development
  • US Forest Service roads and annual permits to use them for primary access
  • Environmental Control Committee: draft letters for applicants regarding tree removal, road encroachment widening, shed locations, etc
  • Splitting or merging lots, abandoning Public Utility Easements, re-setting missing survey monuments
  • Construction, architecture, building materials
  • How the vacation rental programs work
  • Pine Mountain Lake Homeowner’s Association: ECC Guidelines, amenities and fees, politics, finances, restrictions, Fire Safety
  • Guidelines, Conditions, Covenants and Restrictions
  • Tax ramifications in general (refer to accountant for specifics)
  • 1031 tax deferred exchanges
  • Primary home capital gains tax exclusions
  • Ways to take title in general (refer to lawyer for specifics)

SUPPLIES Keep the following on hand to give out:

  • Telephone books, area maps, activities guides, lodging lists, church lists, organized group lists Yosemite guides, Forest Service guidebooks, Visitor’s Guides
  • Recorded restrictions of the local homeowner’s associations:
  • Pine Mountain Lake, Country Club Village, Oak Tree Condos, Sundowner Condos, Cedar Hills Condos, Yosemite Acres, Yosemite Vista Estates, Graham Ranch
  • Lists of contractors and other service providers

LEARNING AND SERVING

  • Follow the National Association of Realtors (NAR) Code of Ethics
  • Be familiar with the rules of the Multiple Listing Service (MLS)
  • Serve on Association of Realtors committees or board
  • Get continuing education for license renewal every four years
  • Learn to use: computers, software, internet, e-mail, digital cameras

…AT LEAST, THIS IS WHAT GROVELAND RE/MAX REALTORS DO