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 and land 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 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

What Do Realtors Do?

BUYERS & PROSPECTS

SELLERS

INSPECTIONS Schedule and coordinate:

Get BIDS on:

Must have KNOWLEDGE OF:

SUPPLIES Keep the following on hand to give out:

LEARNING AND SERVING

The Yosemite Gold Team