Although the latest statistics issued by the Florida Association of Realtors point to a 45% rise in the number of existing home sales in October as compared to the same month last year, and an amazing 82% jump in condo sales for the same period, there is nothing out there pointing to a full housing recovery yet. More so, with buyers and sellers needing a better understanding of the conditions of the sales environment in which they operate—how short sales impact pricing, how lenders are changing their standards for lending and how disclosure requirements might affect negotiating—it seems that the time for working with a realtor is perhaps more important now than ever before.
Every Realtor®, a member of the National Association of Realtors, is bound to subscribe to a strict code of ethics. Each must also be prepared to provide important services to the customer unraveling and interpreting the processes involved in buying and selling real estate, everything from providing required disclosures and documents, to locally relevant information for buyers making life changes. Realtors, too, serve as allies to their customers, providing negotiation and pricing know-how. They also serve as valuable marketing partners and as interpreters of the specific language relating to real estate. Their expertise on changes in the laws and regulations pertaining to transactions and their usefulness as third party participants greatly aid the buying and selling process.
Even though the real estate stars are looking up and more in our favor, don’t be fooled into thinking that the real estate market coast is clear. Find a realtor. See the light.