The Job Description of a Plainfield or Naperville Real Estate Agent and How They Get Paid Leave a comment »
Not using a Plainfield or Naperville Realtor to purchase your next home never crossed your mind probably for good reason... you don't have to pay for your representation, the seller does it for you! Having buyers representation provided at the cost of the seller is a wonderful thing. You are protected by the laws and regulations set forth by the state of Illinois in accordance with my licensing, and I get paid at the closing table for my time, knowledge and experience, in maintaining the transaction. Win-win, right!? Well... almost. There isn't a single moment in a buyers transaction that I am guaranteed to be paid for my time and effort. My services are rendered in advance on the assumption that you will be purchasing a home sometime in the near future using me for your buyers representation or as your Plainfield or Naperville real estate agent. Not everyone understands the crazy way in which a Realtor actually gets paid, or in some cases, doesn't. There are many people in the general population who think that agents merely "show people houses", but the truth is, that is only the beginning. Depending on the buyer, the "showing houses" part of the transaction can be a tedious and time consuming part of the transaction, as it should be. Finding the perfect home for some people can take weeks or months; for others it can be the very first house they see. The time involved in this process goes well beyond opening the doors of the houses my client chooses to preview. It takes time to search for specific criteria, pre-view neighborhoods, map out showings, call listing agents, and drive to and from the appointments. After you've found the perfect house, it's my job to provide you with closed comps for you to base your offer on. Making sure that you know the market in neighborhood you are making an offer on, is my responsibility in representing you. Alerting you to a great find is equally important if you are concerned about missing out on a great deal.
Writing the contract and negotiating the transaction are also time consuming and necessary components to my profession. My phone rings at the grocery store, the dentist, and even at 2:00 AM!!! Once the sale is pending there's still work to be done. Getting in contact with the loan officer or mortgage broker and attorneys are necessity. Keeping in constant contact with both of these individuals throughout the remainder of the sale is key to a successful closing. Unexpected requirements, or changes to dates and mortgage criteria, can have devastating effects on a transaction if they are not discovered until the last minute. It's my job to intercept these situations. The end result will be that approximately 4-6 weeks after your offer is accepted you'll be carrying cardboard boxes over the threshold of your new home. One thing that any real estate agent hopes is that you'll treat us with the same respect and honesty we give to you. Using more than one agent is misleading and time consuming for the agent who won't be getting paid... I don't know of many people who work for free, but this happens every single day in the world of real estate when buyers fail to disclose that they are already working with another agent when asked. If you are unhappy for any reason with the service the agent you have chosen, just be kind and release them of their duty. Using two agents when you can only purchase one house isn't really honest or fair when one of them won't be paid for the time and effort. I'm not exactly sure that everyone completely understands what an agent really does to earn their commission, but I hope that this information is a good resource for anyone in the market for buyers representation in Plainfield or Naperville, IL. If you want to more about what my representation can do for you, call me at 630-673-6233. http://www.chicagorealestateplainfieldhomes.com/003B5F ![]() ![]() ![]() ![]() ![]() Comment on this article This post has no comments awaiting moderation. About This Post Posted by julie.ferenzi : This post has 257 views and was posted on June 24, 2008 09:37:05
Posted in Buyers, Sellers |
Julie Ferenzi, Realtor
I am a veteran real estate agent serving the Chicago communities of Chicagoland, Plainfield, Joliet, Romoeville and Naperville. I specialize in helping my Chicago neighbors buy and sell their suburban luxury homes.
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