In years past, the key to closing many of the deals on Portland homes for sale often relied on an agent’s networking skills. Those of us with a successful real estate history knew where to go to bring home sellers, lenders and buyers together.
In fact, the real estate community became so used to “the way things were done,” the standards for home purchasing and financing became a little lax. Today, regulators have taken aim at any less-than-transparent practices by, quite simply, changing the rules.
Were the “good ole’ days” competitive? Most definitely. Were they as competitive as they are today? Not even close.
Now, in order to complete contracts on Portland homes for sale, you have more transparency and a stricter set of industry standards, particularly when it comes to working with lenders. The good news is the changes in transparency and industry standards are designed to protect you as the seller and your buyer.
With Change Comes Education
With all the changes to the real estate industry, we, as real estate agents, have to stay informed in order to serve your best interests. After all, would you really want an agent following outdated rules from 10 years ago? Probably not, especially if you knew that outdated rules might make your sales contract useless.
How do we stay informed? One way is through the NAR. The National Association of Realtors®, the nation’s largest trade organization, has started several programs to keep agents updated on exciting developments and market trends. So every year we do 30 hours of continuing education.
Without continuing educational courses like these, staying updated on the real estate industry would be a lot harder. Most of us already have the experience, but ongoing training is also important. Why? So we know all the ways to attract buyers to your home, no matter what they’re looking for. In other words, learning what they’re looking for helps us to better understand what selling points your home has, and how best to market them.
Now, real estate deals are upfront and hidden agendas are (mostly) a thing of the past. Your goal, as owner/seller of one of the Portland homes for sale, is to make sure the agent you hire is up-to-date on any changes that may affect the sale.
Don’t be afraid to ask about their education and training. The best agent will be evident in the way they present their value added.
If you’d like to sell your home and want an informed real estate agent, look no further. Need more proof? Check out our Portland Real Estate Blog.