What I do, what you do

I market real estate. You sell it. To explain: Let’s say you list a property with me as your Realtor. I market the property, that is, I advertise it, promote it, and try to find a buyer for it.

You, as the owner, can choose to sell it or not depending on the offer you receive. Only the owner, the title holder, can sell the property. By “sell” I mean to transfer the title to a new owner in exchange for payment.

The real estate agent may bring an offer to the owner. The owner may then enter into a contract with the buyer and transfer title to  the property. Thus the agent markets the property, the owner sells it.

My role is to bring a buyer and seller together in a contract.  The agent is a broker, a middle man or woman. The agent may represent the buyer, the seller, or neither. The agent always represents his or her broker.

The agent can represent the buyer or seller only with a written agreement signed by both parties.

As a broker, I represent myself. At the same time I can represent you as a buyer or a seller.

Always ask any time you’re not sure about some aspect of a listing agreement or any part of a contract. While a real estate agent or broker cannot give legal advice, he or she can usually explain the terms of a contract as stated in the pre-written contract forms.

1860 gem in Ellaville, Ga.

Webber house

This antebellum home in small town Ellaville, Ga. comes with some history. It is said to have been the home of Charles Frederick Crisp, speaker of the U.S. House of Representatives, 1891-1895. Do an Internet search for Crisp to learn more.

The house has wood floors, probably heart pine, which was widely used in homes built in the 1800s. The original windows have been updated with double glazed windows for better energy efficiency. Some rooms have plantation shutters. Some have custom made drapes. A wide porch wraps around three sides of the house. The roof is metal.

The property includes a three-bay carport, two storage buildings and a greenhouse. The lot measures 220 X 180 feet and is on the corner of two residential streets. For more details, go to http://americusgareatestate.net, listing No. 901881. Priced at $135,000.

How does real estate get sold?

Two parties have to find each other and enter into a contract that both of them find satisfactory. The seller is looking for someone who is ready, willing and able to buy his property for sale. The buyer is looking for a piece of property that comes as close as is practicable to what he wants.

In some cases the two parties find each other on their own without the help of a third party. They must successfully navigate through the process of agreeing on price, terms and conditions for a purchase and sale to take place.

In other cases, one or both parties use an agent, a licensed real estate practitioner, to help them find each other, get on the same page, and move through the contractual process to a satisfactory closure.

Both scenarios, whether or not an agent is used, requires the services of a lawyer to make sure the buyer gets good title to the property and to close the deal.  In Georgia, only licensed attorneys close real estate transactions.

And so, the seller is looking for a qualified buyer, and the buyer is looking for a property that meets his or her criteria as nearly as possible. The process usually involves advertising of the property for sale.

The seller can advertise the property at his or her own expense, or let a Realtor advertise it free of charge. The Realtor will try to find a buyer for the property in order to recoup his or her expenses, which include but are not limited to advertising expenses.

In a nutshell, that’s how real estate gets sold. Your comments are invited.


This Is Real Estate Today

This is a website for you to ask questions about real estate in the Americus-Sumter County area. Other readers are invited to join me in answering your questions. I’ll draw on my experience and resources in the business to address your concerns.

I’d like to ask you a question: If you’re trying to sell some real estate, how did you arrive at a commission rate with your agent? Did your agent suggest a way for you to get a break on the commission and still receive full service?

If you’re a buyer, does your house come with a home warranty? If you prefer, can you have a Lowe’s card valued at $400 instead of a home warranty?

These are questions worth asking because they may save you money as a seller or reward you as a buyer. Notice the title of this website: This Is Real Estate Today. Leave a comment or call me at 229-924-3089. Michael Dixon