February 15th, 2024 12:41 PM by Linda Holley
Good afternoon,
Do you know what a Realtor's number one duty is? It's honesty, Realtors are bound by the The National Association of Realtors Code of Ethics. Standard of Practice 1-3 REALTORS®, in attempting to secure a listing, shall not deliberately mislead the owner as to market value.
Today, more than ever, the most important three words in real estate for sellers and buyers are listen, listen, listen. If your Realtor or agent says your property is worth $250k, you're not going to get $450k even though you lovingly maintained it, have a new HVAC, and repainted the interior and exterior.
If you've recently replaced the HVAC, it's maintenance and not an expense for which you should expected to be reimbursed. There is a difference between maintaining a property and updating a home. Unless you are adding improvements that have energy efficiency, such as attic insulation or solar panels, you won't recover all of the money you've put into your remodeling projects. If you replace your roof, you can expect to receive 71% of your expenses. For a minor kitchen remodel, expect to get 83% of your expenses.
If you'd like me to send you a chart on Remodeling Projects with the Greatest Return, email me at LindaHRealtor@Gmail.com, subject: Remodeling Projects.
Below is a link to the Realtor Code of Ethics for more information.
Call Linda Holley, Sarasota Realtor, GRI, SRES, CIPS, Fine Properties, 941-914-4914 for your real estate needs in Sarasota, Venice, and Bradenton, Florida.
The Code of Ethics (nar.realtor)
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