Is Your Agent Equipped?

Is your real estate agent equipped with the tools to conduct your transaction?

Is your agent equipped with the tools to conduct real estate?

Why Some Real Estate Agents Can’t Fully Help Their Clients

Is your agent equipped? The truth is, real estate tools like Sentrilock, MLS access, and other tech platforms and resources are not always included automatically. Agents have to opt in—and pay for them. Some choose to cut costs by skipping these subscriptions, but that choice often limits their effectiveness.

If your real estate agent doesn’t have all the tools, that means lost opportunities, delays, and a frustrating experience for clients who think their agent is fully equipped to conduct their transaction.

Does Your Real Estate Agent Have Full Access to Sentrilock?

is your agent equipped

One of the lesser-known realities in real estate is that not all agents have access to the tools they need to serve their clients effectively. A prime example? Many agents don’t subscribe to Sentrilock—the system used to access electronic lockboxes that are used to list and show properties.

This might sound like a minor detail, but it’s a big deal.

Without Sentrilock, an agent literally can’t get into many homes to show them to buyers. And for listings, electronic lockboxes have been shown to add a level of safety, preventing unscheduled or even unlicensed access to your home.

Is Your Real Estate Agent Truly Equipped to Handle Your Transaction?

When selecting a real estate agent, it’s essential to consider if they are fully equipped to handle your needs—whether you’re buying or selling. It’s not just about knowing the market; an agent should be armed with the right tools, up-to-date knowledge, and a deep understanding of local ordinances and laws.

A well-equipped agent has access to the latest technology, from MLS systems to lockbox tools like Sentrilock, to ensure they can access and show properties seamlessly. But tools are just part of the equation.

They also need to stay current on the latest contracts, legal requirements, and industry norms, which can change frequently. Real estate laws differ from state to state, and even city to city, so having an agent familiar with local regulations—like zoning laws, permits, and ordinances—can prevent costly mistakes.

An agent who is truly prepared knows how to navigate complex contingencies, manage timelines, and advise clients on the best course of action based on the latest market trends and legal requirements. They won’t just rely on outdated practices—they’ll ensure you’re getting the most accurate, relevant advice every step of the way.

Make sure your agent is fully equipped to handle all the moving parts of your transaction. It could make all the difference in securing the best deal and protecting your investment.

So when choosing an agent, it’s worth asking: Do they have all the tools needed to get the job done?


Title: Is Your Real Estate Agent Equipped to Handle Your Transaction?

Section 1: Essential Tools Every Real Estate Agent Should Have

  • MLS Access
    • Listing updates
    • Market analysis and comparables
  • Lockbox Access (e.g., Sentrilock)
    • Easy access to show properties
    • Streamlined transaction process
  • Digital Signing Tools
    • Convenient contract execution
    • Paperless process

Section 2: Up-to-Date Knowledge and Expertise

  • Current Contracts
    • Familiarity with the latest forms
    • Understanding new clauses and addendums
  • Local Ordinances and Laws
    • Zoning laws
    • Building permits and code requirements
  • Market Trends
    • Knowledge of current interest rates
    • Understanding local market fluctuations

Section 3: Local Familiarity

  • Neighborhood Insights
    • Knowledge of local amenities and schools
    • Insights into neighborhood value trends
  • Local Norms
    • Understanding local buyer/seller expectations
    • Familiarity with local closing practices

Section 4: Key Negotiation Skills

  • Buyer’s Needs
    • Identifying and securing the right home
    • Negotiating contingencies and price
  • Seller’s Needs
    • Pricing strategy and market positioning
    • Handling offers and counteroffers

Section 5: Protecting Your Investment

  • Legal Guidance
    • Ensuring compliance with local and state laws
    • Risk mitigation (e.g., contingencies, disclosures)
  • Efficient Timelines
    • Handling deadlines and ensuring smooth closings

Conclusion: Make Sure Your Agent Is Fully Equipped!

  • Do They Have All the Tools?
    • Are they up-to-date on current contracts and laws?
    • Are they familiar with local norms and ordinances?
    • Do they have the right technology to support your needs?

(FAQ) Frequently Asked Questions About Real Estate Agents

Q1: What are the fundamental technological tools and access that a competent real estate agent should possess? A competent real estate agent should have reliable access to the Multiple Listing Service (MLS) for up-to-date listing information and market analysis, including the ability to pull comparables. They also need lockbox access, such as SentriLock, to efficiently show properties. Furthermore, proficiency with digital signing tools is essential for convenient and paperless contract execution.

Q2: Why is it crucial for a real estate agent to have current knowledge of contracts, local ordinances, and market trends? Familiarity with the latest real estate contracts, including new clauses and addendums, is vital for ensuring transactions are legally sound. Agents must also understand local zoning laws, building permit requirements, and other relevant ordinances to guide clients effectively. Staying informed about current interest rates and local market fluctuations enables agents to provide informed advice on pricing and negotiation strategies.

Q3: How does an agent’s local familiarity benefit a buyer or seller in a real estate transaction? An agent with strong local familiarity can provide valuable neighborhood insights, including information about local amenities, schools, and neighborhood value trends. They also understand local buyer and seller expectations and are familiar with local closing practices, which can contribute to a smoother and more successful transaction.

Q4: What key negotiation skills should a real estate agent possess when representing a buyer? When representing a buyer, an agent should be skilled at identifying and understanding the buyer’s needs and then finding suitable properties. Crucially, they must be adept at negotiating price and various contingencies (like inspection or financing) to protect the buyer’s interests and secure the right home under favorable terms.

Q5: What key negotiation skills should a real estate agent possess when representing a seller? For sellers, an agent needs strong skills in developing a sound pricing strategy and effectively positioning the property in the market. They must also be capable of skillfully handling offers and counteroffers to achieve the seller’s goals and secure the best possible price and terms.

Q6: How does a real estate agent protect a client’s investment throughout the transaction process? A knowledgeable agent protects their client’s investment by ensuring compliance with all relevant local and state laws. They also play a crucial role in risk mitigation by incorporating appropriate contingencies into contracts and ensuring necessary disclosures are made. Their understanding of legal guidance helps prevent potential issues down the line.

Q7: What role does an efficient agent play in managing timelines during a real estate transaction? An efficient real estate agent is responsible for diligently managing deadlines associated with various stages of the transaction, from initial offers to inspections, appraisals, and ultimately the closing. Their proactive approach helps ensure a smooth and timely closing process, minimizing potential delays and complications.

Q8: Beyond basic licensing, what are the overarching indicators that a real estate agent is truly well-equipped to handle a transaction effectively? A truly well-equipped agent demonstrates a combination of factors beyond basic licensing. This includes having access to and utilizing essential technological tools, possessing up-to-date knowledge of contracts and laws, demonstrating strong familiarity with the local market and norms, exhibiting proficient negotiation skills tailored to their client’s needs, and proactively working to protect their client’s investment through legal awareness and efficient timeline management.


What’s your home worth?

By Dan Krell
Copyright © 2025

Disclaimer. This article is not intended to provide nor should it be relied upon for legal and financial advice. Readers should not rely solely on the information contained herein, as it does not purport to be comprehensive or render specific advice. Readers should consult with an attorney regarding local real estate laws and customs as they vary by state and jurisdiction. Using this article without permission is a violation of copyright laws.

Myth-Busting, Home Selling Edition

Myth-Busting Home Selling Edition

The Home Seller Myth-Busting Guide – The Truth About Selling Your Home


myth-busting

Getting bad information can be costly when selling a home. Unfortunately there’s a lot of misinformation being spread about selling homes these days. Some from social media, and some even from real estate agents. Myth-busting requires you to be mindful of what you’re hearing from others and the media, including real estate agents! If something doesn’t sound right – question it, and if necessary get a second opinion.

Here’s the truth behind some of the most common myths:


Myth #1: You MUST Offer a Buyer’s Agent Commission, or Your Home Won’t Get Shown

myth-busting

There is no requirement for a seller to offer a Buyer Agent commission

❌ False: “You must offer Buyer Agents compensation or your home will not get shown”
Truth: Buyer agents are obligated to show properties that fit their clients’ needs, regardless of seller compensation. There is no requirement to offer a set Buyer Agent commission in order to have buyers visit the property.


Myth #2: You Must Spend Thousands on Staging & Updates to Sell

❌ False: “All renovations will help you get more money for your home.”
Truth: Not all renovations give a return on investment. Strategic, minor updates like cleaning and decluttering can be more effective.


Myth #3: The First Offer is Always the Worst Offer

❌ False: “The first offer is often too low, wait for a better offer.”
Truth: Waiting too long can lead to lower offers over time. Serious buyers often act quickly.


Myth #4: You Should Overprice Your Home to “Test the Waters” & Lower It Later

❌ False: “Price your home high to see if you get a buyer, and you can always lower it.”
Truth: Pricing it right from the start attracts serious buyers and better offers. Overpricing leads to longer market times and price reductions.


Myth #5: There’s a “Secret” Way to Bring in Buyers

❌ False: “Exclusive buyer pools” are better than the MLS.”
Truth: The best exposure comes from MLS listings and strategic marketing. The MLS spreads your listing worldwide—providing the most exposure to home buyers.


Myth #6: All Agents Are the Same

❌ False: “There is no difference in what agents bring to the table.”
Truth: Experience and marketing strategies vary. An experienced, full-time agent ensures a smooth process and maximized profit.


The Bottom Line

Getting the correct information from real estate agents is key in making decisions that are in your best interest. Exercising due diligence when interacting with potential listing agents can help you see through the deceptions and obfuscations.

What’s your home worth?

By Dan Krell
Copyright © 2025

Disclaimer. This article is not intended to provide nor should it be relied upon for legal and financial advice. Readers should not rely solely on the information contained herein, as it does not purport to be comprehensive or render specific advice. Readers should consult with an attorney regarding local real estate laws and customs as they vary by state and jurisdiction. Using this article without permission is a violation of copyright laws.

MLS sale trumps investor offers

REAL ESTATE DEEP DIVE PODCAST: MLS listing can you make more money compared to investor offers

If you’re considering selling your home, you may be weighing the options: selling directly to a real estate investor or listing your property on the MLS. While investors promise quick sales, listing on the MLS offers distinct advantages that can put more money in your pocket with less hassle.

MLS sale trumps investor offers

MLS sale trumps investor offers
MLS sale trumps investor offers
  1. Zillow Research Confirms: MLS Listings Sell for More
    According to a recent Zillow study, homes listed on the MLS sell for 5.7% more on average than those sold off-market, including direct investor deals. In some markets, the difference is even greater—up to 13.2% more! This means that skipping the MLS and selling directly to an investor could cost you tens of thousands of dollars.
  2. Competitive Offers vs. Single Lowball Offer
    When you sell directly to an investor, you’re usually dealing with one or two offers—often well below market value. By listing on the MLS, multiple investors (as well as traditional buyers) can compete for your home, driving the price higher and maximizing your profit.
  3. Beware of Unlicensed “Wholesalers” Profiting Off Your Home
    Many real estate investors act as unlicensed brokers, making money by “wholesaling” your property to another investor at a huge markup—sometimes 10% or more of your home’s value. That’s profit that could have gone straight to you! Instead of letting investors take advantage, listing your home on the MLS ensures transparency and fair competition for the highest possible price.
  4. Sell Your Home As-Is—Just Like Investors Promise
    A common misconception is that you must fix up a home to list it on the MLS. That’s not true! You can sell your home “as-is” just like you would to an investor—without repairs or renovations—while still benefiting from the competitive market.
  5. Lower Commission, More Profit
    With recent changes in real estate commission structures, sellers now only pay the listing agent—sometimes as low as 1% commission. Compare that to selling to an investor, where hidden wholesaling profits can take a huge cut out of your home’s value. Listing on the MLS ensures that more of your home’s equity stays with you.
  6. Homes Are Selling Quickly in Today’s Market
    One of the biggest reasons sellers consider investor offers is speed. However, in the current real estate environment, homes continue to sell quickly on the MLS. You can close fast while ensuring you get the best possible price.

The Bottom Line
Selling directly to an investor might seem convenient, but it often means leaving thousands—if not tens of thousands—of dollars on the table. Zillow research proves that the MLS gets sellers more money. The MLS gives you the best of both worlds—a fast sale at a higher price with lower commission. Don’t settle for the first offer—let the market work for you!

What’s your home worth?

By Dan Krell
Copyright © 2025

Disclaimer. This article is not intended to provide nor should it be relied upon for legal and financial advice. Readers should not rely solely on the information contained herein, as it does not purport to be comprehensive or render specific advice. Readers should consult with an attorney regarding local real estate laws and customs as they vary by state and jurisdiction. Using this article without permission is a violation of copyright laws.

Choosing a Realtor

Real Estate Deep Dive Podcast – How to Choose a Realtor

How are buyers and sellers choosing a Realtor?

A National Association of Realtors survey once asked that same question. Most buyers and sellers responded they hired the agent they first encountered. Although the logic may seem counter intuitive, the means by which home buyers and sellers encounter their agents may provide an explanation.

Choosing a realtor
Buy and Sell a home

Both home buyers and sellers reported that the top means of finding their real estate agent was through a referral from a friend or family member.

Repeat business was the second most frequent way indicated in choosing a real estate agent; meaning that the home buyer and/or seller hired the agent that assisted them in the past.

The internet was also indicated as a way of finding a real estate agent; however it was not the top way of meeting an agent.

Regardless of how you find your real estate agent, it is probably a good idea to find out more about them before they list or sell your home. A conversation about their experience, knowledge, and expertise is probably a good way to start.

Additionally, knowledge about the local market is extremely important as well as market trends.

Many agents have specialized knowledge for specific types of transactions, such as short sales, 1031 exchange, divorce, etc). If you need someone with specialized experience, make sure the agent you choose has the knowledge and resources to make your transaction close smoothly.

Many buyers and sellers still call the big-name agencies, even though your transaction relies on the experience and skill of the agent you hire (not the company name).

The bottom line: Asking friends and family for referrals as well as calling the agent you previously worked with is a good way to find a real estate agent. However, vetting the agent to make sure they’re a good fit for you can be achieved by asking the right questions before you hire them.

Search homes!

By Dan Krell
Copyright © 2025

Disclaimer. This article is not intended to provide nor should it be relied upon for legal and financial advice. Readers should not rely solely on the information contained herein, as it does not purport to be comprehensive or render specific advice. Readers should consult with an attorney regarding local real estate laws and customs as they vary by state and jurisdiction. Using this article without permission is a violation of copyright laws.

Market Update Podcast

Podcast Market Update

Housing Market Update February 2025

Washington D.C. metro area new pending sales dropped 9.5% year-over-year with 3,485 contracts in February 2025. This is the slowest pace of February contract activity since 2008.

Market Update
Real Estate Market Update

Home sales are generally lower because new listings continue to lag behind the pace of demand. Listings were down 2.6% compared to a year ago.

At the end of February, The number of homes for sale increased about 30% year over year. Although inventory has expanded across housing types, only condo active listings have recovered compared to their pre-2020 levels.

The median sold price in February 2025 was $597,000, a 6.6% increase compared to last year. Prices have risen about 40% over five years in the Washington D.C. metro area.

What’s your home worth?

By Dan Krell
Copyright © 2025

Disclaimer. This article is not intended to provide nor should it be relied upon for legal and financial advice. Readers should not rely solely on the information contained herein, as it does not purport to be comprehensive or render specific advice. Readers should consult with an attorney regarding local real estate laws and customs as they vary by state and jurisdiction. Using this article without permission is a violation of copyright laws.