What do buyer’s agents do?
Buyer Consultation
Listen to your goals and advise you on specific ways to meet them in today’s market
Provide names of lenders who are reputable, competitive, and creative
When requested, provide a list of questions to ask when shopping for lenders
Work with you and your lender to find the right loan program
Make appointments to see homes in an efficient manner at times convenient to you
Call “For Sale By Owners” that we find to see if their property would meet your needs
Attempt to negotiate commissions with “For Sale By Owners” so that you may buy the house with representation for the lowest cost
Explain the home buying process from start to finish
Call listing agent on properties of interest to ensure properties are available prior to showing
Frankly discuss resale potential of houses of interest
Arrange to have a licensed agent work with you when we are out of town or unavailable
Looking for Properties
Check MLS listings daily and communicate appropriate new listing information to you
Provide a list of home inspectors who have received high marks from previous buyers
Allow other real estate agents to see your home preferences for reverse prospecting
When requested, provide detailed information on market preferences for floor plans/area
Provide information/resources on current issues (e.g., oil tanks, lead paint, and radon gas)
Provide access to properties for sale at times convenient to you
Look carefully at properties which we tour to point out details which may be overlooked
Arrive on time to appointments and showings.
Network with hundreds of agents to get leads on new listings which might fit your needs
Keep informed about the areas in which you are looking.
Provide addresses and directions if we are driving separately to properties
Educate buyer as to today’s market conditions
Provide flashlight and measuring tape if needed when viewing houses
Provide our objective and honest opinion to all questions
Provide basic information on building materials
Provide information on inspection options
Show you amenities found in neighborhoods of interest (restaurants, community centers, etc.)
Carefully guard confidential information about you and your position
Keep an even temper, even in times of adversity
Care about our client’s comfort and best interest
Making an Offer
Pull tax records on property of interest
Confirm with city that the property is on sewer or septic, public water or well
Use sales agreement forms drafted and continually updated by Association of Realtors
Discuss benefits and drawbacks of purchase price
Discuss earnest money procedures
Discuss inspection options
Discuss appraisal timing
Discuss seller concessions
Review seller disclosures
Discuss standard contingencies
Coordinate with lender to ensure offer price and terms are acceptable
Present offer to seller
Provide information to you on seller, whatever may be known
Provide you with specific market data for property of interest
Follow up on questions with listing agents regarding houses of interest and report back promptly
Provide information on price appreciation in the defined areas
Provide assistance in reviewing nonstandard forms which may need to be signed
Help to inform you of standard procedures or practices in current market
After Offer is Accepted
Send contacts for local, licensed home inspectors
Work with lender to order the appraisal
Provide list of utility companies for home purchased
Provide names and numbers of reputable contractors for bids or information
Call lender on a regular basis to make sure the loan process is going smoothly
Provide information to appraiser as needed
Provide property access to contractors to get bids on repairs if necessary and if allowed by seller
Negotiate your position strongly and effectively
Review inspection report and help you prioritize items
Deliver paperwork and information quickly to all parties
Set up escrow account with escrow company with all necessary paperwork
Review preliminary title report with you and help identify any red flags
Review closing statement to make sure it is accurate and correct
Perform final walk through with you to ascertain that conditions of sale are met
Inform lender of escrow company to speed up flow of information
Coordinate appointments to sign documents
Coordinate exchange of keys
Provide buyer with a copy of all documents signed by buyer
Provide sales agreement to lender to complete loan process
Review sales agreement with buyer so that all terms are familiar
Coordinate re-inspection of repairs by lender if necessary
Answer questions that might arise after the sale is closed
Maintain a file in our office with all pertinent information should you need info or copies in the future
Send reminder regarding filing tax exemptions