What do buyer’s agents do?

Buyer Consultation

  1. Listen to your goals and advise you on specific ways to meet them in today’s market

  2. Provide names of lenders who are reputable, competitive, and creative

  3. When requested, provide a list of questions to ask when shopping for lenders

  4. Work with you and your lender to find the right loan program

  5. Make appointments to see homes in an efficient manner at times convenient to you

  6. Call “For Sale By Owners” that we find to see if their property would meet your needs

  7. Attempt to negotiate commissions with “For Sale By Owners” so that you may buy the house with representation for the lowest cost

  8. Explain the home buying process from start to finish

  9. Call listing agent on properties of interest to ensure properties are available prior to showing

  10. Frankly discuss resale potential of houses of interest

  11. Arrange to have a licensed agent work with you when we are out of town or unavailable

Looking for Properties

  1. Check MLS listings daily and communicate appropriate new listing information to you

  2. Provide a list of home inspectors who have received high marks from previous buyers

  3. Allow other real estate agents to see your home preferences for reverse prospecting

  4. When requested, provide detailed information on market preferences for floor plans/area

  5. Provide information/resources on current issues (e.g., oil tanks, lead paint, and radon gas)

  6. Provide access to properties for sale at times convenient to you

  7. Look carefully at properties which we tour to point out details which may be overlooked

  8. Arrive on time to appointments and showings.

  9. Network with hundreds of agents to get leads on new listings which might fit your needs

  10. Keep informed about the areas in which you are looking.

  11. Provide addresses and directions if we are driving separately to properties

  12. Educate buyer as to today’s market conditions

  13. Provide flashlight and measuring tape if needed when viewing houses

  14. Provide our objective and honest opinion to all questions

  15. Provide basic information on building materials

  16. Provide information on inspection options

  17. Show you amenities found in neighborhoods of interest (restaurants, community centers, etc.)

  1. Carefully guard confidential information about you and your position

  2. Keep an even temper, even in times of adversity

  3. Care about our client’s comfort and best interest

Making an Offer

  1. Pull tax records on property of interest

  2. Confirm with city that the property is on sewer or septic, public water or well

  3. Use sales agreement forms drafted and continually updated by Association of Realtors

  4. Discuss benefits and drawbacks of purchase price

  5. Discuss earnest money procedures

  6. Discuss inspection options

  7. Discuss appraisal timing

  8. Discuss seller concessions

  9. Review seller disclosures

  10. Discuss standard contingencies

  11. Coordinate with lender to ensure offer price and terms are acceptable

  12. Present offer to seller

  13. Provide information to you on seller, whatever may be known

  14. Provide you with specific market data for property of interest

  15. Follow up on questions with listing agents regarding houses of interest and report back promptly

  16. Provide information on price appreciation in the defined areas

  17. Provide assistance in reviewing nonstandard forms which may need to be signed

  18. Help to inform you of standard procedures or practices in current market

After Offer is Accepted

  1. Send contacts for local, licensed home inspectors

  2. Work with lender to order the appraisal

  3. Provide list of utility companies for home purchased

  4. Provide names and numbers of reputable contractors for bids or information

  5. Call lender on a regular basis to make sure the loan process is going smoothly

  6. Provide information to appraiser as needed

  7. Provide property access to contractors to get bids on repairs if necessary and if allowed by seller

  8. Negotiate your position strongly and effectively

  9. Review inspection report and help you prioritize items

  10. Deliver paperwork and information quickly to all parties

  11. Set up escrow account with escrow company with all necessary paperwork

  12. Review preliminary title report with you and help identify any red flags

  13. Review closing statement to make sure it is accurate and correct

  14. Perform final walk through with you to ascertain that conditions of sale are met

  15. Inform lender of escrow company to speed up flow of information

  16. Coordinate appointments to sign documents

  17. Coordinate exchange of keys

  18. Provide buyer with a copy of all documents signed by buyer

  19. Provide sales agreement to lender to complete loan process

  20. Review sales agreement with buyer so that all terms are familiar

  21. Coordinate re-inspection of repairs by lender if necessary

  22. Answer questions that might arise after the sale is closed

  23. Maintain a file in our office with all pertinent information should you need info or copies in the future

  24. Send reminder regarding filing tax exemptions