Friday Facts – What a Buyers Agent Does For You Part 2

FRIDAY FACTS

January 30, 2015

 

From the Real Estate Buyer’s Agent Council of the National Association of Realtors

WHAT YOUR BUYER’S AGENT DOES FOR YOU

 

The last post outlined:

Help in arranging financing

Assist in finding the right property

Educate you on market conditions.

Here, we’ll cover the remaining two areas where your Buyer’s Agent helps you reach “home”:

Guide You Through Making an Offer and Represent You and Your Interests in Negotiation

 

  1. Prepare a CMA so that you make an informed decision when offering a price.
  2. Advise you on what comparable properties are selling for.
  3. Explain common contract contingencies.
  4. Obtain appropriate seller disclosures.
  5. Prioritize your goals.
  6. Help create a negotiating strategy to achieve those goals.
  7. Ensure that you receive and understand all state and federally required disclosure forms.
  8. Handle the completion of the offer to purchase or sales contract.
  9. Educate you on the contents of the sales contract.
  10. Ensure that all appropriate additional forms are completed.
  11. Assist you in getting the best property and the best price with the least amount of inconvenience based on current market conditions.
  12. Prepare you for multiple offer situations and develop negotiation strategies specific to multiple offers.

Get You to Closing and Serve as Your Trusted Real Estate Resource

  1. Recommend inspectors, lenders, attorneys, and other professionals as necessary.
  2. Be an advocate and advisor during the closing process.
  3. Review and discuss home inspection concerns.
  4. Monitor and communicate required contract deadlines to ensure that you meet them.
  5. Assist in coordinating communications between the listing agent, lender, attorneys, title company, appraiser and other professionals.
  6. Accompany you on the walk-through prior to closing to ensure the property is in the same condition as when you entered the contract.
  7. Remain a life-long trusted advisor regarding real estate questions, needs, or concerns.
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