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
- Prepare a CMA so that you make an informed decision when offering a price.
- Advise you on what comparable properties are selling for.
- Explain common contract contingencies.
- Obtain appropriate seller disclosures.
- Prioritize your goals.
- Help create a negotiating strategy to achieve those goals.
- Ensure that you receive and understand all state and federally required disclosure forms.
- Handle the completion of the offer to purchase or sales contract.
- Educate you on the contents of the sales contract.
- Ensure that all appropriate additional forms are completed.
- Assist you in getting the best property and the best price with the least amount of inconvenience based on current market conditions.
- 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
- Recommend inspectors, lenders, attorneys, and other professionals as necessary.
- Be an advocate and advisor during the closing process.
- Review and discuss home inspection concerns.
- Monitor and communicate required contract deadlines to ensure that you meet them.
- Assist in coordinating communications between the listing agent, lender, attorneys, title company, appraiser and other professionals.
- Accompany you on the walk-through prior to closing to ensure the property is in the same condition as when you entered the contract.
- Remain a life-long trusted advisor regarding real estate questions, needs, or concerns.