What is a
Real Estate Buyer's Agent?
A real estate buyer's agent represents the
consumer who is purchasing the property
in the real estate transaction. This agent owes full fiduciary responsibilities,
duties and loyalty to the real estate buyer. The buyer's agent
works for the buyer client and has the clients best interests in mind
through out the entire real estate transaction
process.
The Benefits of Using a
Buyers Agent
Using a Buyers Representative offers the
consumer many benefits.
- Evaluate the specific needs and wants of
the buyer and locate properties that
fit those specifications.
- Assist the buyer in determining the
amount that they can afford (pre-qualify) and show properties in that
price range and locale the consumer
has determined.
- Assist in viewing properties and either
accompany the client on the showings or
preview the properties on behalf of the client to insure that the
identified specifications are met.
- Research the selected properties to
identify any problems or issues to help the
consumer in making an informed decision prior to making an appropriate
offer on the property.
- Advise the client on structuring an
appropriate offer to purchase the selected
property.
- Present the offer to the sellers agent
and seller on the clients behalf.
- Negotiate on behalf of the buyer client
to help obtain the identified property.
Keep in mind that the buyer agent will be doing so with their clients
best interests in mind.
- Review and explain all legal documents
to their buyer client.
- Recommendations and assistance in
securing appropriate financing for the selected property.
- Provide a list of potential qualified
vendors e.g. movers, attorneys, carpenters
if these services are needed by the consumer.
Most importantly, the buyer would know that
they are fully represented throughout the real estate transaction.
After all, in most cases the seller is!
Who
In most cases the Buyers Agent is
compensated by sharing the commission that the seller has already agreed
to pay their agent. The buyer can receive representation
at no additional cost to themselves. Even in the case of NEW HOMES,
make no mistake about it, the Sales Rep's in the Model Homes are highly
trained representatives for the BUILDER, and are there to sell you their
homes. You can work with these Rep's and still have someone on your side!
A Buyers Agent can look out for your best interests, show you the entire
market, and still be paid from funds the builders have already set aside
to market their homes.
Why should I use Carmen & Ski to
help me Buy a Home?
- Respond honestly and accurately to all
questions.
- Search all available properties -
listed, for sale by owner, foreclosures, and new construction - for
homes appropriate to the buyer's needs and wants.
- Show suitable homes, specifying
strengths and weaknesses.
- Provide guidance on best property
values.
- Advise on local requirements for
professional property inspection and warranties.
- Provide information for any services
requested
- Arrange for property inspection.
- Confirm that needed corrections or
repairs to the property have been completed.
- Research and analyze comparative
financial data on neighboring properties.
- Offer broker opinions on value of
properties under consideration.
- Analyze mortgage loan terms from
multiple lenders and advise on the most favorable.
- Consult on appropriate offers to
purchase.
- Submit offers promptly.
- Consult on counteroffers.
- Assist in choosing the closing
authority.
- Review HUD-1 settlement statement for
accuracy.
- Retain strict confidentiality in every
aspect of the transaction.
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