The buyerâ€™s agent must be able to respond promptly to their client requests, which in todayâ€™s terms means being connected via various media such as mobile phone, email, text/IM messages, and tweets, and respond instantly in real time or within a few hours of being contacted by the client.
The buyer's agent must point the client in the right direct regarding getting prequalified. The agent must also know loan officers with a reputation to do things on time and keep the buyer informed during each step of the process. The agent must assist the buyer in the decision making process by preparing a market analysis report prior to making an offer.
The agent must provide the buyer a list of home inspectors that they have worked with in the past. The agent must be present during the home inspection along with the buyer and explain the inspectorâ€™s report in detail. The agent must also make sure that any required repairs are done satisfactorily
Throughout the process a great buyer's agent is in constant contact with the buyer, lender, and the title company. The agent must keep track of the paperwork trail and closely follow every step of the process to ensure that the closing takes place as scheduled. It is important that the agent perform the final walk-through with the buyer.
Potential buyers could use these points as a checklist while interviewing buyerâ€™s agents
Donâ€™t look for houses or visit a builderâ€™s community without talking first with a realtor to represent you. This is a time and resource consuming proposition for you. Also, be aware, that the Agent listed in the ad of the house you like to see represent the sellers. The Rep in the builderâ€™s community represent the builder. Meaning: They are on the opposite side of the table protecting the interest of their principals. Not you! The sellers agent and their principalâ€™s objective is to get more money for their house; the buyersâ€™ agent and the buyersâ€™ objective is to get less money and better terms in their purchase of their house. That is why it is critical that you have your own realtor to protect you financial interest in the purchase of your real estate. And there is no cost to you!!! The builder and/or sellers pay the buyersâ€™ realtor services which this is disclosed in the property profile in the MLS sheet of each property in the market.
The realtor you would select must first be willing to offer you at least an hour or so of free consultation in her office for you to ask all questions pertaining real estate transactions. This meeting will give you an opportunity to know the agent and for the agent to uncover your housing needs and housing criteria. She will have a Buyer Information Package (in a binder) and will explain the home buying process to get you more knowledgeable and educated of the process. An educated buyer makes better decision and is less stressed out in a sometimes overwhelming real estate processes. You will get this package of information and other useful materials to make you aware of the tax benefits, financing alternatives and investment aspects of home ownership among other things when you have an agreement that she will represent you. Once an agency agreement is signed a fiduciary relationship is created in the yes of the law between you and the agent. Meaning, now the agent will not only do her functionary work (like showing you listings and driving you around the neighborhood, etc.) but is now obligated to protect your interests in the real estate transaction. . A very important function of the realtor but often overlooked by buyers! Then, your realtor can connect you to a loan officer to get you preapproved for financing. This is to determine your buying power and for you to know what what price range of house you should be looking for!! Once you got the pre approval letter, you are ready to move forward in the search of houses and to view these with your realtor. Buying real estate is very much a cooperative effort between the buyers and their realtor. If you do your part, you should be homeward bound anytime soon!! Great decision now that the mortgage interest is in an all time low!!! Good luck!!
Many of the people I talk with have moving here to the Triangle on their â€˜wish listâ€™. Some folks have never been here before. So as their buyers agent, the work begins with acclimating them to all of the wonderful areas Wake County has to offer.
Itâ€™s by listening to their needs - not just about what their â€˜dreamâ€™ home looks like, but also about their lifestyle that is so important as a buyers agent. Being able to introduce them to areas that would fit all of their needs, or those of their family. So much more goes into buying a house and making it a home...
Once the area is decided on itâ€™s house hunting time. With the internet itâ€™s never been easier to send info on the homes that match their needs in their favorite area; doing so enables a good buyers agent to fine tune that list so that when they are ready to buy they can hit the road running.
As a buyers agent itâ€™s experience that comes to the limelight. From guiding clients to preparing their best possible offer, negotiating on their behalf, to handling all the fine details needed for a smooth on time closing.
Communication is key ~ because with a good buyers agent youâ€™ll feel like youâ€™re joined at the hip!
Great agents listen, show and tell. It's elementary!