Who would challenge that this is not what a buyer wants from there Agent/Broker?
1. I want to get the Best loan program to fit my financial needs whether with the 30k cash I have for down payment and closing costs or with lowest out of pocket expense as well as lowest rates and terms loan approval to go shopping with. I only have a 599 fico score.
2. My Agent/Broker whom is an expert negotiator with many years of experience got me into escrow on the first home that I submitied an offer.
3. I went smoothly thru escrow and closed within 30 days.
4. My Agent/Broker is there for me in any other real estate or mortgage matters and as a business friend.
I don't have 5-10 because that is all that is needed as I am happy I am in my first home of my choice. I have an interest rate in the mid 3% fixed rate loan and funded all in within 30 days. I was going to get a 15yr loan and instead went with a 30 yr fixed. I will make an extra payment with my income tax every year towards my principal balance and pay off my mortgage within 17 years without the obligation of a higher payment. Thanks to the advice of my Agent/Broker - Sr. Loan Officer.
It is now time to have my open house and invite my Agent/Broker to see the home now with all my nice furniture in my new house. I was able to pay off the balance on my car with my savings and saved me just over $600 a month that I was paying on my car loan. I am grateful with the cash I saved from utilizing CHF Access half percent down payment and closing costs program. I closed with only half percent down payment and another 2k towards closing costs and saved 26k of what I thought I was going to have to spend. I was going to apply all my 30k but would have only saved $135 a month using my 26k that I spent on paying off my car loan. :) I am so happy living the American Dream of HomeOwnership and again building my future retirement in equity and this time I will not use my equity as an ATM...
Sheryl Arndt, Real Estate Broker â€“ Sr. Loan Officer CA only
REO & Short Sale Specialist
20+ Years Experience
@Tony - Your idea is a great one, especially for those agents who rent. As an investor, my frustration with agents and their ideals is why I got my broker's license in the first place. Actually, you and Brent could go have a coffee over the topic, both being from Carlsbad.
CA DRE 01775528
Let's say there is a penultimate list of 10 best that we can all agree with (which is nearly impossible), how would any buyer have the time, resources or sheer mental capacity to evaluate multiple buyer's agents across 10 qualities?
Simpler is better. How about we go for a single best quality. For me, it's trustworthiness.
2.they want what's best for their client regardless of what they think
3.the agent knows the market and provides a comp report for you
4. Most of all they aren't wanting to close you and move on they want to be a part of your life.
Willis Allen Real Estate
9. Having good teeth.
8. Smelling good.
7. Cool shoes.
6. Big muscles.
5. Sense of humor.
4. Stands up straight.
3. Can open a lock box in 4 seconds.
2. Drives a convertible.
1. Being awesome.
Being awesome is very important. :)
Seriously, what everybody else said.
In my opinion, a good buyer's agent is knowledgeable about the local markets, housing inventory and trends. A good buyer's agent has experience with short sales, foreclosures, remodels, and traditional sales.
Perhaps most importantly, a good buyer's agent works with YOU the buyer,to sort out and clarify what you are really looking for. Very often throughout a home search, a buyer's thoughts will change once they see the available homes in their search criteria. With a good buyer's agent, you need to be able to communicate and sort through all the homes that you see and evaluate them.
If you are a home buyer, you are really the one to answer the question about what your needs are. Since you posed it, I responded through the prism of a seasoned buyer's agent.
Sheryl Arndt, Real Estate Broker â€“ Sr. Loan Officer
REO & Short Sale Specialist
20+ Years Experience
2. Negotiation Skills
3. Answers their Phone
4. Good Listener (hears what the buyer is saying and applies the information properly)
6. Attention to Detail
If you are a buyers agent, do not get lazy, go out a few hours ahead of time and carefully inspect all properties you are going to show. If there is something wrong with the property, as you drive to it, tell the buyer what that problem is, for example: This property needs new carpet, I suggenst we ask for a carpet allowence.
Secondly, if you honestly put the customer's interest first, above your commission the amount of work you will do etc. The buyers pick up on that and become truly loyal. I never needed a buyer agreement. Then years later the buyer will go to sell the home, they will call you first, as their trusted advisor.
If you are a buyer I would say you need to find an agent with the above phylosophy, you would be surprised many agents look at it exactly this way. They are the most successfull agents.