Benefits of using a buyer's agent.
A buyer's agent is critical for first time homebuyers and even experienced investors. There are many important things that take place behind the scenes and it may not be easy for you tackle them by yourself in a timely manner. See the list yourself
| Before starting home search |
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| Discuss Buyer's Goals |
| Provide Home Buyer Checklist |
| Discuss Different Types of Buyer Financing |
| Explain Closing Costs fo Buyers |
| Explain Earnest Money to Buyers |
| Refer Qualified Lender Contacts |
| Explain the Loan Process |
| Obtain Mortgage Loan Pre-Approval |
| Confirm Current Lender |
| Create Internal File for Buyers |
| Create Buyer Agency Agreement |
| Explain Buyer & Seller Agency Relationships |
| Provide Overview of Current Market Conditions |
| Explain Your Personal Value fo Buyers |
| Explain Your Companys Valve to Buyers |
| Provide Local Info On Areas |
| Explain the Value of The Neighborhoods |
| Provide Local Info On Schools |
| Explain the Value of Schools on Market |
| Explain Consumer Logic Versus Emotions |
| Home Search | Handling Offers & Contracts |
|---|---|
| Provide List of Homes for Sale | Counsel Buyers on Offer Strategies |
| Pre-Screen Homes for Buyers | Counsel Buyers on Pricing |
| Tour Properties With Buyers | Examine “Buying Power" |
| Explain In-Door Cameras & Showings | Negotiate Seller Concessions |
| Verify Keys Went Back in the Lockbox | Create Offer Contracts |
| Gather Comps on Interested Homes | Provide Pre-Approval fo Listing Agent |
| Explain Seller's Staging Strategy | Negotiate Contracts |
| Explain Marketing Versus Realty | Explain All Disclosure Forms |
| Communicate with Showing Services | Negotiate All Terms on Buyers’s Behalf |
| Walk through Home After Showing | Determine Earnest Money Terms |
| Tum Off All Lights After Showing | Deliver Earnest Money On Time |
| Work with Tenants for Showings | Verity All Signatures Completed |
| Keep Track of All Showings | Schedule Home Inspection with Sellers |
| Research Property Tax Info | Aitend Home Inspection |
| Research Properly Ownership & Deed | Verify MLS Data with Listing Agent |
| Research Property's Zoning Restrictions | Identify Any Red Flags |
| Research Neighborhood HOA | Negotiate Closing Date |
| Research MLS Data | Communicate with Listing Agent |
| Explain Average Days on Market | Negotiate Inspection Objection Deadline |
| Advise on Property Condition | Communicate with Buyer's Lender |
| Advise About Property Location | Continually Verify Buyer's Funding |
| Explain Seller Marketing Tactics | Explain Earnest Money Process |
| Explain 3D Tour Marketing | Negotiate Loan Objection Deadline |
| Describe the Buyer Pre-Screening Process | Communicate With Title Company |
| Video Potential Homes for Buyers | Keep Everyone On Schedule |
| Establish Showing Instructions for Buyers | Return ALL Calls ASAP - Weekends Included |
| Map Out Homes for Showings | Verity Interior Room Sizes |
| Explain Problems with Zillow /Trulia | Examine Lot Size on Survey |
| Explain How the MLS Works | Investigate Any Unrecorded Easements |
| Help Buyers Find Homes | Review Plat Map from Title Company |
| Schedule Showings with Sellers | Discuss Appraisal Process |
| Create MLS Sheets for Showings | Negotiate Appraisal Deadlines |
| Explain Landscaping Options | Verity Title Company Received Contract |
| Maintain Electronic Lockbox App | Verify Listing Agent Has Received Copies |
| Keep Car Clean for Buyers | Deposit Earnest Money in Escrow Account |
| Bring Water for Buyers | Deliver Copies of Confract/Addendum to Buyers |
| Work Around Buyer's Schedule | Keep Track of Copies for Office File |
| Provide Feedback After Each Showing | Make Sure Title Commitment Was Received |
| Keep track of Showing Schedules | Verify Home Owners Association Fees |
| Provide Marketing Data fo Buyers | Obtain Copy of HOA Bylaws |
| Update Buyer's of Any Price Changes | Confirm Water Source and Status |
| Setup Automatic Property Updates | Verify Natural Gas Availability |
| Review Market Data Weekly | Ask For Average Utility Usage |
| Ask For Transferable Warranties | |
| Determine Need for Lead-Based Paint Disclosure | |
| Verity Security System Ownership | |
| Determine Property Inclusions & Exclusions | |
| Explain Home Warranty Options | |
| Verify any Existing Lease Agreements | |
| Obtain Sellers Disclosures | |
| Schedule Weekly Update Calls with Buyers | |
| Update Buyer's Lender Weekly | |
| Keep Track of Repair Schedules | |
| Follow-Up on Appraisal Scheduling | |
| Verify Any Appraisal Conditions | |
| Verify Buyer's Home Owners Insurance | |
| Schedule Final Walk Through | |
| Negotiate Any Unsatisfactory Appraisals | |
| Refer Trustworthy Contractors to Buyers | |
| Coordinate Closing Times & Location | |
| Make Sure All Repairs Have Been Made | |
| Verify Title Company Has Everything Needed | |
| Solve Any Title Problems Before Closing | |
| Verify Power Of Attorney Are Submitted | |
| Verity All Parties Are Notified of Closing Time | |
| Receive and Carefully Review Closing Figures | |
| Review Closing Figures With Buyer | |
| Remind Buyers to Schedule Utilities | |
| Perform Final Walk-Through With Buyers | |
| Resolve Any Last Minute Problems | |
| Review Closing Documents | |
| Receive Any Home Warranty Paperwork | |
| Receive Any Transferable Warranties | |
| Verify Buyers Cash due at Closing is Correct | |
| Get the Keys to the Buyers | |
| Upload Alll Signed Documents to System | |
| Close Out Buyers File | |
| Verify Status Was Changed to “Sold” | |
| Check In With Buyer's Affer Closing | |
| Send Feedback Request |
This sums up the basic roles for a buyer's agent. If you need to sell your home then you should be looking for a listing agent instead who should market your home to potential buyers.