Everyone has a child, sibling, parent, cousin, friend, or acquaintance who “just got their real estate license”. As stated in an earlier post, it’s tempting to want to help that new agent out by throwing them some business. Perhaps they can put you on an MLS portal and when you see an interesting property, you can have them take out their shiny new e-key and open the door to your potential new home. But what if you want to make an offer on that home? is your newbie agent capable of being a brilliant buyers agent? Has the agent educated you on the market so that you can make a competitive offer? Does the agent know how to run accurate comps? Does the agent know what an escalation clause is, especially important in a strong sellers market, as we’re in right now? Is the agent aware of all the risks to your earnest money, inspection fees, appraisal fees? Is the agent aware of all of the unique disclosures that you need to know about in that particular area? Is the agent a strong negotiator that can act on your behalf to obtain the best price and terms? Does the agent have a solid set of resources and referrals to help you through the purchase process? Does the agent know how to keep you compliant with the contract terms so that no “accidental breach” can occur
Real estate is one of those industries in which those doing it correctly make it look easy. What does a brilliant buyers agent do protect you and promote your interests in one of the largest financial transactions of your life?
Provide the right resources to find out ALL financing options
Ask the right questions to help buyers identify how their priorities can best be met
Explain current market conditions to develop an adaptive strategy to find the right home
Assist in identifying the promise and problems with each property viewed
Provide education and insight into what to expect for the duration of the transaction
Write contract and negotiate the best possible price and terms
Obtain buyer protections such as home warranty plans and home owners insurance
Protect buyers earnest money be ensuring contract compliance
Ensure all appropriate disclosures are made so the buyer knows exactly what he’s getting
Assist with home inspections and repair requests
Time the ordering of the appraisal to keep buyer financial risks at a minimum
Manage communications between buyer, seller, agents, title, lender and all parties
Review all documents for accuracy and intervene in any conflicts or misunderstandings
Manage the signing and closing process
Inform buyers of the various bogus offers they are likely to receive as a new homeowner
Refer recommended home service providers
Keep new home owner apprised of the home’s value via semi annual market value reports.
The Sharyn Younger Real Estate Team prides itself on being a brilliant buyers agent. We consider ourselves educators, analysts, administrators, consultants, negotiators, customer care representatives, facilitators, therapists, problem anticipators, problem solvers, and resources for all things real estate related. Find out more about how our experience and expertise can make your next home purchase one in which YOU come first and our experience brings great results.