In general, the
buyers agent is responsible for helping you and protecting your interests from house hunting to closing day. Here are the responsibilities of your buyer’s agent (including, but not limited to)
Help you find the perfect home for you.
An exclusive buyer’s agent has experience that can help you find the right home, at the right budget, for you. Your agent can go through your list of criteria, if you have made one already, to make sure everything you want is within your budget in your idea location. With their experience, they will also ask questions about aspects of a home that you may not have thought of before, that can further narrow down your search. Also, based on what you are looking for, they can help you choose a location that is right for you. This is especially helpful for home buyers that are not familiar with the area they are looking to buy.
Search out properties on the market, including "For Sale By Owner" properties not included in the MLS.
Based on the criteria you develop as a team, your buyer’s agent will find properties that match. This includes all available properties, including for sale by owner. Typically, buyer’s agents will email updates and new homes on the market immediately.
Evaluate your loan package to identify a favorable loan and rate.
Most home buyers are also shopping for a home loan. If you are working with a buyer’s agent you trust, they can be a great resource for evaluating your home loan package. In many cases, they will also be able to recommend brokers they have worked with in the past, if you are not sure who to work with.
Develop a preliminary evaluation of a property (including both pros and cons)
and provide an explanation of comparative property values in the area.
This may be one of the biggest advantages of working with a buyer’s agent. Since the buyer’s agent is not working for the home seller, they are in a unique position to offer an honest and unbiased evaluation. This means an experienced professional will be showing you both the pros and the cons to each home you view.
Properly advise you on price and other advantageous negotiating options and prepare a purchase offer.
One of the most important parts of your home purchase is making a good investment. In order to make a good and informed investment, it is critical to have an understanding of the fair market value of the home. The market value of homes depends on many factors, and a professional buyer’s agent can use comparative property values to determine the fair value of your home. This is one way that your agent will protect you during negotiations.
Arrange inspections, warranties, and any certifications that might affect the value of the property;
Again, professional buyer’s agents have been through many home inspections. Their experience can ensure that you get any additional inspections that could identify problems that are common in the area you are purchasing, even if they are unusual in other areas. For example, certain neighborhoods may be prone to plumbing issues that others are not. In this case, they may recommend a sewer inspection in addition to traditional home inspections. Also, they can recommend trustworthy and reliable professionals to get the job done well.
Attend the closing and provide assistance to you and your attorney at the closing.
There is a lot of paperwork that needs to be signed at home closings. It is importnat to be represented by someone protecting your interests so that they can explain the documents you are signing and explain decisions that need to be made.
Loading...