Purchasing real estate is a complex and major transaction with many details
to be handled. In the majority of cases the seller will be represented by an
agent.
A buyer's representative is responsible for protecting the buyer's best
interests. Research by the NATIONAL ASSOCIATION OF REALTORS®
has shown that when a buyer's representative is used, the prospective buyer
found a home one week faster and examined three more properties than consumers
who did not use a buyer's representative.
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Evaluate the specific needs and wants of the buyer
and locate properties that fit those specifications.
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Assist the buyer in determining the amount that
they can afford (pre-qualify), and show properties in that price range and
locale.
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Assist in viewing properties -- accompany the
buyer on the showings, or preview the properties on behalf of the buyer to
insure that the identified specifications are met.
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Research the selected properties to identify any
problems or issues to help the buyer make an informed decision prior to
making an offer to purchase the property.
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Verify property taxes, zoning,
and sewer/septic descriptions provided by seller.
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Verify the value of the property.
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Analyze the future salability of
a property.
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Assist buyer in understanding
and/or clarifying title, zoning, building code and easement issues with a
property.
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Advise the buyer on structuring an appropriate
offer to purchase the selected property.
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Present the offer to the seller's agent and the
seller on the buyer's behalf.
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Negotiate on behalf of the buyer to help obtain
the identified property -- keeping the buyer's best interests in mind.
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Assist in securing appropriate financing for the
selected property.
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Suggest inspections that should
be performed by a qualified 3rd party.
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Provide a list of potential qualified vendors
(e.g. movers, attorneys, carpenters, etc.) if these services are needed.
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Explain the legal documents
needed for closing and helping the buyer secure them.
Revised:
11/09/07 21:34:03 -0700.