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Buyer Agent Services provided in a Real Estate
Transaction |
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Needs Assessment |
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Pay attention to the Buyer’s needs. If a buyer
contacts a brokerage company about
representation, the brokerage can devote full
attention to the buyer’s needs including
financing, motivation and timing.
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Buyer can talk freely. Confidentiality enables a
buyer-client to provide information without fear
of harming their negotiating position.
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Suggest alternative solutions. A brokerage
company’s duty of undivided attention enables
the Buyer Broker to suggest alternatives to meet
the buyer’s needs.
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Property Selection |
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Find the best property for the buyer-client. The
buyer’s representative has access to the entire
market through the Multiple List Service (MLS).
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“Leave no stone unturned” The buyer’s
representative can encourage and promote the
search for an appropriate property through
“Property Wanted” print media, “For Sale by
Owners” and directly to owners not currently on
the market.
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The Buyer has first opportunity to view new
listings.
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All properties are available. Property selection
is not limited to the seller’s list price, as
property’s price can be negotiated.
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Viewing Properties |
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Give advice accompanied by facts. The Brokerage
company will assist the buyer-client in making
an objective evaluation of a property, including
positives and negatives.
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Educate the buyer. The buyer’s representative
will help the client make an objective
comparison.
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Negotiating the Purchase Agreement |
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Educate the buyer by planning a negotiating
strategy.
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Suggest procedures that will strengthen the
buyer’s negotiating position.
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Price: provide counseling and information for a
buyer-agent. Provide information on similar
properties, which have sold recently, and those
that are still on the market.
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Contract: Suggest approved protective clauses
for the purchase agreement to protect the buyer.
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Financing: Suggest financing alternatives that
may be in the buyer client’s best interest.
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Negotiate on behalf of the client in an
appropriate manner.
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Continue services to the buyer client during
negotiations. Continue to search for other
appropriate properties to enhance the buyer’s
negotiating position.
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Strengthen the buyer’s negotiating position. Any
information about the seller that would aid the
buyer-client’s negotiating position should be
disclosed.
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Follow Through after the Purchase Agreement |
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After the purchase contract has been negotiated,
follow through and attempt to solve problems to
the buyer’s satisfaction.
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Buyer-client and seller are kept in formed of
progress in preparing for the closing.
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Fiduciary Duties of a Buyer’s Agent |
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Provide undivided loyalty to you, and put your
interests first
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Follow your lawful instructions
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Provide full disclosure and provide you with all
material facts that could influence your
decision
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Use reasonable skill, care and diligence to
achieve your goals
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Account for all funds handled for you, safeguard
any moneys entrusted to the buyer’s agent
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Keep all buyer’s personal information
confidential
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If you have any
questions or would like more information, please contact us
828-262-1990,
email us, or use our
online
request form. |