My job as a buyer’s agent
I have laid out 25 steps to buying a home and fully acknowledge there’s much more that goes on behind the scenes you may not be aware of. As your buyer’s agent, I play a pivotal role throughout these processes, managing the affiliated service providers and protecting your interests.
In approximate chronological order here’s a list of things I do on the behalf of my buyer clients:
- Show you properties (obviously!) to help you zero in on the right choice for you
- Prepare a comparative market analysis to make sure your purchase offer amount is in line with recent sales
- Prepare a purchase offer. As a client (as opposed to a customer), it is my duty to work to get you the lowest price and best terms possible
- Successfully negotiate your offer with the listing agent to arrive at the optimal outcome
- Oversee the deposit of your earnest money into the appropriate trust account
- Schedule and attend your home inspections
- Counsel you on appropriate repairs from your inspection report(s)
- Negotiate any treatments, repairs and replacements with listing agent
- Stay in communication with your lender to track progress on your loan at least weekly or more often as necessary
- Monitor the appraisal process with your lender
This is where working with a local lender is crucial to the success of your transaction! Local lenders have a local reputation to protect and work especially hard to be a successful component in the purchase process.
- If the appraisal comes back with an unsatisfactory result, I will need to negotiate revised terms and/or repairs. If repairs are required, we cannot close before they’re complete, so I work with trusted contractors to make sure they’re complete to the satisfaction of the appraiser.
- Work with the closing company to ensure title work, title insurance, and closing documents are accurate
- Coordinate closing schedule that culminates the completion of all the components of the transaction.
- Attend the closing to make sure the final step of the purchase is completed completely and accurately
There are basically three negotiation periods during a purchase contract. Those are all the initial terms, the TRR (treatments, repairs and replacements), and finally the appraisal. As my client, I ensure all those steps give you the best possible outcome.