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- Evaluate Client's
Financial Capabilities and Options
- Establish an Agency
Relationship
- Compare Client's
Housing Requirements with Available Properties; MLS, FSBO,
Bank Owned, ect.
- View Properties
- Perform Modified
Appraisal on Target Properties
- Negotiate Contract
- Arrange Property
Inspections and Repairs
- Shop and Place Loan
and Insurance
- Prepare for Closing
and Possession
- Provide Additional
Services and Client Follow-Up
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Answers to
frequently asked questions:
Do home buyers need
the help of a Buyer Representative?
You bet! Because when
buyers work with a real estate professional who is 100% loyal
and completely committed to them, chances are that the entire
home buying process will go smoothly, with more buyer
satisfaction.
O.K. Exactly what is a
Buyer Representative?
A Buyer Representative
works solely for you and has no legal or other
responsibilities to the seller. When working with a Buyer
Representative, you have the advantage of personal
representation, independent counseling, loyalty,
confidentiality and trust. On the other hand, while helping
you present an offer, negotiate, and close a transaction, a
general real estate agent has certain fiduciary
responsibilities to the seller and agent of any property you
choose.
Can a Buyer
Representative show us the same properties?
Yes, a Buyer
Representative can show you every home listed in the
Realtor’s © Multiple Listing Service. PLUS Real Estate
Owned (REO) and For Sale By Owner (FSBO) properties.
Additionally, a Buyer Representative can show you brand new
and unlisted homes.
Will a Buyer
Representative disclose more information to us?
Yes indeed. Because a
Buyer Representative’s fiduciary responsibility is to YOU,
he or she can be more forthcoming with any negative aspects
about properties that you’re investigating for purchase.
Does a Buyer
Representative make decisions for us?
No. As your personal
ally, advocating your best interests, a Buyer Representative
is obligated to provide you with maximum information about
buying a home, each step of the way. That means disclosing
specifics about location, property values, offering price,
negotiations, counter offers, contingencies, financing, and
the entire closing process. Armed with such vital and detailed
information, you’ll be thoroughly prepared to make decisions
that are right for you and your family.
What about negotiating
the details?
First, a Buyer
Representative is fully qualified and highly skilled in the
back and forth negotiations and financing queries that precede
the closing of most real estate transactions. Second, a Buyer
Representative is also experienced and committed to helping
protect your best interests in the purchase. In representing
and supporting you, that’s a powerful combination!
What did you mean by
“confidentiality?”
Since a Buyer
Representative is legally obligated to only you, he or she can
help you maintain absolute privacy with regard to financial
and personal information. That’s another important benefit
of working closely with a qualified Buyer Representative.
Will this cost me more
for this serivce?
No! We share our fee
with the seller agent just like a normal co-broke. Always
remember, you as the buyer are always paying the fee, it is
built in to the purchase price. The choice is do you want to
be sold on a customer basis by a sellers agent, or represented
on a client basis by a buyers representative.
A few more questions?
We have the answers and
many more details about Buyer Representation by a McLean Team
Professional. Please call or E-mail
us today. We’ll answer your questions in full.
- John L.
McLean and Paula J. McLean are both Accredited Buyers
Representatives.
www.REBAC.net
The worlds largest association of real estate professionals
focusing on representing buyers in real estate transactions.
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pages © 1998-2002 - McLean Realtors ® - All rights reserved
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