145 Common Buyers Agent Responsibilities

Dated: 02/02/2019

Views: 143

145 Common Buyer Agent Responsibilities:

  • 1. Prepare Buyers Presentation

  • 2. Present Presentation at Buyer Consult

  • 3. Discuss Buyer’s Goals

  • 4. Provide Home Buyer Checklist

  • 5. Discuss Different Types of Buyer Financing

  • 6. Explain Closing Costs to Buyers

  • 7. Explain Earnest Money to Buyers

  • 8. Refer Qualified Lender Contacts

  • 9. Explain the Loan Process

  • 10. Obtain Mortgage Loan Pre-Approval

  • 11. Confirm Current Lender

  • 12. Create Internal File for Buyers

  • 13. Create Buyer Agency Agreement

  • 14. Explain Buyer & Seller Agency Relationships

  • 15. Provide Overview of Current Market Conditions

  • 16. Explain Your Personal Value to Buyers

  • 17. Explain Your Companys Value to Buyers

  • 18. Provide Local Info On Areas

  • 19. Explain the Value of The Neighborhoods

  • 20. Provide Local Info On Schools

  • 21. Explain the Value of Schools on Market

  • 22. Explain Consumer Logic Versus Emotions

  • 23. Provide List of Homes for Sale

  • 24. Pre-Screen Homes for Buyers

  • 25. Tour Properties With Buyers

  • 26. Explain In-Door Cameras & Showings

  • 27. Verify Keys Went Back in the Lockbox

  • 28. Gather Comps on Interested Homes

  • 29. Explain Seller’s Staging Strategy

  • 30. Explain Marketing Versus Reality

  • 31. Communicate with Showing Services

  • 32. Walk through Home After Showing

  • 33. Turn Off All Lights After Showing

  • 34. Work with Tenants for Showings

  • 35. Keep Track of All Showings

  • 36. Research Property Tax Info

  • 37. Research Property Ownership & Deed

  • 38. Research Property’s Zoning Restrictions

  • 39. Research Neighborhood HOA

  • 40. Research MLS Data

  • 41. Explain Average Days on Market

  • 42. Advise on Property Condition

  • 43. Advise About Property Location

  • 44. Explain Seller Marketing Tactics

  • 45. Explain 3D Tour Marketing

  • 46. Describe the Buyer Pre-Screening Process

  • 47. Video Potential Homes for Buyers

  • 48. Establish Showing Instructions for Buyers

  • 49. Map Out Homes for Showings

  • 50. Explain Problems with Zillow/Trulia

  • 51. Explain How the MLS Works

  • 52. Help Buyers Find Homes

  • 53. Schedule Showings with Sellers

  • 54. Create MLS Sheets for Showings

  • 55. Explain Landscaping Options

  • 56. Maintain Electronic Lockbox App

  • 57. Keep Car Clean for Buyers

  • 58. Bring Water for Buyers

  • 59. Work Around Buyer’s Schedule

  • 60. Provide Feedback After Each Showing

  • 61. Keep track of Showing Schedules

  • 62. Provide Marketing Data to Buyers

  • 63. Update Buyer’s of Any Price Changes

  • 64. Setup Automatic Property Updates

  • 65. Review Market Data Weekly

  • 66. Counsel Buyers on Offer Strategies

  • 67. Counsel Buyers on Pricing

  • 68. Examine “Buying Power"

  • 69. Negotiate Seller Concessions

  • 70. Create Offer Contracts

  • 71. Provide Pre-Approval to Listing Agent

  • 72. Negotiate Contracts

  • 73. Explain All Disclosure Forms

  • 74. Negotiate All Terms on Buyers’s Behalf

  • 75. Determine Earnest Money Terms

  • 76. Deliver Earnest Money On Time

  • 77. Verify All Signatures Completed

  • 78. Schedule Home Inspection with Sellers

  • 79. Attend Home Inspection

  • 80. Verify MLS Data with Listing Agent

  • 81. Identify Any Red Flags

  • 82. Negotiate Closing Date

  • 83. Communicate with Listing Agent

  • 84. Negotiate Inspection Objection Deadline

  • 85. Communicate with Buyer’s Lender

  • 86. Continually Verify Buyer’s Funding

  • 87. Explain Earnest Money Process

  • 88. Negotiate Loan Objection Deadline

  • 89. Communicate With Title Company

  • 90. Keep Everyone On Schedule

  • 91. Return ALL Calls ASAP - Weekends Included

  • 92. Verify Interior Room Sizes

  • 93. Examine Lot Size on Survey

  • 94. Investigate Any Unrecorded Easements

  • 95. Review Plat Map from Title Company

  • 96. Discuss Appraisal Process

  • 97. Negotiate Appraisal Deadlines

  • 98. Verify Title Company Received Contract

  • 99. Verify Listing Agent Has Received Copies

  • 100. Deposit Earnest Money in Escrow Account

  • 101. Deliver Copies of Contract/Addendum to Buyers

  • 102. Keep Track of Copies for Office File

  • 103. Make Sure Title Commitment Was Received

  • 104. Verify Home Owners Association Fees

  • 105. Obtain Copy of HOA Bylaws

  • 106. Confirm Water Source and Status

  • 107. Verify Natural Gas Availability

  • 108. Ask For Average Utility Usage

  • 109. Ask For Transferable Warranties

  • 110. Determine Need for Lead-Based Paint Disclosure

  • 111. Verify Security System Ownership

  • 112. Determine Property Inclusions & Exclusions

  • 113. Explain Home Warranty Options

  • 114. Verify any Existing Lease Agreements

  • 115. Obtain Sellers Disclosures

  • 116. Schedule Weekly Update Calls with Buyers

  • 117. Update Buyer’s Lender Weekly

  • 118. Keep Track of Repair Schedules

  • 119. Follow-Up on Appraisal Scheduling

  • 120. Verify Any Appraisal Conditions

  • 121. Verify Buyer’s Home Owners Insurance

  • 122. Schedule Final Walk Through

  • 123. Negotiate Any Unsatisfactory Appraisals

  • 124. Refer Trustworthy Contractors to Buyers

  • 125. Coordinate Closing Times & Location

  • 126. Make Sure All Repairs Have Been Made

  • 127. Verify Title Company Has Everything Needed

  • 128. Solve Any Title Problems Before Closing

  • 129. Verify Power Of Attorney Are Submitted

  • 130. Verify All Parties Are Notified of Closing Time

  • 131. Receive and Carefully Review Closing Figures

  • 132. Review Closing Figures With Buyer

  • 133. Remind Buyers to Schedule Utilities

  • 134. Perform Final Walk-Through With Buyers

  • 135. Resolve Any Last Minute Problems

  • 136. Review Closing Documents

  • 137. Receive Any Home Warranty Paperwork

  • 138. Receive Any Transferable Warranties

  • 139. Verify Buyers Cash due at Closing is Correct

  • 140. Get the Keys to the Buyers

  • 141. Upload All Signed Documents to System

  • 142. Close Out Buyers File

  • 143. Verify Status Was Changed to “Sold”

  • 144. Check In With Buyer’s After Closing

  • 145. Send Feedback Request

Blog author image

Kenneth Landers

Kenneth Landers, a native born Dallasite, realized early on in life that he belonged in the service oriented industry. With over 15 years in sales and business experience, he is hyper-focused on help....

Latest Blog Posts

Are QUARTZ Countertops Better Than Granite Marble Or Laminate

Today, more luxury built homes, or older homes undergoing remodelling,  are having countertops installed in kitchens and the bathrooms called "QUARTZ". Forty, or more years ago,

Read More

The Catch You Shouldnt Fall For

With the growth of online tools, companies are quickly building products to serve the real estate community. After all, it’s a lucrative industry, home buying and selling will always be a thing -

Read More

145 Common Buyers Agent Responsibilities

145 Common Buyer Agent Responsibilities: 1. Prepare Buyers Presentation 2. Present Presentation at Buyer Consult 3. Discuss Buyer’s Goals 4. Provide Home Buyer Checklist .

Read More

10 Home Chores To Do Annually

Sing me some graces, there is such a thing as over-cleaning! Here are ten chores around the home that you really only need to do annually, minus special circumstances. Let's dive in!1. Curtains &

Read More