145 Common Buyers Agent Responsibilities

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

• 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

Author: Kenneth Landers
Phone: 972-400-3634
Dated: February 2nd 2019
Views: 4,297
About Kenneth: Kenneth Landers, a native born Dallasite, realized early on in life that he belonged in the service ...