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


Kenneth Landers Headshot
Author:
Phone: 972-400-3634
Dated: February 2nd 2019
Views: 3,933
About Kenneth: Kenneth Landers, a native born Dallasite, realized early on in life that he belonged in the service ...

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