Aug. 2, 2024
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111 Reasons Why Buyers Agents are So Important in a Purchase Transaction
Congratulations you have an expert in your corner! Beachwise buyers’ agents are licensed real estate professionals who will walk you through the entire home buying process, answer all your questions, and ensure your transaction runs as smoothly as possible. Beachwise agents will help you avoid overpaying for a property, negotiate price and terms in your favor and avoid making costly homebuying mistakes.
Service is About Relationship and Results!
Your Representation
As a client of Beachwise Real Estate, your interests will always be my top priority, upheld with the utmost integrity and fairness. Together, we’ll review the buyer representation agreement and my services, the advantages you’ll gain from my representation, and a transparent insight into my compensation structure.
Your Property Search
As a client of Beachwise Real Estate, I will listen carefully to your needs and wants, and use my knowledge of the local market to select properties that fit your criteria and budget. You’ll get access to cutting edge technology that allows you to view and search for available properties you desire. Your search will notify you immediately when a new listing comes on the market that meets your criteria.
Your Offer
As a client of Beachwise Real Estate, I’ll provide you with a competitive market analysis (after you select a property), and guide you through the process of crafting, presenting, and skillfully negotiating your offer, ensuring you stand out and secure the best terms possible.
Your Due Diligence
As a client of Beachwise Real Estate, and at your request, I can recommend qualified service providers who can provide you with a wide array of property-related inspection services. Following your receipt of any property-related inspection reports and you’re having an opportunity to consult with your respective qualified service providers about such reports, I will assist you in navigating remedies available to you under your purchase contract, concerning any deficiencies identified in your property-related inspection reports. Your peace of mind and informed decision-making are my foremost priorities.
Your Transaction
As a client of Beachwise Real Estate, I will monitor your transaction and keep you informed of all material updates from beginning to end. Throughout this process, I am committed to keeping you well informed about all significant developments. Should any questions arise from relevant service providers in your transaction (such as from your escrow officer, title officer, mortgage broker, etc.…), I will work to ensure that those questions are promptly directed to the relevant parties to increase the probability of a successful and seamless closing.
Beachwise Compensation
You will be responsible for compensating Beachwise Real Estate for the services provided to you. I will provide clear and open information about any applicable cooperative compensation associated with any properties of interest to you. A buyer agent representation agreement must be executed prior to showing properties. Sellers may offer concessions via MLS that could include buyer broker compensation. Concessions must be asked for in the contract, subject to open negotiations in the contract. Sellers may negotiate buyer-to-buyer if asked for as a concession (subject to price and other factors).
Commitment To Fair Housing
My commitment to fair housing is unwavering. I pledge to strictly adhere to all applicable local, state, and federal fair housing laws, ensuring equitable treatment for all without exception.
Our Relationship
Although Beachwise duties will end upon completion of your transaction, our connection goes beyond the transaction. As a client of Beachwise, I am committed to staying engaged with you at every stage before, during and after the sale. As needed, I’ll facilitate introductions to local resources and service providers. Communication is tailored to your preferences, ensuring you’re comfortable with the frequency and method of contact. My aim is to not just gain your trust and satisfaction but to cultivate a lasting client relationship.
Do You Really Need A Buyers Agent?
What Do Buyers Agents Really Do?
Real Estate transactions can be the most complex and complicated transaction you will ever do. There is a lot that could go wrong and often does. If you choose to purchase a home without representation it could turn out to be one of the costliest mistakes you ever make. So, what does a buyer’s agent really do? Buyers’ agents do much more than open doors and show houses. The following are just some of the roles and responsibilities that Beachwise agents are committed to providing to all buyers:
· Helps buyer understand the current state of the local real estate market
· Determine a budget and identify up front out of pocket expenses
· Provide detailed reports on top neighborhoods, schools, what’s important to you
· Identify any unique market conditions, trends or opportunities
· Review market and housing data based on buyers wants, needs and ability
· Provide resources for homebuyer education programs, preferred lenders, qualified service providers, etc....
· Search new listings daily for homes that meet buyers’ criteria using the association of realtors’ multiple listing system (MLS)
· Coordinate with listing agents for private showings of homes buyers like
· During showings help to identify each homes key features, possible repair and deferred maintenance issues and more
· When a property is identified call listing agent to learn more about sellers wants/needs to present the best possible offer
· Will perform a thorough review of the home’s history, permits, etc....
· Perform a comparative market analysis to determine offer price
· Provide a closing cost estimate
· Review purchase agreement
· Discuss earnest money, contingencies, home warranty and other concerns at the start of the contract process
· Negotiate the best possible offer for the buyer
· Ensure buyer meets all contract deadlines; submit earnest money in timely manner, gathering documents
· Assist with homeowners’ insurance
· Schedule and attend home inspection
· Review all inspections reports with buyers
· After review, write inspection response for buyers and assist with negotiations of any inspection complications
· Respond in appropriate time, accepting sellers’ response or terminating contract
· Schedule sewer scope or septic inspection
· Clear inspections: sewer scope and oil tank time with listing agent/seller
· Ensure all repairs are completed on time and reinspection’s are completed
· Obtain any repairs and obtain all receipts from repairs completed
· Schedule termite
· Attend appraisal
· If price or terms change update all documents
· Contacts lender to ensure on time closing
· Review title policy
· Review home insurance policy
· Schedule re inspection walk thru
· Send utility contracts to client
· Review final closing statement
· Coordinate closing with all parties
· Schedule signing time
· Assist in scheduling locksmith, cleaners, etc.… Coordinate key exchange (including garage door, community keys, and mailbox keys)