Here is Part 2 of a 2 part list of all the activities a real estate agent does for you as a Listing Agent or a Buyer Agent. Thinking of buying a home? Here is what I do as YOUR Buyer Agent. 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
