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Just A Few Things a Buyer Broker Does for Their Clients

Buying real estate can be stressful. You need a buyer broker who is a REALTOR®, a member of the National Association of REALTOR®, by your side. Here's why:


GET THE INSIDE SCOOP

Buyer brokers have access to specific neighborhood and public record information, as well as property information and statistics from the multiple listing service to help make you a better buyer. They possess a deep understanding of the local market, including factors such as supply and demand levels, pricing trends, inventory fluctuations, and emerging opportunities or challenges. Brokers have a pulse on the local market and can help a buyer determine what is an appropriate offer amount and can help negotiate a fair market value purchase price.


BE UP-TO-DATE

You may have purchased property before, but markets and transaction processes are always changing. A number of variables, including the status of the economy, modifications to regulations, advances in technology, and changes in customer preferences, affect the dynamics of the real estate market. Buyer brokers can help you make better informed decisions in the buying process.


SIMPLIFY YOUR SEARCH

Buyer brokers have access to a wide range of properties using local broker marketplaces known as the Multiple Listing Service (MLS), as well as off-market opportunities. They can save you time and effort by presenting relevant and suitable properties that meet your criteria. Once potential properties are identified, a buyer broker will schedule and coordinate property showings based on your availability. They will accompany you during these showings, offering insights, answering questions, and pointing out both the positives and potential concerns of each property to protect your investment.


NAVIGATE A COMPLEX PROCESS

Buyer brokers are able to evaluate your specific needs, preferences, and financial limitations in order to find properties that meet your criteria. Whether you're looking for a starter home, an investment property, or a luxury estate, a buyer broker can streamline the search process by narrowing down options that meet your requirements. To help you prevent expensive mistakes they can, prepare the real estate contract and necessary addendums in accordance to real estate practices, offer you advice on disclosures, and the mortgage process. When an offer is made, buyer brokers provide transaction management services, including getting signed copies of the purchase agreement to the seller, advising that contract clauses be read by legal council, arranging for surveys, inspections and appraisals, obtaining and analyzing closing figures from the title company, and arranging the buyer's final walk-through.


NEGOTIATE LIKE A PRO

Buyer brokers are skilled negotiators who will represent your interests during the offer and negotiating process. They will work to secure favorable terms, negotiate repairs, price reductions if needed, and handle any counteroffers or contingencies on your behalf.


HAVE A TRUSTED ADVISOR

Your buyer broker can talk you through the pros and cons behind big decisions and share their network of trusted real estate industry professionals. Working with a broker goes beyond finding properties; it's about gaining a trusted and experienced buying advisor who can educate, guide, and advocate for your best interests throughout the real estate process.


DO THE RIGHT THING

Ensure the buyer broker you choose is a REALTOR®. Brokers who are REALTORS® adhere to a stringent Code of Ethics that underscores their commitment to professionalism, consumer protection, and the fundamental principle of treating others as they would like to be treated, known as the golden rule.


Call your local buyer broker today to kick-start your journey towards finding the property of your dreams!



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