15 Benefits of Working With A Buyers Representative

  1. Locating suitable properties
  2. Previewing Properties
  3. Verifying the properties condition
  4. suggesting necessary inspections by experts
  5. Helping buyers determine what they can afford based on Lender Preapproval
  6. Verifying property taxes and utilities
  7. Verifying the value of the property
  8. Advising clients on structuring an offer
  9. Presenting the offer to the sellers representatives
  10. Negotiating favorable contract terms for the buyer
  11. Explaining Legal documents needed for closing and helping secure them
  12. Assisting in securing financing, consulting with the lender
  13. Assisting buyers and their attorney in clarifying title, zoning, building codes and access easements
  14. Referring them to qualified vendors
  15. Analyzing the future salability of the property

A Buyers Agent needs to have perserverance and great negotiating skills.

Like to know what your Salt Lake County Real Estate home would sell for?  Call 801.580.5624

Want to find a home: Free home search:  http://SaltLakeAreaHomeSearch.com

Kim Boekholder

Broker, Results Real Estate

ps. Procrastination keeps more people from ever reaching their dreams than anything else.

 

Understanding Agency: Why You Need Your Own Agent To Represent You and Your Needs

It’s important to understand what legal responsibilities your real estate salesperson has to you and to other parties in the transactions.  Ask your salesperson to explain what type of agency relationship you have.

Seller Agent: (Listing Agent) A real estate licensee who Is hired to represent the seller.  All fiduciary duties are owed to the seller.  (buyers pay close attention that it is not in your best interest to have the Seller/Listing agent represent you)

Buyers Agent:  A real estate licensee who is hired by the prospective buyer to represent them in a real estate transaction.  The buyer’s representative works in the buyer’s best interest throughout the transaction and owes fiduciary duties to the buyer.  The buyer can pay the licensee directly through a negotiated fee, or the buyer’s rep may be paid by the seller or by a commission split with the listing broker.

Disclosed Dual Agent:  Dual agency is a relationship in which the brokerage firm and/or the selling agent represents both the buyer and the seller in the same real estate transaction.  Dual Agency relationships do not carry with them all the traditional fiduciary duties to the clients.  Dual agents owe limited fiduciary duties because of the potential for conflicts of interest in a dual agency relationship it is vital that all parties give their informed consent.  This must be in writing.  Both sellers and buyers must sign and acknowledge the dual relationship.

Designated Agent: This situation occurs when a broker designates which licensees will act as an agent of the seller or buyer.

 

 

Moving Checklist For Sellers

Moving Checklist For Sellers.  Moving can be hectic everyone and anyone who has ever moved knows the challenges you face.  Every time you move there are new hurdles to overcome.  Below is a general list of reminders to help you through the process.

 

  • Provide the post office with your forwarding address two to four weeks ahead of the move
  • Notify your credit card companies, magazine subscriptions, and bank of your change of address
  • Create a list of friends, relatives and business colleagues who need to be notified about your move
  • Arrange to disconnect utilities and have them connected at your new home
  • Cancel the newspaper, or change the address so it will arrive at your new  home
  • Check insurance coverage for the items you’re moving.  Usually movers only cover what they pack
  • Clean out appliances and prepare them for moving or for staying
  • Note the weight of the goods you’ll have moved.  Watch for movers who add excessive padding to add weight
  • Check with your condo about any restrictions on using the elevator or particular exits for moving
  • Have a keep with me, or a open first box with the things you’ll need most, such as toilet paper, soap, trash bags, scissors, hammer, screwdriver, pencils, paper, snacks, daily essential

Plus, if you’re moving out of town be sure to:

  • Get copies of your medical and dental records and prescriptions for your family.  If possible refill all prescriptions before you go so you don’t have to worry about it immediately when you move
  • Get copies of your children’s school records for transfer
  • Arrange for your pets travel needs
  • Let a friend or relative know your route
  • Empty your safety deposit box