Why Use A Real Estate Professional When Buying Your Home?
Q. How Many Doors Can I Open?
A. ALL of them!
I recently took a client to see some properties she was considering purchasing. While we were discussing the pros and cons of the properties we had just viewed, she mentioned that she was still considering a property she had viewed a month earlier. I asked her who had shown her the property and she said she called the Realtor whose name was listed on the sign. She thought I could only show her homes that I have listed, when in fact, I can show you any home listed in the greater Tulsa area, regardless of the brokerage with whom it's listed.
As a member of the Greater Tulsa Association of REALTORS®, I can show you any property in the greater Tulsa area. If it is listed with another Realtor, I can show it to you. If you call the Realtor who has the property listed and that Realtor shows you the property, you are obligated to have that Realtor represent you in a transaction while representing the Seller as well.
If you are considering purchasing property, you will want your own representation in negotiating the terms of the contract.
What is a Buyer Representative and why should you have it?
A real estate buyer's representative represents the buyer who is purchasing property in a real estate transaction. Research by the National Association of REALTORS® has shown that when a buyer's representative is used, the prospective buyer found a home one week faster and examined three more properties than consumers who did not use a buyer's representative.
The buyer's representative works for, and owes fiduciary responsibilities to, the real estate buyer and has buyer's best interests in mind throughout the entire real estate process. A buyer's representative will:
- Evaluate the specific needs and wants of the buyer and locate properties that fit those specifications.
- Assist the buyer in determining the amount that they can afford (pre-qualify), and show properties in that price range and locale.
- Assist in viewing properties -- accompany the buyer on the showings, or preview the properties on behalf of the buyer to insure that the identified specifications are met.
- Research the selected properties to identify any problems or issues to help the buyer make an informed decision prior to making an offer to purchase the property.
- Advise the buyer on structuring an appropriate offer to purchase the selected property.
- Present the offer to the seller's agent and the seller on the buyer's behalf.
- Negotiate on behalf of the buyer to help obtain the identified property -- keeping the buyer's best interests in mind.
- Assist in securing appropriate financing for the selected property.
- Provide a list of potential qualified vendors (e.g. movers, attorneys, carpenters, etc.) if these services are needed.
- Most importantly, fully-represent the buyer throughout the real estate transaction.
Use the form below to send Lori your MLS listing number or ask any questions. She will reply as soon as possible, please double check your email before submitting. An email will be sent to you confirming you submitted the form correctly.
