Saturday, October 31, 2009

Why You Need A Certified Buyer Representative When Purchasing A Home

Working with buyers I am often asked what value I can bring to the transaction. As a buyer’s representative (or simply buyer’s rep) I am a licensed real estate professional who represents prospective homebuyers in their property transaction. When you’ve formalized an agency relationship, typically by signing a buyer’s rep agreement with a buyer’s rep, this is what you can expect::

Understand your specific needs and wants, and locate appropriate properties.
Assist you in determining how much you can afford (pre-qualify your mortgage).
Preview and/or accompany you in viewing properties.
Research properties, to identify any problems or issues you should consider.
Advise you in formulating your offer.
Help you develop your negotiation strategy.
Provide a list of potential qualified vendors (such as inspectors, attorneys, lenders, etc.) for other related services that may be needed.
Organize and keep track of all the details throughout the entire transaction—to closing and beyond.
In other words, a buyer’s rep should make your homebuying experience go as smoothly and successfully as possible.

But not all buyer’s reps are equal. A buyer’s rep who has earned the Certified Buyer’s Representative (CBR®) REALTOR® designation has made an extra effort to raise the bar, with additional training and experience in serving you, the homebuyer. If you work with a CBR®, you can feel more confident that you’ll receive the highest level of buyer-representation services.

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