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Real Estate BUYER'S AGENT Council Purchasing real estate is a complex and major transaction with many details to be handled. In the majority of cases the seller will be represented by an agent. A buyer's representative is responsible for protecting the buyer's best interests. 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. 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.
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