There are basically three kinds of buyers:  The first time home buyer,  the buyers that are buying their second or third home,  and the all out seasoned investor.  While they have certain fundamental principals in common, there are definitely differences.   As a Buyer broker, you have to first pre-qualify your client because other brokers and owners do not want their time wasted.  In fact, no one wants their time wasted.  You also have to assist your buyer in locating a property that fits his or her "needs and wants",  and then get him or her to the closing table.  Prior to the closing table,  the broker must do a market analysis on a selected property in order to effectively negotiate and make a purchase offer.  The objective here is to not permit your buyer client to overpay on any property, and negotiate the most favorable terms and price offer.

 

Specialized purchases such as foreclosures, all cash deals, bank foreclosures, etc., are exactly that, specialized. The majority of Consumer Real Estate transactions do not usually fall into this category.  So we will keep this discussion limited to the typical standard transaction. 

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While the commonality that exists between buyer and seller is they both require market analysis, both require negotiation.  Unfortunately, allot of weight falls on the shoulders of the buyer. In a mortgaged transaction, the buyer has to get through all the red tape of the mortgage and banking industry,  obtain a mortgage approval,  pay for inspections,  take out a title policy, home owners insurance,  and more.  It is no easy task for the first time home buyer.  It is the brokers responsibility to oversee the situation and to assist the buyer in eliminating or working though the sometimes stressful issues of buying Real Estate.  

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If you are seeking to buy property, we are an accredited Buyer Representative (ABR) with the National Association of Realtors.   Contact us to discuss your next purchase plan.