John Garrett Broker RE/MAX Lake of the Ozarks

 

 

How do I “interview” a Buyer’s Broker?

• They should have a Broker’s License in the State of Missouri.  Make sure more than 75% of their sales activity is in your desired area.
• Ask how long they have been full time in real estate.
• Ask them to produce sold listing sheets with their name as the selling agent to verify their claims.
• They should explain the duties of a buyer’s broker, and what happens in different situations, especially in “dual agency” situations.
• A good agent will spend more time listening rather than talking.  If they focus on how “great” they are, rather than getting to know your family, lifestyle, and needs, you don’t want them.
• The best agents can quickly tell you about the market, how it is performing compared to last year, how many “property showings” their company has had in the last 30 days, how many contracts were written and accepted during that time, and what property is currently selling for per square foot in different areas.   This will “weed out” 90% of the agents right here.   They should be able to answer this off the top of their head, not by taking hours to get back to you with the information.

 

What will a buyer’s agent do for me?

• A buyer’s broker can show you homes that are on the market, and the best ones may even know of ones that aren’t even on the market – yet.
• A buyer’s broker can help you write your offer to put your best foot forward and beat other buyer’s offers on the best properties.
• A buyer’s broker will provide market data to help you establish an offering price based on price per square foot, local conditions, and seller mentality.
• A buyer’s broker will negotiate on your behalf, honestly and ethically.
• Much happens between writing an offer and closing, a buyer’s broker will attend to the details in a timely manner.  We have put together a paperwork package that shows what we do to get a deal from accepted offer to successful closing, and it was over 200 pages of forms, documents, disclosures, etc.  This should be done for you, within set deadlines and without you having to worry about it!  

 

 

This will give you a guideline for a successful interview to choose your next agent.  

 

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