Take buyers to and shows them properties available for sale. Pre-screen buyers to ensure they are financially qualified to buy the properties shown (or use a mortgage professional, such a bank's mortgage specialist or alternatively a Mortgage broker, to do that task). Negotiate price and terms on behalf of the buyers. Act as a fiduciary for the buyer. Find real estate in accordance with the buyers
' needs, specifications, and affordability. When deemed appropriate, prescreen buyers to ensure they are financially qualified to buy the properties shown.†
Assist the buyer in making an offer for the property. Our services to the seller are:
Lists the property for sale to the public, often on an MLS, in addition to any other methods. Provides the seller with a real property condition disclosure (if required by law) and other necessary forms. Prepares necessary papers describing the property for advertising, pamphlets, open houses, etc. Places a "For Sale" sign on the property indicating how to contact the real estate office and agent. advertises the property. Holds an open house to show the property. Serves as a contact available to answer any questions about the property and schedule showing appointments. Ensures that buyers are pre-screened and financially qualified to buy the property. Negotiates price on behalf of the sellers. Acts as a fiduciary for the seller, which may include preparing a standard real estate purchase contract. Holds an earnest payment cheque in escrow from the buyer(s) until the closing if necessary. In many states, the closing is the meeting between the buyer and seller where the property is transferred and the title is conveyed by a deed. In other states, especially those in the West, closings take place during a defined escrow period when buyers and sellers each sign the appropriate papers transferring title, but do not meet each other. Involves Legal Agreement
Real estate agency is a business that involved contract or agreement. Not unless that the agent has Law Knowledge and Law Certificates it is hard of him/her to be in the real estate business. Law, like Math, is tricky. The Buyer Agency Agreement and The Purchase Agreement. The 2 basic agreement or contract involve the buyer in the real estate deal, are the Buyer Agency Agreement and the Purchase Agreement. They will be shown here when we have draft it. The Seller Agency Agreement and The Sales Agreement
Seller is the mirror of the buyer, in the real estate agency. Instead of the Buyer Agency Contract, it is the Seller Agency Agreement. Instead that it is a deal between the buyer and the agent, it is the deal of the seller and the agent. Instead of the signing of the Purchase Agreement, it is the signing of a Sales Agreement between the Seller and the Buyer of a real estate. The Seller Agent Agreement is the mirror of the Buyer Agent Agreement. It talks about what the agent should do, in exchange of a commission. However, selling and buying of a real property incurred lots of cost and expenses. Whether seller house is sold or not, selling cost, example consultation, marketing and etc. has to be bore (by seller). How We Operate
In our real estate agency, the cost and expenses of getting a buyer or seller, has to be paid to the agent in 2 equal installments by, depending on which Principal (buyer or seller) we represent. Like the rate of the our (agency) commission, it is 6% of gross price. Its first installment is paid where and when the client agent agreement is signed. The second installment is paid where and when a deposit of said property, is paid or received. Commission has to be paid when the deal is closed where the mandatory person has signed either the final (Sales or Purchase) Agreement. Non-Refundable Deposit
Should the buyer finally decided not to buy said property after deposit is paid; seller takes the non-refundable deposit. Agent has no share of it, on condition that all operation cost owing to the agent has been settled. If eventually seller decided not to sell, after buyer has signed the Purchase Agreement
Seller must pay Agent’s commission. How to know if property brought, brings bad luck and headache to buyer or not
Where and when you find that you do not feel comfortable in and out of said home, it is a bad home. Reject such a home, for it most properly brings bad luck. Ask around in your neighborhood to see how many buyers have bought a real property that brings nothing but headache and heartache. We will go through it in detail, if you are our client (buyer). As they are our trade secret, we cannot expose it here. Normally seller will not tell you why he/she sells his/her real property. We know that a lot of people want to sell their home for there is something wrong in and/or with it. Example, some kind of a renovation that has spoiled it (the house). How to know if property that is to be sold by seller, will brings financial loss and headache or not
There are a few consideration seller must take into account, when computing the selling price. Seller must understand:
1. Why a house/land is not a property but a real (property)
a. Owner of car is not able to get back whatever is paid in the down payment and the lender’s money, when he/she sells his/her car. Owner of real property is able to get back whatever was paid in the down payment and the lender’ money, when he/she sells his/her home.
2. Why seller sells his or her house
a. For a profit and to get rid of it. Not for a profit and to get rid of it. c. Not for a profit but to get rid of it. House sits on a piece of land. Land has appreciation value. Car has depreciation value. That is why owner can get back what ever (down payment and the lender’ money) he/she has paid for said property. What is the gain seller achieved, when and where he/she sell his/her real property
His/her gains are:
1. having owned said property before
2. Stayed and lived in said property with love one, example family for a long time, before.
3. Stayed and lived in said property for free before. If selling price is too high, client (seller) will incur financial losses for no one wants to buy his real property. The financial losses are from the fixed operation costs, example advertisement, consultation and etc. If selling price is too low, automatically, seller suffers from financial losses. Computing of the selling price that breakeven is our trade secret. We only expose it to our clients. Only spiritual agent knows it, not professional agent.
