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Are You Working with a Great Home Buyer? Here are 5 Signs

By
Real Estate Agent with DWELL Real Estate

By: Marc Rasmussen - Sarasota FL real estate

Think you have found a great home buyer?

Working with a good home buyer is like hitting a great shot in golf. You might hit 9 bad shots but that one great shot keeps you playing the game. The same goes for the real estate business. You might work with 9 knuckleheads but that one perfect home buyer keeps you happy.

Here are 5 signs of a good home buyer:

1) They hear and respect what you say

The home buyer may not like what you say or they may even disagree with what you say but they atleast threy listen to your wisdom. They may hate hearing that finding a large, new home in the best neighborhood in town is not going to happen for $200,000 but at least they listen to the real estate professional that works in the trenches day in and day out.

2) They value your time

A good home buyer actually respects your time. They don't call you 12 minutes before wanting to see a home and expect you to drop everything. If they cancel a meeting they give you some notice. There is just an overall respect for your time.

3) They don't mind doing some legwork

A good home buyer knows that time is limited and valuable. Doing a drive by of a home can save the Realtor, home buyer, listing Realtor and home seller tons of time. Suppose a home buyer drives by a home they interested in and they say, "I don't care how nice that thing is on the inside there is no way I am buying in this neighborhood!" Doing that simply drive by saved everybody a bunch of time.

4) They are pro-active and motivated

If getting a home buyer to do something is like pulling teeth then maybe they are not ready to buy. For example, let's say a buyer never gets financing arranged, takes 2 weeks to look at the properties you emailed him, won't do a drive through of certain communities, can't be bothered to return your phone calls from a few days ago then that home buyer is not that motivated to purchase.

5) They are realistic about the market

A good home buyer usually has done some homework and has a good understanding of the market. They aren't looking for something that does not exist. They aren't trying to buy a home at an unrealistic and exteme discount. They are willing to pay market value.

Does this sound like your buyer? If so, you have a good one. Hang on to them.

Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County

This are good attributes for sure. I think you could turn it around and ask the same questions about a great agent!

Jan 08, 2011 12:31 AM
Richard Strahm
American Foursquare Realty - Lansdale, PA
Lansdale and North Penn Real Estate

Hello -- Marc?  I'd like to place an order.  Yes -- I'd like 10 of your great home buyers.  Delivery, please.

Seriously, I love you list.  And while many of my buyers have some traits, it's the rare buyer that has all of them!

Jan 08, 2011 12:32 AM
Sharalyn Kluke
Keller Williams Seneca - Seneca, SC
Sharalyn Kluke, Realtor, Keller Williams Realty

Great post!  I think I should print it and read it each time I get a call for a showing.  All of those points you mentioned can be frustrating, especically #2 and the value of my time. 

Jan 08, 2011 12:38 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Marc, I wish there were more of these.  My guess is less than 10% of buyers will fit most of this category.  If we do a good job of educating them, then they can become a little better to work with.

Jan 08, 2011 12:38 AM
Margaret C. Taylor
Century 21 New Millennium MD - Mechanicsville, MD
St Marys/Calvert/Charles MD Real Estate Agent

Excellent Mark I'd love to have more buyers like this where you know where you stand right from the beginning.  Margaret C

Jan 08, 2011 12:43 AM
Ellie Penaranda
239.776.5077 Downing-Frye Realty - Naples, FL
Naples Florida Real Estate - Waterfront & Beach Co

Marc - you summed it up very well.  If they meet #1, 2 & 5, they become my priority and have all my time and attention.  As Realtors we have to learn to be picky of the buyers we chose.  Time spent with the wrong buyers (and we all know the signs) is time lost from finding the great ones.

Jan 08, 2011 02:57 AM