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What’s the importance of a Home Buyers Consulation?

By
Real Estate Agent with Fred Sed Group ~ Your Premier Southern California Realtors CA BRE #01423187
With all the information on the internet, media, or any form of technology, home buyers have everything they need to know regarding purchasing a home. But just because they have all the information and know everything as a result of technology, does that mean that they are fully prepared and equipped to completely succeed at the home buying process??


As a professional Realtor who lives and breathes Orange County Real Estate, I say NO, they are not setting themselves up to succeed! Why am I so adamant about my answer? Because even in today’s tech driven, information at your fingertips culture we live in, homebuyers must have the hands on experience at the very beginning stages of this process to succeed.



The easiest, smartest and most effective way for a homebuyer to experience this is, to have a Home Buyer Consultation. This is when the home buyer(s) consult with their Realtor of choice and have a face to face meeting. Here is the breakdown of this meeting what should be covered:

  1. Goals & Intention: A discussion regarding the homebuyer’s goal with this purchase. For example, are they buying this property for them to live in or for investment purposes? Are they planning to keep this property long term or short term? What’s there time frame for purchasing this property, within 30 days, 60 days, 6 months, 1 year?
  2. Approval Process for a Mortgage: Does the homebuyer need a loan for this purchase? If so, then putting the homebuyer in contact with a Direct Lender, Bank, or Broker to get pre-approved for a mortgage. I can’t stress how incredibly important this is in today’s market.
  3. Home Criteria: What cities are they open to? How many bedrooms & bathrooms are required? What is the minimum square footage they would like to have? Any other special requirements needed?
  4. Custom Home Search: An automated property search will be set up during the consultation which notifies the buyer of any new listings that enter the market with in their Home Criteria. There is a lot of competition amongst homebuyers and amongst Realtors, so both parties want to make sure that they are one of the first people to see a new listing as soon as it hits the open market.
  5. Set 1st Showing Appointment: Right before the consultation is finished the next appointment, in which the homebuyer will be able to physically view their properties of interest, will be made.

Through experience & feedback of clients, friends, & family those who have conducted a homebuyer consultation have been much more prepared and confident compared to a homebuyer who has not. Now by no means am I saying a homebuyer will completely fail in this process if they don’t have a consultation. But by having a homebuyer consultation they are absolutely setting themselves up to win! If you are a homebuyer or will be in the future, would you invest an hour of your time to have a homebuyer consultation so that you are best prepared when entering the home buying process?

We would love your feedback on this topic! 

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John Turner
PARKS - Nashville, Murfreesboro, Smyrna, Tennesse - Murfreesboro, TN
The Turner-Victory Team at PARKS

I totally agree. Generally speaking, the home is the largest purchase a consumer will make. It only makes sense to get educated about the process.

Jan 12, 2012 03:29 AM
go to RealEstateFaster.com & get 20 Listing Appointments per month
Real Estate Faster - Los Angeles, CA

Great points on the value of a home buyers consultation. It is good to be informed and prepared.

Jan 12, 2012 03:50 AM
Fred Sed
Fred Sed Group ~ Your Premier Southern California Realtors - Irvine, CA
Your Southern Cali Realtor, Why? Because Fred Se

Thank you Deven and John! Great feedback and you are both spot on! It's so important for any type of homebuyer to be best prepared before committing to this process!

Jan 12, 2012 09:10 AM