How I Work as an Accredited Buyer's Representative
Many of you think that when we find your dream property, write an offer and get it accepted, our job is done. Far from that point.....our job is just beginning.
In addition to helping you find your dream home through the listings we have sent you, making appointments to show you these listings, we are always working FOR you.
When we first met we gave you a copy of the "Laws of Real Estate Agency" that describes your legal rights in dealing with a real estate broker or salesperson in Washington State. It describes the duties of a licensee, a seller's agent, a buyer's agent, a dual agent, compensation, vicarious liability, imputed knowledge and notice and interpretation. You also received my buyer book that contains information on your purchase process and an introduction to my team of professionals; my transaction coordinator, my lender, my title company representative, my escrow officer, and my inspectors.
As a buyer's agent we are to: Be loyal to the buyer by taking no action that is adverse or detrimental or the buyer's interest in a transaction; to timely disclose to the buyer any conflicts of interest, to advise you to seek expert advice on matters relating to the transaction that are beyond our expertise, not to disclose confidential information from or about the buyer, except under subpoena or court order, even after termination of the agency relationship and make a good faith and continuous effort to find a property for you, the buyer, except that a buyer's agent is not obligated to: seek additional properties to purchase while the buyer is a party to an existing contract to purchase, or show properties as to which there is no written agreement to pay compensation to the buyer's agent.
We then begin the process of negotiating the contract in your best interest. Once we reach mutual acceptance, we send the contract to our assistant who will set you up on an internet web-based program so that we can communicate through emails what is happening on your transaction. You have 24/7 access to this file. We contact the selling agent, lender, title company, escrow company and they all become a party to this transaction.
We set up your inspection by coordinating that with your inspector and the seller. We negotiate after the inspection is completed and make sure all parties are aware of what's happening.
We follow up regularly with the lender to make sure they are on track with ordering the appraisal, getting paperwork to the underwriter and getting final loan approval.
We provide you with utility information and advise you when to contact the companies to get local utilities in your name.
We then make sure that the lender gets their paperwork to the escrow officer in a timely manner so that they can schedule your signing appointment. Remember, we talked about this, this is where you sign closing papers, deposit your funds to close. The paperwork is then sent back to the lender for a 24 hour review. Once the lender releases the package for recording, we follow up with the escrow office to make sure they are going to the court house to record your documents. Once that happens and we receive recording numbers, the escrow officer releases the fund and you CLOSE. You then are awarded keys according to the terms of the purchase and sale agreement.
We meet with you and hand over keys. You have your beautiful home, finally. We then follow up with post closing instructions to make sure there are no details left to discuss.
Phew, you say, you didn't realize we did all that. Yes, we do, and with zest, as you see provide you with the American Dream - home ownership and if we can do that successfully, our job is well done.
Congratulations, on your purchase. You'll be receiving a welcome home gift from my team. We wish you many years of happiness. "Oh, by the way, if you know of a friend or family member that could use our services, we'd be happy to speak to them and offer them the same level of service we gave you." Good Luck in your new home!
For Buyer Agency in Washington State contact:
Karen Villa Schweinfurth, ABR, CRS, SRES, ePRO, ACRE
Accredited Buyer's Reprsentative, Certified Residential Specialst, Seniors Real Estate Specialist, e-PRO Internet Certified, Accredited Consultant in Real Estate
Your Snohomish County Expert
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