Advantage of Using a Buyer’s Agent

There many advantages to using a buyer’s agent. Using a buyer’s agent is completely free as the commission is paid by the seller. Michigan Luxury Realty has represented many buyers in the Metro Detroit area. Please inquire within if you interested in using our free services.
Initial contact with prospective Buyers
- Meet Buyers in person at office
- Agency disclosure
Deliver Listing to Buyers
Qualify Buyers’ buying power = pre-approval, refer to Loan Officer if necessary
Schedule Showings
Locate Desired Home
Call Listing agent to inform intent of offer
Call Listing agent’s office - Request property disclosures
Provide a CMA regarding the property of choice
Provide Tax Information to buyer
Write the offer:
- Purchase Agreement (PA) (and Addendums, if applicable)
- Agency disclosure
- Notice of Buyer Agency
- Copy of Buyers’ pre-approval
- Lead based paint disclosures
- Sellers’ disclosure
- Obtain Earnest Money Deposit (EMD) check/promissory note from Buyers
Schedule offer presentation with Listing agent and Sellers
Present offer to Sellers and Listing agent
Negotiate terms and conditions of offer with Listing agent
Give a bottom-lined copy of PA to Buyers
- They will need to provide to mortgage officer
Coordinate with Buyers to schedule private home inspection per PA time frame
Follow-up with inspection results, if applicable, per PA time frame
- Addendum to listing agent/seller(s)
Coordinate with mortgage officer and Listing agent to schedule appraisal/FHA/VA inspection, if applicable
Receive and review Title Commitment
Follow-up with Listing agent on closing packages week before closing
Coordinate closing date/time with all parties; Sellers, Buyers, agents, Title Company
Complete final walk-through with Buyers
Review Buyers’ closing statement with Buyers prior to closing
Discuss items needed in regards to closing
- Cashier’s check, if applicable
- Paid receipt for homeowner’s policy
- Valid picture ID
- Know Social Security Number
Attend closing
Advise Buyers to transfer utilities based on occupancy
Facilitate key exchange after closing, if applicable
Fax Use and Occupancy letter to Title Company to cut escrow checks, if applicable
Follow-up with Buyers to be sure they receive their escrow check, if applicable