Buyer Agent Knowledge - For Buyers

By nature, most people don't want to share their personal information directly with another person.  It amazes me that people will put the oddest things on the web for general consumption, but don't want to share the amount of cash that they have on hand with their real estate agent.

So why does an agent have to have that information?  The answer is simple - he can negotiate much better if he has all the facts!

Contrary to popular belief, Realtors and Real Estate Agents have your best interests at heart.  As a Buyer's agent, they would much rather have you pay $10,000 less and have you recommend them in the future than the other way around.  Reputation is everything to a Realtor!

Among many other things, your agent needs to know how much cash you have on hand, how much you qualify for - even if you don't want to borrow as much as you can - and all the things that are important to you about the house you are making an offer on.  He needs to know the answers to questions like:

1)  Do you have to close at the end of the month to reduce your closing costs?
2)  Can you put more down to reduce your monthly payment if the seller pays closing costs?
3)  If the Seller won't pay closing costs, does the deal fold?
4)  Can you offer a little more and ask for the difference in closing costs?
5)  If you don't get the Seller to pay for a home warranty, will a home repair take up all your savings?
6)  Can your lender assist with closing costs?
7)  Will buying appliances for the house (Fridge, Washer, Dryer) require all your savings if you don't get the Seller to include them in the sale?

Notice that all these questions are about saving your money.  A skillful negotiator can satisfy all your requirements, and keep more money in your pocket.  However, a skillful negotiator cannot help you if he doesn't know the answers to the questions.


#Avondale , #Goodyear , #Buckeye , #Glendale,  #Phoenix, #Surprise, #Peoria, #Tolleson, #Laveen, #Waddell , #Wittman