For Buyers
Initial consultation
Initial consultation
First meeting with potential buyer’s agent:
- Discuss homebuying goals and timeline
- Review budget and financing status
- Explain local market conditions
- Describe agent services and process
- Discuss preferred neighborhoods
- Review buyer agency agreement
Buyer agency agreement
Buyer agency agreement
Contract establishing representation:Typical terms:
- Duration of agreement (often 30-90 days, sometimes longer)
- Agent’s duties and services
- Commission amount and how paid
- Geographic area covered
- Exclusivity provisions
- Exclusive right to represent
- Non-exclusive (can work with multiple agents)
Property search
Property search
Agent helps identify suitable properties:
- Set up MLS search with buyer preferences
- Send new listings matching criteria
- Provide market analysis on properties of interest
- Research property details, history, and disclosures
- Arrange property viewings
- Attend showings with buyer
Property viewings
Property viewings
Showing properties:
- Schedule appointments with listing agents
- Accompany buyer to viewings
- Point out features and potential concerns
- Answer questions about property and neighborhood
- Provide comparative market information
- Discuss pros and cons of each property
Offer preparation
Offer preparation
When buyer decides to make offer:
- Review comparable sales to support offer price
- Discuss offer strategy
- Prepare purchase contract
- Include appropriate contingencies
- Determine earnest money deposit amount
- Set reasonable timeline and deadlines
- Review all terms with buyer before submission
Offer negotiation
Offer negotiation
After offer submission:
- Present offer to listing agent
- Communicate seller’s response (acceptance, counteroffer, rejection)
- Advise buyer on negotiation strategy
- Negotiate price, terms, and contingencies
- Prepare counteroffers as needed
- Guide buyer to mutually acceptable agreement
Under contract
Under contract
After offer acceptance:
- Deliver earnest money to escrow
- Coordinate inspection period
- Schedule and attend home inspection
- Review inspection findings with buyer
- Negotiate repairs or credits if needed
- Coordinate appraisal process
- Help resolve any title issues
- Track contract deadlines
Closing preparation
Closing preparation
Final stages:
- Review closing disclosure
- Coordinate final walkthrough
- Answer last-minute questions
- Communicate with all parties
- Ensure buyer has required documents and funds
- Confirm closing time and location
Closing day
Closing day
At closing:
- May attend closing with buyer
- Review documents being signed
- Ensure proper completion
- Deliver keys and garage openers
- Provide copies of important documents
For Sellers
Initial consultation
Initial consultation
First meeting with potential listing agent:
- Tour property
- Discuss seller’s goals and timeline
- Present market analysis
- Recommend listing price
- Explain marketing strategy
- Review commission and costs
- Answer seller questions
Listing agreement
Listing agreement
Contract establishing representation:Typical terms:
- Listing duration (often 6 months)
- Listing price
- Commission rate
- Agent duties and marketing plan
- Seller responsibilities
- Exclusions or special provisions
- Exclusive right to sell (most common)
- Exclusive agency
- Open listing
Property preparation
Property preparation
Before listing:
- Recommend repairs or improvements
- Suggest staging or decluttering
- Advise on curb appeal enhancements
- Coordinate any pre-listing work
- Ensure property shows at its best
Marketing preparation
Marketing preparation
Getting property ready for market:
- Arrange professional photography
- Create property description
- Gather property information and disclosures
- Prepare marketing materials
- Order any required reports or inspections
- Set up lockbox and showing system
MLS listing
MLS listing
Entering property in Multiple Listing Service:
- Input property details
- Upload photos and virtual tours
- Set showing instructions
- Distribute to real estate websites
- Share on social media
- Email to agent network
Marketing execution
Marketing execution
Active marketing activities:
- Schedule and host open houses
- Coordinate private showings
- Follow up with showing feedback
- Promote on social media
- Email campaigns to agent database
- Place signage
- Print marketing materials
- Adjust strategy as needed
Showing management
Showing management
While property is active:
- Schedule showing appointments
- Coordinate access for buyer’s agents
- Collect showing feedback
- Report activity to seller
- Recommend price or marketing adjustments if needed
Offer presentation
Offer presentation
When offers are received:
- Review offer details with seller
- Explain terms and contingencies
- Provide market context
- Discuss negotiation strategy
- Present multiple offers objectively
- Advise on counteroffers
- Prepare response documentation
Under contract
Under contract
After accepting offer:
- Coordinate buyer’s inspection
- Negotiate inspection items
- Track contract contingencies
- Communicate with buyer’s agent
- Coordinate appraisal access
- Monitor timeline and deadlines
- Keep seller informed of progress
Closing preparation
Closing preparation
Final stages:
- Review closing statement
- Coordinate final walkthrough
- Ensure property is in agreed condition
- Arrange for vacancy if applicable
- Gather keys, remotes, manuals
- Confirm closing details
Closing day
Closing day
At closing:
- May attend closing with seller
- Ensure proper completion
- Deliver property access items
- Provide forwarding information
- Transfer possession
Communication and Updates
Regular communication
Regular communication
Good agents maintain consistent contact:For buyers:
- Send new listings promptly
- Provide market updates
- Report on showing activity
- Respond to questions quickly
- Report showing activity and feedback
- Provide market updates
- Discuss strategy adjustments
- Keep informed of interest level
Availability
Availability
Agents should be accessible:
- Return calls and emails promptly
- Available for property viewings
- Respond to time-sensitive situations
- Provide backup contact if unavailable
Documentation
Documentation
Agents maintain records:
- All contracts and addenda
- Correspondence
- Property disclosures
- Inspection reports
- Important dates and deadlines
Red Flags During Process
Poor communication
Poor communication
Warning signs:
- Slow to return calls or emails
- Unclear or incomplete answers
- Doesn’t provide regular updates
- Hard to reach at important moments
- Doesn’t copy you on communications
Pressure tactics
Pressure tactics
Concerning behaviors:
- Pushes for quick decisions without information
- Discourages due diligence
- Pressures to offer list price without analysis
- Dismisses legitimate concerns
- Focuses on their commission over your interests
Lack of knowledge
Lack of knowledge
Indicators of inexperience:
- Can’t answer basic market questions
- Unfamiliar with local area
- Doesn’t know contract terms
- Can’t explain process clearly
- Makes errors in paperwork
Dual loyalty
Dual loyalty
Potential conflicts:
- Represents both sides without disclosure
- Shares your confidential information
- Doesn’t advocate for your position
- Pressures to accept unfavorable terms