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Buyer Representation Agreement

When buying a home, you are faced with many decisions. One of your most important decisions is which real estate agent and agency you hire to represent you. Join the many satisfied families who have placed their trust in @Home Realty Network to find their own piece of the American Dream.

  • We Both Want The Same Things

  • To find the best home for you

  • Obtain the best price for you

  • Get the best terms for you

  • Make it non-stressful and convenient

You Have Two Choices

  • Work with just one agent with "Exclusive Buyer Representation"

  • Work with many agents on a non exclusive basis

Why Choose Exclusive Representation

  • We will represent YOU in any purchase negotiations

  • We will negotiate the lowest price and best terms for YOU

  • You'll spend less time and have less frustration and confusion by not receiving multiple calls from several agents trying to show you of the very same property.

  • You'll receive more focus and energy from us because we are assured that if you do purchase a property, you will purchase it through us.

  • Remember, hiring us does not mean that you are obligated to purchase. If you don't find a property you like, or your circumstances change, you are free to discontinue your property search at any time and owe us nothing.

We Have a Simple Business Philosophy

  • We are committed to always tell the truth - we will pass on to you all available information about your chosen property, the neighborhood and the market.

  • Always keep two-way, open and honest communication between you and us.

  • We are always aware that you are purchasing the property, not us. We will listen to you and follow your instructions.

  • Maintain total confidentiality of your flexibility and strategies. Anything you tell us will be kept secret between your agent and you.

Our First Step: Pre-Purchase Consultation

  • So that you can know what to expect, we will explain how we work

  • We will outline the home buying process to assure that you have a full understanding

  • Utah State Law requires that we discuss how agency works

  • We'll ask lots of questions to discover your purchasing needs and priorities

  • Finally, we'll establish your time-table and price range

The Second Step: Obtain a Loan Pre-Approval

There is a big difference between a "pre-qualification" and a "loan pre-approval". A pre-qualification usually takes only a few minutes over the phone and determines, based on the information you provide, what price of a home you could most likely qualify for. It is very preliminary and does not commit the lender to approve you for a mortgage.

"Pre-approval" is no kidding around. The bank will check your credit history, employment information, your investments and your assets and liabilities - everything they check when you apply for a mortgage. Everything except for the property you're going to buy. Once you find the property you want to buy, you will then need an appraisal and a title search. Because some banks charge for pre-approval, make sure you're really going to buy a house in the relatively near future.

Why you should obtain a loan pre-approval:

  • A loan pre-approval establishes the right price range to look in. We won't be showing you homes above what you can afford. This prevents the disappointment of seeing homes more expensive than you can realize, only to have to "settle" for something less

  • When we do find the home of your choice, you will be in a stronger negotiating position with the seller. You will have the bargaining power equal to a "cash" buyer by knowing your loan is a certainty

  • It facilitates the closing process by allowing you to close as soon as the inspections, appraisal and title work is completed. Time and stress won't be expended trying to get your loan through at the same time as you are arranging to move

  • Provides you with more confidence to purchase as soon as you locate the right property

The Third Step: Locate a Suitable Property

As your exclusive agent, here is what you can expect from us:

  • We will search through ALL listings available, not only through our own extensive listing base, but properties for sale from ANY real estate company or agent in the Multiple Listing Service (MLS)

  • We can show you all new construction homes which may meet your needs

  • We can show you homes which are not even for sale through any real estate company, but rather For Sale By Owner

  • We often know of sellers who want to sell, but didn't want their property actively on the market. These are properties only we know about

  • We will preview homes, as necessary, to eliminate properties which do not suit your needs to save you the time and frustration of seeing homes you don't want

  • We will make appointments with Sellers to preview homes which match your needs

  • We will point out the strengths and weaknesses of which we are aware so that you can make an informed and educated purchasing decision

When purchasing the home that you will be living in or making a substantial investment in, you will be accepting certain responsibilities. Here is what will we expect from you:

  • Keep us informed as to any homes you've found when visiting an Open House, in a newspaper ad, driving by a "For Sale" sign (whether listed with a real estate company or by owner), or at a new home development

  • Inform other agents that you are working with us as your exclusive representative so that they do not violate the laws of agency

  • Be honest with us about what you like, or don't like, about any house you are shown - our feelings won't be hurt! Tell us if we're showing you homes or areas you don't like

  • Give us as much notice as possible if you can't make a previewing appointment. We need to cancel with the Sellers

  • Thoroughly investigate homes you are interested in and ask plenty of questions. You should make a wise and informed purchasing decision and not solely rely on your agent to think of, or discover, every possible defect

The Fourth Step: Making an Offer

  • We will review together a property value comparison so that you can be fully informed of what the home values within the area of the home of your choice

  • We will recommend a price strategy to help you obtain the lowest price possible

  • Now the paperwork. We'll fill-out and explain the Purchase Contract (REPC) and all its accompanying addenda and disclosures

  • We'll negotiate with the Seller on your behalf

  • Don't worry, we'll maintain strict confidentiality of your strategy and flexibility

The Fifth Step: Managing the Settlement Period

  • We will collect and explain all required documentation and addendums

  • We'll carefully track and keep you informed of contract deadlines

  • Managing appraisal, inspections, disclosures, and other timing details will keep us busy

  • We will verify the Seller's compliance with the terms and conditions of the contract

The Final Step is the Settlement and Closing

  • Before the Settlement, we will arrange the Final Walk Through

  • We'll be there at the Settlement table with you and review the final documents

  • We will answer any and all of your questions

  • Congratulations! Finally, we'll arrange deliver keys, garage door openers, etc., and remind you to turn on utilities.