When I start working with buyers, the very first thing I do is meet with them for an Initial Buyer Consultation. This initial meeting serves a few purposes - first, for us to get to know each other and make sure we are a good fit! I also want to find out from the buyers what they are looking for; what is their timeline, what area of the metro area are they focusing on, what is most important to them when it comes to their new home? This is a great time for buyers to ask me any questions they might have about the process as well. Finally, I want to go over different forms that may or may not come up during the transaction and explain the sales contract in great detail, which helps me to explain the purchase process and timelines.

Having the buyer consultation is so helpful and helps the transaction run much more smoothly. I don’t expect buyers to memorize any timelines or definitions or anything like that, but by having the base knowledge buyers are better able to make informed decisions during the transaction and have a good idea of how the transaction will run.

Here are the documents I provide to the buyer during our initial buyer consultation, along with a brief explanation. If you are interested in learning more, or setting up your own buyer consultation, please give me a call!

The four forms that I will spend the most time going over during the buyer consultation are:

The Residential Real Estate Sale Agreement

The purchase contract! We will go over this section by section in lots of detail - this is what we will spend the most amount of time on. This covers timelines, obligations, opportunities to back out, inspections, appraisal, closing, costs, and more!

The Agency Disclosure Pamphlet

This document describes our agency relationship - what we owe to each other while working together.

The Disclosed Limited Agency Agreement

The Disclosed Limited Agency Agreement acknowledges that you understand and agree to our agency relationship.

The Buyer Representation Agreement

Before I am able to show any homes to potential buyers we must enter into a formal Buyer Representation Agreement. This lays out the terms of our agreement, such as timeframe and compensation.

Here are some other forms that may come up during the transaction!

Owner Association Addendum

The Owner Association Addendum is required if you are buying a home in an HOA Community.

Seller’s Property Disclosure Statement

The seller will give you this document once you are under contract. It is a questionnaire of important information the seller can share about the home.

Protect Your Family From Lead in Your Home

This is a pamphlet about lead based paint and the health concerns it can present.

The Lead Based Paint Disclosure Addendum

This document is required if the home was built prior to 1978.

The Agreement to Occupy After Closing

A document needed if the seller wants to retain possession after closing, which is fairly common in the Portland metro area.

Advisory to Buyer Regarding Condominium/Townhome Resales

This form discusses the practical and legal issues that can arise when purchasing/selling a condo or townhome.