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Buying

In the simplest of terms, CBCR is responsible for arranging the selling, or buying of buildings and land, on behalf of their clients.

Real Estate Agent Responsibilities

  • Research local listings (active, pending, or sold) online or in directories.
  • Stay on top of Church market news, trends, and policies
  • Complete paperwork and submit agreements to the appropriate state agencies
  • Coordinate appointments with your brokerage or clients
  • Create a marketing strategy to land more clients
  • Respond to client calls and emails
  • Host showings
  • Generate leads for your real estate business
  • Take photos of properties for marketing materials and flyers
  • Make recommendations for staging
  • Network with other real estate professionals
  • Research the current market to establish a fair offer price

Real estate agents offer services that cover everything from the pre-listing phase all the way to the follow-up phase after they have closed the sale.:

Prepare to Offer Broker Services

  • Set an appointment to present services and contract to act as the Buyer Broker.
  • Discuss the type of building the client wants to consider – land, existing church facility, building to renovate for church use, other.
  • Discuss the budget, facility needs, geographical area and schedule.
  • Discuss an overview of market projections and current conditions.
  • Discuss the process of searching, comparing, inquiring of interest to sell, moving attention to another property, Letter of intent, negotiations, preparing a contract to close at a future date, due diligence, lender commitment, inspections,

Searching for a Property to Make an Offer Contract

  • Prepare a Buyer’s program of facility needs, priorities, geographic area to search, proposed budget, and schedule.
  • Research currently listed properties to compare prices and programs. Help determine if a property warrants further research.
  • Research selling properties ownership, deed type, information regarding lot size and dimensions, the property’s land use coding restrictions, current use and zoning, etc.
  • Review listing sales packages and make inquiries of relevant facts.
  • Keep a list of reviewed properties.
  • Schedule showing times with buyer’s committee.
  • Collect mortgage loan information. Determine potential lenders.
  • Discuss other financing options
  • Mail out “New Listing” notices of buildings for sale via email
  • Review budget including various fees and bank restraints.
  • CPA to prepare an three year audit or Compilation
  • Prepare Letter of intent.
  • Monitor seller review and response. Respond, revise LOI, barter.
  • Prepare offer to buy contract, obtain signatures, ready for attorney review and revise.
  • Discussions with Seller Broker
  • Place buyer’s deposit in an escrow account
  • Update listing as “Sale Pending”
  • Due Diligence during Contract Period
  • Confirm that contract is signed by all parties
  • Update forms and files
  • Coordinate the closing process with seller, buyer, and buyer’s agent.
  • Determine Title Insurance Company
  • Determine Property Fire insurance company
  • Determine Land Surveyor for ALTA survey by seller.
  • Order mold, termite, and septic inspections, building inspection, Phase One Study,
  • Check with Fire Marshall, Zoning Department, and City Engineer Office for inspection or code issues.
  • Verify buyer gets estimates of costs to comply or renovations prior to move in.
  • Schedule final walkthrough
  • Secure payment
  • Check paperwork for errors
  • Set status as “Sold”

Following Up

  • Clarify any questions or concerns with your client
  • Respond to any follow-up calls and tie up loose ends

Real estate agents offer services that cover everything from the pre-listing phase all the way to the follow-up phase after they have closed the sale.