Mike Lamb

Mike Lamb

Agent
  • 616-887-7307 ext 1813
  • 616-887-2655
  • 616-498-5368
  • 616-887-7307
Contact Me

Welcome & Thank You for viewing my Website.

Thank you for visiting my website.

  • Serving Your Real Estate Needs since 1990.
  • Branch Manager/Associate Broker
  • Multi-Million Dollar Producer
  • Ranked Nationally among Top 100 Agents in 2000 & 2001

Current Designations:

  • ABR
  • GRI
  • CRS
  • RMM
  • Certified Negotiation Specialists

To View All Of My Listings go to: BuySellMikeLamb.com

 

 

What a Real Estate Buyer Representative is....and Why You Should Use One

What a Real Estate Buyer Representative is...

     and Why You Should Use One


WHAT IS A REAL ESTATE BUYER'S PREPRESENTATIVE?

A buyer representative represents the consumer who is purchasing the property in the real estate transaction, not the seller. State laws vary, but usually, a buyer representative owes full fiduciary duties, including loyalty, to the real estate buyer. The buyer representative works for the buyer client and has the client’s best interests in mind through the entire real estate transaction.

The representative is compensated by the buyer through a negotiated fee or in some states the commission is split between the buyer’s and seller’s agents based on the selling price of the real estate property. It is important for the consumer to discuss the buyer representative’s compensation in the initial interview. In many cases it is recommended that the consumer and buyer agent agree to the terms of compensation prior to viewing real estate properties and sign a written agreement based on these terms. This agreement should spell out the responsibilities of both parties throughout the real estate transaction. It is important to note that in some states legislation has been enacted to protect the buyer so that where there is no written agreement, the agent will be presumed to be representing the buyer throughout the real estate transaction. Consult with your local REALTORÒform complete details when you first start the search for purchasing any real estate property.

WHY SHOULD I USE ONE?

As a consumer, how often do you buy real estate property? One, twice, three times in your lifetime? Purchasing real estate is a complex and major transaction with many details to be handled. In the majority of cases the seller will be represented. Wouldn’t you want to have complete and fair representation in the real estate transaction?

Real estate buyer’s representatives are responsible for protecting their clients’ best interests. Research by the NATIONAL ASSOCIATION OF REALTORS®has shown that when a buyer’s representative was used, the prospective buyer found his home one week faster and examined three more properties than those consumers who did not use a buyer’s representative.

Sample First Time Home Buyer Questionnaire

FIRST TIME HOME BUYER QUESTIONNAIRE (SAMPLE)

Buyer’s Name(s): _________________________

Current Address: _________________________

City/State/Zip: ___________________________

1. Are you:

     a. Actively searching for a home now?              YES     NO

     b. Planning to buy a home within 3 months?      YES     NO

     c. Planning to buy a home later than 3 months?  YES     NO

 

2.  What geographical area or areas do you want to live in? ____________________________________

 

3.  Are you interested in a particular neighborhood?

     If yes, please describe:  ____________________________

 

4.  What kind of home do you want to buy?

     a. Single Family

     b. Duplex

     c.  Condominium

     d.  Other (Specify): ________________________________

 

5. What style of home do you want to buy?

     a. Ranch

     b. Colonial

     c. 2-Story

     d. Other (Specify): ________________________________

 

6. How many bedrooms?   __________

             

7. How many bathrooms?   __________

 

8.  Are there specific features you require?

     a. Waterfront

     b. Lot Size

     c. Garage

     d. Basement

     e. Other (Specify): ________________________________

 

9. Have you arranged for financing yet?

     a.  Pre-qualified by a lender

     b. Need Information

 

10. How would you like to be contacted?

 

     Phone Number: __________________________________

 

     Email Address: ___________________________________

Designations

  • Accredited Buyer Representative
  • Certified Negotiation Specialist
  • Certified Residential Specialist
  • Coldwell Banker Multi-Million Dollar
  • Graduate, REALTOR Institute
  • Realtor
  • Coldwell Banker Premier Office
  • Equal Housing Opportunity
  • Short Sales and Foreclosure Resource

Specialties

Clients include, but not limited to first-time home buyers, repeat homebuyers, investors and Property Managers.

  • Residential
  • Commercial
  • Multi-Family
  • Waterfront
  • Investment

 

Education

  • Sparta High School Graduate (Sparta Schools)
  • Graduate Realtor Institute

Community Involvement

  • Member of the Sparta DDA

 

Personal Interests

I enjoy outdoor activities and traveling.

Personal Background

  • Sparta High School Graduate
  • Business Degree GRCC

 

Professional Background

Proudly Serving the Real Estate Community Since 1990.

Professional Interests

Memberships:

  • Grand Rapids Association of Realtors
  • GRAR Board of Directors Past Member
  • Michigan Association of Realtors
  • National Association of Realtors
  • Rental Property Owners Association
  • Sparta DDA/Brownfield Board Member
  • Michigan Snowmobile Association Life Member
  • Silent Observer Charity Golf Outing, Co Chair