Final answer:
As a buyer's agent, your role is to research and determine an offering price, draft a written offer with all the terms of the purchase, and present and negotiate the offer on your buyer's behalf.
Step-by-step explanation:
When you are a buyer's agent and your buyer would like to make an offer on a property, your first step is to prepare an offer to purchase. This includes determining a suitable offering price by researching comparable sales and considering the current market conditions. Then, you will draft a written offer that specifies the terms of the purchase, such as the price, closing date, contingencies (like a home inspection or financing), and any items included or excluded in the sale. Present the offer to the seller's agent or the seller if they are unrepresented. Negotiations may follow if the seller counters the offer. It's your responsibility to guide your buyer through this process, ensuring their interests are well-represented and advising them throughout the negotiations. A successful transaction requires clear communication, skilled negotiation, and a sound understanding of real estate contracts and practices.