Many home buyers ask themselves the same questions when it comes to hiring a buyer’s agent. The first being: is it necessary? In short, yes, especially if you want to find the perfect match at the right price for you and your family. Here are some more reasons:
First and for most, it’s free. It does not cost the buyer anything to hire an agent and it is the seller’s responsibility to pay the commission of both realtors involved in a sale.
2. Market Knowledge
A buyer’s agent will know the housing market in the area you want to buy. This means they know exactly how much you should spend on any certain type/size home by putting together a comparative market analysis.
3. Knowledge of Homes
A buyer’s agent will have a trained eye for catching any red flags in a home and will help you use that information when making a purchase decision (even before getting a home inspection).
4. Agent Contacts
Successful agents work well with other agents. This means they may have information on homes that are not even on the market yet.
Buying a home can be extremely emotional. Having a buyer’s agent will help filter out that emotion and ensure you are making an informed and logical choice as well.
When buying a home there are copious amounts of contracts and paperwork and everything can get muddled and confusing. A buyer’s agent has experience not only in writing these contracts but reading and interpreting them for their buyers as well. Again, helping buyers stay informed while purchasing a home.
7. Help With Financing
A buyer’s agent not only understands the different financing options they can better direct you to an option that will suit you best for your future, they also can help you find a great lender that will help you get the financing you need to make the purchase.
8. Professional Negotiation
Again, agents are your emotional filter. They not only know how to negotiate during home buying but they will make sure your financial interests are equally represented during the process without becoming overly emotional during the process. Since they also know the current market, they know all the tricks in offering or receiving concessions to make sure you get the best deal on the home of your dreams.
A buyer’s agent works for you, narrowing down your search based on your wants and needs so you can easily pinpoint the home you want to buy. After work in addition to kids and a social life, a home search can be overwhelming. A buyer’s agent will streamline the process to make it convenient for you.
An agent representing you not only protects your best interests but they have insurance that will ultimately protect the buyer if anything goes awry during the purchase.
So you’re probably saying to yourself, “Okay, I get it. I should get a buyer’s agent. When should I hire one?”
The answer: as soon you’re ready to start looking. Contact us today.
One Response to “Why & When to Hire a Buyer’s Agent”
My favorite part of the article is when you emphasized that a buyer’s agent can help us make a more logical choice since sometimes we can’t avoid being emotional with our choices. The mother of my student told me that they would transfer their child to a different school next year because they are going to buy a house in a different state. It’s nice to know about these tips; I would strongly suggest that they hire a buyer’s agent for their own benefit. Thanks!