From Browsing to Buying: Using a Buyer’s Agent
Our slogan – Start Browsing, Find Your Way Home. If you’re searching for a new home, you’re probably having fun browsing through the wide selection of online listings and that’s where it starts but what happens when you are ready to start physically seeing homes? Buying a home can be complicated. That’s why it’s best to use a highly qualified and experienced local buyer’s agent who can guide you throughout the entire home buying process, Here are eight of the main benefits for using a buyer’s agent.
What is a Buyer’s Agent?
First, you need to understand what’s meant by the term “buyer’s agent.” Also referred to as buyer’s advocates, buyer’s agents are real estate specialists who search, evaluate and negotiate the buying of properties for home buyers. While a real estate agent mainly represents the seller’s interest, a buyer’s agent represents and looks after the buyer.
1. Knows What to Look For
Most buyers are not trained or experienced in knowing what to look for when viewing homes for sale. However, a licensed buyer’s agent has seen many types of homes, usually on a daily basis. As a result, these professionals are more adept in knowing what to look for in a home and property.
2. Knows What to Avoid
Besides knowing what to look for in a home, a good buyer’s agent also knows the “red flags” or potential problems to avoid. For example, a buyer’s agent should be able to know if the foundation of a house has the potential for structural issues. Another example is the neighborhood itself. Your agent should know about any possible future developments or structures that are planned to be built in or near a neighborhood that could affect the residents.
3. Has a Good Understanding of the Local Real Estate Market
Because not all real estate markets are the same, you need to use a buyer’s agent who is well familiar with the area in which you intend to buy your new home. That’s why it’s so important to use a buyer’s agent who understands the local real estate market. Choosing a buyer’s agent who isn’t familiar with the local market can mean losing a considerable amount of money if you make an offer on a home that is inconsistent with the other local home values.
4. Coordinates Showings
Another huge perk of a buyer’s agent is that they can coordinate house showings. This means they have the job of organizing viewings of homes for sale. To be able to do this, an agent needs to make several phone calls, in addition to determining the best route for showing the homes. A buyer’s agent has to also provide a list of all the relevant information for each home.
5. Advises You on What to Offer
Your buyer’s agent is a huge asset when it comes to knowing what to offer on a home that you’d like to buy. To come up with the best offer, buyer’s agents use comparable sales data of similar homes in a neighborhood, focusing on the homes that have sold. Buyer’s agents understand about different amenities in a property and how they affect the ultimate value of a home.
6. Acts as a Negotiator
If you’re like most people, you don’t like to negotiate. But even if you do have good negotiation skills, you probably don’t know as much as your buyer’s agent when it comes to getting the best offer for a home you want to buy. A buyer’s agent serves as your negotiating voice. Although you do have the final say, your agent is the one who negotiates for you. As a third party, a buyer’s agent can stay calm and not get emotional when negotiating.
7. Evaluates and Secures the Best Financing
Real estate financing can be extremely complex and confusing. Consider how a buyer’s agent can explain the different financing options so that you can choose the best kind of mortgage for you. What’s more, your agent can help you in getting financing by means of a mortgage broker.
8. Writes Real Estate Contracts
Most people are clueless when it comes to writing a real estate contract. However, a professional buyer’s agent is well versed in the details of these types of contracts as well as can explain the fine details. When a contract isn’t written correctly or doesn’t include everything needed, it can result in a real estate transaction falling through or failing to close.
Don’t try to tackle the job of buying a home without using an experienced local buyer’s agent who can help you through the entire process. Contact us and get connected with a top local expert now.