Buying A Home: Benefits of Having a Buyer’s Agent
If you are in the market for a new home, one of the best investments you can make in the process is finding a great buyer’s agent. While a listing agent or seller’s agent represents the seller’s interests during the process of selling a home, a buyer’s agent is focused on representing you, the buyer, and your best interests. Here are just a few of the benefits of working with a buyer’s agent:
* Exclusive Representation – Your buyer’s agent is exclusively representing you and your interests in the process. If you are negotiating or dealing with the seller’s listing agent directly, that person is focused on what is best for their client – the seller – and not what is fair or best for you as the buyer. Having a buyer’s agent ensures you have someone who knows all of the ins and outs that is focused on what is best for you.
* Needs Analysis – Buyer’s agents are experts at helping aspiring homebuyers uncover their needs for a new home, and separating the “must haves” from the “nice to haves” to make sure your new home will meet your most important needs. Buyer’s agents have deep knowledge of area neighborhoods, various builders, features of different types and styles of homes and more. By getting a thorough understanding of your top priorities, they can sift through available inventory to find homes that fit your family.
* Inventory Selection – Your buyer’s agent has access to the Multiple Listing Service (MLS) and an extensive network of other agents and brokers to sort through the available housing inventory in your area and select the home options that best meet your needs and priorities. Your buyer’s agent will also set up appointments (showings) for you to tour available homes, collect your feedback, and use your likes and dislikes to further fine tune their list of homes to present to you. Rather than spending hours on the computer looking through website after website of homes for sale, your buyer’s agent does the legwork for you to find homes that work for you and eliminate ones that won’t.
* Expert Negotiator – Buyer’s agents are masters in the art of negotiation. When you find a home you would like to put in an offer for, your buyer’s agent reviews all relevant data like similar homes recently sold in the area, sales history of the home you are interested in and market conditions to help advise you on how much to offer. They also fill out all of the paperwork and submit the offer to the seller’s listing agent to get the negotiation process going. Your buyer’s agent will be there with you every step of the process to guide you through counter-offers, requesting seller concessions when necessary and any surprises along the way.
* Professional Network – Buyer’s agents develop and maintain a network of qualified professionals you will need during the process. Their network of home inspectors, appraisers, mortgage brokers, real estate attorneys, title companies and even repair services or moving services help keep the entire process running smoothly from start to finish – including move in!
When you are looking to buy a new home, you want someone who is dedicated to you and your interests to guide you through the often-complex process of looking for and buying a home. A buyer’s agent is there to ensure you are treated fairly and also help you navigate through each step as efficiently as possible.