Buying a home is a significant and exciting decision. This section provides professional real estate advice and helpful home buying tips. The Internet and real estate professionals are the top two resources most buyers turn to when searching for a home.
Home buyers should always have their own agent. Buyer agents work to negotiate the best terms and price for the buyer. Best of all, the buyer agent’s services are free to the buyer.
Whether a buyer uses an agent or not, the seller still pays the commission. The only person that wins when buyers are not represented is the listing agent.
Why Should You Hire a Buyer’s Agent?
A buyer’s agent exclusively represents you and your interests. We are there working side by side with you from the moment you begin your search to the day you get the keys to your new home. We take the time to learn about you, to analyze your needs in a home or investment property, and make recommendations based on that information. A buyer’s agent is an expert on the local market and can advise you on neighborhoods, trends, and values. We can help you understand what you are able to afford, what kinds of homes suit your needs, and what might be the best value for you now and in the long run.
What Does it Cost to Use a Buyer’s Agent?
Most people think they have to pay a sales commission. The truth is this: only the seller pays the commission.
It costs a buyer NOTHING to use a buyer’s agent – buyer’s agent services are FREE! Any fees are paid by the seller. Not only is it free, but a buyer will actually generally save money using a buyer’s agent because a buyer’s agent only represents their interests. Therefore, your agent will be looking out for you, negotiating the best possible price for you, and saving you time and money along the way. A good buyer’s agent will also have referrals to trusted, and fair-priced, vendors.
Buyer Agents and the Agreements
Most buyer agents will have their clients sign an agency agreement, an Exclusive Buyer Agency Agreement. It outlines their services, how they are compensated, and how the two parties will work together.
- Protect their client’s financial information
- Negotiate the best possible price for the buyer
- Must disclose to the buyer if they are working with another buyer interested in the same property
- Show all properties the buyer is interested in that fits their criteria and budget
- Connect you with the service providers—inspectors, lenders, home warranty companies—to best suit your needs
- Buyers must work with their buyers agent exclusively
- Buyers should never give personal information to any other agent
- Buyers should not call other agents to see properties, ask questions, even if they think they are saving their agent some time and effort
- Buyers should clearly define their must haves and deal breakers to help their agent streamline the showing process
Home buyers are at a premium in today’s housing market. Buyers should interview agents just as seller’s interview listing agents.
Make sure the buyer’s agent you select is familiar the type of property you want to purchase, the area you want to purchase in and the particulars of your situation. An agent is only as effective as the information they are given. Clients relocating from one city to another require a different set of skills from a client moving within the same area, for example.
Buying real estate is a big decision. The best advice is to find a REALTOR® who will guide you through the local market conditions. The home buying process is stressful enough without worrying about who you can and cannot trust. Your buyer’s agent is your trusted advocate.
If you are ready to start your search click here and let’s get you started.