Choosing a home is hands-down the biggest and most important decision we make in our lives, which is why it’s important to know the many advantages of hiring a buyer’s agent. When setting out to buy a home, it’s therefore vital to work with a professional who’s looking out for you.
Unlike listing agents, who represent the seller of a property, a buyer’s agent has a fiduciary obligation to work exclusively in the home buyer’s interest. This means they work for you and only you.
In this blog, we’re diving into five reasons why using a buyer’s agent will give you an edge during your house hunt.
Read to the end to learn how you can get connected with a professional who can walk you through the entire process of owning a home.
- There is typically no upfront cost to hire
A big advantage of hiring a buyer’s agent is that in most cases, their services do not require an upfront retainer. All their expertise and loyalty comes at no cost to you. Some will request that you sign a contract, but even then, you’re not paying them directly.
The seller tends to pay the commissions for all agents involved in the sale, including the agent you’ve chosen to represent you. This won’t deter your buyer’s agent from continuing to put you first, however. Remember, your agent works for you and only you.
- They shield you from pressure
In a perfect world, every real estate deal would be framed by pure intentions. Unfortunately, house hunters can sometimes find themselves on the receiving end of high-pressure sales tactics from other parties.
If you’re new to real estate, or even if you’re uncomfortable in these kinds of scenarios, you could find yourself agreeing to a deal that doesn’t have your best interests in mind. A buyer’s agent will shield you from these potentially tense interactions and, most importantly, will negotiate for you. They conduct sensitive conversations on your behalf to ensure your goals are met and that your financial interests are protected.
Let’s get into more about how these agents go to bat for your wallet.
- They bring expert negotiation skills
Sellers want to get top dollar for their house. Who can blame them? The listing agent is there to represent the seller’s best interests, so it’s smart to have someone in your corner, too.
When it comes time to make an offer, the advantages of a buyer’s agent are hard to overlook. Remember, these are expert negotiators who know real estate transactions inside and out. They’re experienced in going to the negotiating table and bringing you back results that work for you.
Home buyers, especially those that are first-timers, may not understand the nuances and background knowledge required to deliver results in a negotiation. If you don’t have a qualified professional at your side, it’s easy to get steamrolled or lose out on a property altogether.
- Markets are no match for their expertise
With your mortgage preapproval in-hand, you may think that it’s an easy walk to closing day. Not so fast.
Housing markets bring their own set of challenges and subtleties that require an expert to sort through it all. Analyzing “comps” is only the beginning. It takes experience to perform a sophisticated market analysis. Your real estate deal and home search will be founded on your buyer agent’s ability to dive deep into your desired neighborhood. They will craft an individualized strategy to help you reach your goal. Without proper background and skill, you won’t get far, especially in a real estate market as unique as this one.
In short, a buyer’s agent will help you cut through any barriers the market can throw your way, including barriers you didn’t even know existed.
- They keep it moving, so you can move on-time
Time is money, as we all know. One of the biggest advantages of a buyer’s agent is how quickly they can usher you past snags that can occur throughout the real estate process. These are focused professionals who have your best interests in mind. There are no incentives for them to drag the process out. They simply wish to get you to closing day on the terms that work best for you.
Here are just some of the ways they can help you stay on-track while closing on-time:
- Plan your home search schedule and coordinate showings
- Follow up with relevant parties to ensure all paperwork is correctly submitted
- Watch deadlines and ensure that all elements are in flawless order
- Quickly act to make sure you don’t miss out on an opportunity
- Anticipate issues before they arise to keep things running smoothly
- Protect your earnest money deposit by keeping up with contract performance time frames
It helps to have someone who respects your time as much you do. These are professionals who know how to get you what you want in an efficient way.
At this point, the advantages of a buyer’s agent should be clear as day. Why wouldn’t you work with someone who will have your back?
Our real estate team has Buyer’s Agent Specialists ready to guide you through the entire process of buying a home. We provide these services every day, and we do so with the latest technology, deep market knowledge, and utmost professionalism.
If you’re ready to give your home search the individualized attention it deserves, then we’re ready to help you reach your goals.
Contact us today to begin the process of buying a home. No one has your back like we do.