There are several reasons’ that a buyer’s agent is needed. I’m a full time, experienced Realtor that works with buyer’s everyday, so here are a few things that a buyer’s agent does:
Helps you through the negotiating process
This is probably the most important part of having an agent represent you. The seller’s or builder’s agent only represents their interests, not yours. The agent working for the builder or seller has one job, and that is to sell you a home and maximize the profits for their seller. You have to understand everything you’re signing, including addendums to the contract, possible delays, what would happen if your current home doesn’t sell, etc. The most important thing to remember is that a buyer’s agent helps walk you through everything step by step, and works for you, not the seller.
A buyer’s agent is at no cost to you
The seller along with the seller’s agent pays the buyer’s agent fee. Many buyers mistakenly believe they would get a better deal if they do not use a buyer’s agent. They assume that since the seller has to pay the agent a commission, they would be willing to pass those savings on to the buyer if they do not use an agent. This is NOT true. In fact seller’s agents charge the same price regardless of weather or not you use an agent.
Makes sure you don’t overpay for a home
If you buy your home directly from a seller’s agent, they are only looking out for the seller’s interest. A buyer’s agent will provide you with valuable comparable properties, and give you their opinion of the value.
A buyer’s agent can guide you through the “multi-stage” process of an independent home inspection, and help you through the inspection reports.
Much, much, more
A buyer’s agent is a valuable asset to any home purchase, and should never be considered as an unnecessary part of the process.
If you’re looking for a full-time experienced real estate agent, please contact me anytime