One of the most common questions that comes up when people start their house hunt is – do I really need a real estate agent?
Often this question is the result of a misconception that not using a buyer’s agent will save a buyer some extra cash or that it’s easier just to negotiate independently. Most of the time, these hesitations are misled.
It Doesn’t Cost the Buyer a Dime
One of the primary reasons a buyer might shy away from using a buyer’s agent is the idea that it is an added expense in the home buying process. In fact, using a buyer’s agent is absolutely free to the buyer and usually saves them money in the long run. A buyer’s agent works on commission, which is traditionally paid by the seller.
Essentially you would benefit from a no cost, experienced real estate professional that will likely save you time and money during your home search, subsequent negotiations and closing.
You’ll Save Valuable Time
During the home buying process there are several ways a buyer’s agent will earn their commission. Your agent will search for homes within your criteria and sometimes even preview those homes, set up appointments to view them, and ask all the right questions during the viewings. With a good agent, there won’t be one rock left unturned. After all, this is a buyer’s agent area of expertise, so you can leave the worrying to them!
Once you do finally decide on your dream home the buyer’s agent will handle the negotiation process, drawing up offers, scheduling inspections and overseeing the escrow process In some states a lawyer will need to be present, but in most parts of the U.S. the buyer’s agent can handle all of the steps in the process!
You’ll Have Access to Everything on the Market
A buyer’s agent will have access to all databases and listings that might not be as readily available to a buyer. For instance, a buyer’s agent will have access to the MLS (Multiple Listing Service), the searchable database of homes currently on the market. They can easily send listings your way when you provide your basic search criteria.
Also,
because you’re busy in your life or focused on selling your current
home, you may miss out when new listings come on the market. A buyer’s
agent is focused on all things real estate all day so your perfect home
will be top of mind for them when it might not be for you.
Source of Information
If you’re spending a lot of time googling information about home inspections, mortgages, title companies and laws around home buying, you should instead be spending that time looking for a reputable real estate agent.
Your new buyer’s agent will be a wealth of information. They will walk you through every step of the process without you having to consult other professionals. They can even provide names of mortgage brokers or attorneys for you to work with since they interact with these professionals on a regular basis.
Purchasing a new home is not a process that should be taken lightly. It’s a huge financial and personal decision so why not use all the resources available to you when purchasing your dream home – especially when a buyer’s agent can likely save you money! Using a buyer’s agent will be the easiest decision you make when purchasing your new home.
