When you
are involved in a business transaction it is always important to have someone
working on your behalf. Although buying
a home is personal, it is no question that it is a business transaction. I am often asked why a buyer would need a
buyer's agent working for them. Many
think that just going through the listing agent of the home they would like to
buy somehow get them the best deal. It is quite the opposite. Here are the reasons it is always best to
have a buyer agent represent you when purchasing a home:
It's
FREE - That's right, having a buyer's won't cost you a thing. It's the seller
who pays the commission, not the buyer.
It's
Convenient - Targeting the right neighborhoods,
finding homes that fit your criteria and scheduling showings can be a
full time job. If you already work 9-5 it can become daunting and overwhelming
very quickly.
Market Knowledge - Understanding the local
market is key to finding the best home at the best price possible. And market
knowledge is something that isn't easily attained in a short period of time.
Professional
Negotiation - Making an offer and negotiating with a seller is by far one of
the most specialized parts of the home buying process. A good buyer's agent
will be skilled and experienced in the negotiation of the price you will pay
for a home.
Professional
Connections - Getting to the closing table requires the expertise of a number
of professionals. Mortgage brokers, inspectors, contractors just to name a few. Buyer's
agents have worked with a number of providers, both great and not so good. When
you hire a buyer's agent you get access to their network rather than having to
research and build relationships from scratch.
Access
to Comps/Sales Info - Comps are extremely valuable when you're considering how
much to offer on a home. Agents have access to the latest sales prices of
comparable homes and can help you submit an offer that will be acceptable to
both parties. This is just one way that a buyer's agent can save you money
during the home buying process.
Mitigator
of Emotions - Buying a home stirs up a lot of emotions, which is to be
expected. However, if those emotions aren't kept in check it can cause many
problems that could otherwise be avoided. A good agent removes the 'emotion' in
a transaction and helps all the parties keep on track with their goals and more
or less 'neutralizes' most situations.
Buying a
home can be a long, emotional, expensive process. It is also an exciting, life
changing step in a person's life, whether it is your first home or your 10th
home. It is important to have expert advice, every step of the way, to make
sure that you make a sound investment and get the most from your money. Plus,
it can take some of the pressure off while you attend to other responsibilities
in your life.
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