Why Use A Real Estate Buyer Agent

Why Use A Real Estate Buyer Agent



In short, the​ reason is​ to​ get you a​ better deal than you would have gotten without one. It's really as​ simple as​ that! This means getting you exactly what you want, keeping you from what you don't want, saving you time and​ hassle, saving you money by finding underpriced homes and​ negotiating an​ even lower price, making sure all papers are written to​ your advantage to​ save you 2% of​ the​ cost of​ the​ house in​ fees, keeping you in​ control, and​ seeing that everything is​ handled until the​ sale actually closes. Having a​ buyer agent is​ the​ difference between having a​ repair manual (seeing homes online) and​ having a​ mechanic (actually buying one). This means that if​ you aren't in​ the​ real estate business, you won't be familiar with the​ ins and​ outs of​ buying a​ home (meaning no offense to​ you). You also won't be familiar with how to​ make it​ work for​ you. The listing agent will use this fact to​ get the​ seller a​ better deal at​ your expense. Just because an​ agent is​ likable and​ is​ driving you around doesn't automatically mean he is​ working for​ you! Unless you have an​ agreement otherwise, he is​ the​ SELLER'S agent, not YOUR agent, and​ will work to​ get the​ seller the​ best deal!
A buyer agent is​ trained in​ real estate and​ can make sure everything works for​ the​ home buyer, such as:

  • Finding a​ "pool" of​ homes for​ sale that have the​ features the​ homebuyer wants using the​ sources of​ information the​ Realtor has developed

  • Ablity to​ identify which of​ these homes are also sweet deals, so you don't overpay

  • Getting a​ good idea of​ a​ house's condition and​ any defects it​ might have just by looking at​ it, which will save the​ homebuyer a​ lot of​ trouble

  • Many agents preview homes for​ sale, so they have seen many of​ them in​ person (not just on a​ computer screen), know their condition, and​ can save you time

  • Knowing what is​ normal and​ negotiating the​ most favorable price and​ terms for​ the​ home buyer, which can obviously save you thousands of​ dollars on your purchase

  • Making sure all of​ the​ numerous necessary real estate forms and​ disclosures are handled and​ written to​ your advantage

  • Knowledge of​ various companies who will work best for​ different situations such as​ title, inspections, appraisals, surveys, insurance, flood insurance, and​ other matters handled from acceptance to​ close

  • Knowing a​ few mortgage officers who have shown themselves to​ be competent, hardworking, and​ able to​ do what they say up front

  • Handling all the​ many day-to-day problems that need to​ be done to​ get the​ transaction completed and​ that most people don't have the​ time, willingness, or​ knowledge to​ handle. Some of​ these problems will delay or​ even derail a​ closing and​ disrupt your plans to​ move - obviously causing you many problems and​ costing you money - and​ your moving van can't unload until all i's are dotted and​ t's are crossed.


  • How do you know that a​ Real Estate agent is​ working for​ the​ buyer?

    If you don’t have a​ WRITTEN buyer representaion agreement with a​ real estate agent, then that agent will be working for​ the​ home seller BY DEFAULT and​ will get the​ best deal for​ them (maybe at​ your expense.) the​ typical scenario works like this: the​ Realtor says that the​ owner doesn't want to​ negotiate on terms. Why? Because he is​ trying to​ get THEM the​ best deal, not YOU! is​ he showing you listings that aren’t what you want? That’s because he is​ trying to​ sell the​ houses that are listed with his company ONLY! (Can’t blame him, that’s what he is​ contracted to​ do.) Did the​ sellers find out that you were willing to​ pay full price? That’s because THEIR agent told THEM what you said! (He HAS to​ do this. He is​ THEIR agent, not YOUR agent.) You wouldn’t think of​ going into a​ courtroom and​ expecting the​ other guy’s lawyer to​ be looking out for​ you, would you? the​ same idea applies to​ real estate agents.

    What are common reservations to​ hiring a​ Buyer Agent?

    1. You want to​ do it​ all yourself

    2. You don't want to​ pay for​ an​ agent

    3. You don't want the​ hassle of​ dealing with an​ agent

    Consider:

    1. Are you sure you know everything you need to​ know to​ get the​ home you want, get a​ good price on it, and​ write the​ papers so things work your way? Are you "in the​ know" when it​ comes to​ current real estate information? Do you have the​ pulse of​ the​ market? Do you know about real estate procedures and​ which forms to​ use? Do you have the​ desire to​ be a​ martyr, or​ the​ desire to​ buy a​ home? the​ Realtor has already learned all this, both out of​ the​ book and​ through experience.

    2. There is​ usually no additional charge for​ a​ Buyer Agent to​ work for​ you - the​ listing agent will split his fee with the​ Buyer agent. as​ a​ side note, if​ an​ agent works for​ the​ seller, they get paid EXACTLY the​ same thing, and​ he didn't even negotiate a​ better deal for​ you!

    3. a​ buyer agent reduces your hassle: without one, you will spend long hours looking through ads or​ online listings, making calls for​ showings, not getting callbacks, driving out to​ see houses that turn out to​ be not what you want, feeling awkward in​ other people's houses, spending time on papers, making multiple calls every day to​ keep things on track, dealing with lenders who need a​ daily 'nudge', requests for​ information (and knowing what information they are talking about), coordinating closing, running across town for​ documents, and​ doing everything at​ odd hours on weekends. (Ahhh, the​ pleasures of​ buying a​ home!) the​ buyer agent does all this and​ just reports the​ highlights to​ you.
    The simple reality is​ that you will be working with an​ agent no matter which home you buy, whether from a​ private owner selling his/her house through a​ real estate agent who represents THEM (not you), or​ from a​ builder’s representative (the agent who is​ in​ the​ sales office on the​ new home lot), who represents the​ BUILDER (not you). Or, you can work with an​ agent who looks out for​ YOU. Which do you prefer?

    © 2018, Jon Kresh




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