Looking For A Home? 3 Reasons You Need A Buyer's Real Estate Agent
Buying a house is a complicated process. You can't simply say you want to buy it and--bam! it's a done deal as soon as you sign the check. Unlike most purchases, buying real estate is a legal transaction. Like most things legal, it requires the services of an expert. While you could have a skilled real estate attorney oversee the legalities or have the seller's real estate agent handle the process, neither of these people are going to work to broker the best deal for you. Every prospective home buyer needs to have their own buyer's real estate agent. Here is what you can expect them to do for you.
1. A Buyer's Agent Will Negotiate Price
The seller's agent main priority is to get the highest price for both the seller; this is what the seller has hired them to do. Legally, they have to present any offer to the seller, but a good agent will likely recommend the buyer remit their offer if it is too low. An offer that is too low can also offend the seller, and they may continue to reject any offer from you thereafter unless it is their full asking price.
A buyer's agent will realistically assess the value of the home you are interested in, take a look at comparable properties in the neighborhood that recently sold, consider the market, and recommend what figure you should offer for the property.
2. A Buyer's Agent Will Make Sure You Buy For The Right Reasons
Far too many people make an offer on a home for the wrong reasons. They are often driven by emotion rather than logic. For example, they may want a home just because it is in the neighborhood they grew up in, or they like the pool in the backyard. These kinds of decisions often lead to buyer's remorse not long after they take possession because the buyer never gave enough thought to whether the house worked for them and their family. A buyer's agent will ask you upon meeting what you are looking for in a future home and why. When they know your motivation, they can remind you of your goals if you get sidetracked. This will result in a higher level of satisfaction rather than regret.
3. A Buyer's Agent Will Make The Process Easier And Safer
Buying a house is exciting, but it is also stressful. With an experienced buyer's agent, you won't have to worry if you are doing things properly. For example, only a fool would make an offer on a home without it being contingent on passing an inspection, having lead testing done, or ensuring the septic system and well are healthy. A buyer's agent will guide you through the process with your best interests in mind.
For more information, contact your local real estate agent.