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7 Reasons why you need a Buyers Agnt


Posted: February 19, 2019 by Cynthia Rundatz

Shopping for a new home can be scary. Most buyers ultimately have one question: Whom can you trust? Will real estate agents act in your best interest -- or will they do whatever it takes to sell their client's home? Will your mortgage broker give you a good deal -- or will that broker stick you with a mortgage that you eventually won't be able to afford?

Homebuying is a complicated business that requires a fair amount of legal expertise, and many people want the reassurance that comes with getting help from someone who manages these transactions every day. If that sounds like you, using a buyer's agent can give you some protection.

1. They’ll Get You in the Door

An important aspect of a buyer’s agent’s job is to provide you access to homes you’re interested in. As a member of the multiple listing service (MLS), your agent has full access to the searchable database of MLS listings. She can ask you the right questions to determine what you are looking for and what areas you are most interested in. Once she know your price range and what you are looking for, we will use the full power of the MLS to help you find it. She will provide printouts, email reports, and do custom searches to find available homes that meet your criteria. Your agent can also save you time by setting auto emails to notify you automatically if a listing comes on the market that meets your criteria. Sometimes she can even tell you about new listings before they come on the market.

2. They’re on Your Side

Real estate agents traditionally represent the seller, not the buyer, and they get a percentage of the sale price. Therefore, it's in their interest (and the seller's) to set as high a price as possible. The higher the sale price, the higher the agent's take-home pay.

This system works wonderfully when you're the seller, but it's not always the best arrangement for the buyer. A buyer's agent helps tilt the transaction back toward balance by giving the buyer a professional representing his or her interests.

And the help you get is not just about the money. Seller's agents will do everything within the bounds of the law to get you to buy a house. There's nothing wrong with that. In fact, it's their job. But that also means that every home they sell will be a "flawless gem in mint condition." A buyer's agent will help you get a more realistic picture of the home, the neighborhood, and the price you should pay.

3. They’ll Have the Tough Talks

Your buyer's agent has a legal and ethical responsibility to represent your best interest at all times. Some of the duties that your agent has to you include: loyalty to you, promoting your best interests, disclosing known material facts, maintaining confidential information, and accounting for any money they handle in the transaction. If your agent knows something about the seller that might influence your decision to buy or not or to alter your offering price, she has a duty to disclose that to you subject to federal and fair housing laws. In short, it's nice to know that someone has your back when you're in the trenches of buying real estate.

4. They’re on Top of the Paperwork

If you’ve ever gone through the process of buying or selling a home, you know there is tons of paperwork that can often get confusing. Your buyer’s agent can help make certain that important documents are not overlooked, so you can feel confident signing on the dotted line. From writing up the offer, to reviewing seller disclosures, to filling out escrow instructions, to reviewing the title work and closing documents. . . it's nice to have a trained professional by your side to handle the paperwork and to help answer any questions you might have. Your agent is a professional and, if you have chosen well, she will have done this more than a time or two, and will help you cross your t's and dot your i's and follow up with all the parties involved to make sure everyone meets their deadlines.

5. They’re the Expert

If you and your family decide you like a house and want to know more about the school district, your buyer’s agent will have that information available. Or if you want to put an addition onto a house, your agent will have information regarding local zoning ordinances. They will also have recommendations on home inspectors and movers to help accelerate the process and get you in your house faster. Not only are agents very familiar with the history and demographics of the area, but they will educate you about market conditions, and answer any questions you have about the home buying process, including explaining fair housing laws and agency relationships. Your Buyer Agent’s goal is give you the best and most accurate information to help you make the best possible informed decisions.

6. They’re Problem Solvers

They will be there throughout the home buying process to protect all of your interests. Your agent will take on any issues that come up, as she is the expert in handling unexpected challenges. You also benefit from a network of professionals.  Over the years, your agent has developed good working relationships with several home inspectors, mortgage lenders, title companies, and other professional tax and legal advisors. She knows from experience which ones have delivered on time consistently and which ones have fallen short of the bar. She will help you find the right professionals to help ensure a successful buying process without any regrets.

7. They’re FREE

Essentially Free! The seller typically pays the commission for both the seller’s agent and the buyer’s agent. Real estate agents traditionally represent the seller, not the buyer, and they get a percentage of the sale price. Therefore, it's in their interest (and the seller's) to set as high a price as possible. The higher the sale price, the higher the agent's take-home pay.

This system works wonderfully when you're the seller, but it's not always the best arrangement for the buyer. A buyer's agent helps tilt the transaction back toward balance by giving the buyer a professional representing his or her interests.

And the help you get is not just about the money. Seller's agents will do everything within the bounds of the law to get you to buy a house. There's nothing wrong with that. In fact, it's their job. But that also means that every home they sell will be a "flawless gem in mint condition." A buyer's agent will help you get a more realistic picture of the home, the neighborhood and the price you should pay.

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