Why Should You Hire a Home Buyer’s Agent?

By | January 22, 2016

A first-time home buyer like you deserves an honest and transparent buyer’s agent. (image credit: CohenHandler.com.au)

The thought of becoming a homeowner is a very exciting one for any person, including you. That moment when you finally realize you have all the things you need and you’re ready to take on a new responsibility, you begin to understand that the entire process is never an easy one. The fact is you need to prepare for it.

And the thing with buying a home is that you’re not really an expert of it. That’s the reason why it makes perfect sense to hire a home buyer’s agent. If you do the search on your own, the risk of doing something wrong is greater. Then you start to ask why, and the answer is quite simple – because you don’t know the market.

By definition, a buyer’s agent is an individual who specializes in guaranteeing that a potential buyer, which in this case is you, will find a home that they’re are looking for. The same individual also will help in the negotiations as well as the making of the contract for the purpose of protecting the buyer’s interest. As the term suggests, this individual will consider your interests as his or her priority.

Top Reasons in Hiring a Buyer’s Agent

In an article we found from FirstTeam.com called “8 Reasons to Hire a Home Buyer’s Agent,” we find three very important reasons why you should consider it.

1. IT’S FREE

As the buyer, you will not have to pay your agent’s commission. It is the seller’s responsibility to pay both the listing agent and buyer’s agent a commission. Basically, you have the opportunity for free representation. Take advantage of it.

2. MARKET KNOWLEDGE

A buyer’s agent will know how much the homes you are looking for should cost. They will have experiencing putting together a CMA, or comparative market analysis, so you can also know how the market is behaving.

3. KNOW WHAT TO LOOK FOR IN HOMES

Because a buyer’s agent regularly helps buyers find homes, she will have an experienced eye when attending walkthroughs. Tell-tale signs of damage or modifications will stand out to buyer’s agent and she will pass that information to you. Armed with what the buyer’s agent’s trained eye has noticed, you’ll be able to make an informed choice.

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You should be paying attention to the first reason, which is the fact that it is literally free. It’s actually quite dumb for anyone to pass on the opportunity to avail of the services of a buyer’s agent because there is really no catch. The seller is responsible for both the listing and buyer’s agent’s commission.

 

Furthermore, another good reason is that a buyer’s agent has first-hand information about the latest trends in the real estate market. He or she knows what or where to look for things you need in your search. This is ideally explained in MiRealTeam.com:

Using a buyer’s agent will get you access to the most up-to-date and accurate information on houses for sale. Sites like Zillow are great for browsing for houses. Unfortunately, the information on these sites is often inaccurate. With houses now selling in a matter of days and multiple offer situations, you need to find out immediately when a new home hits the market that meets your criteria. Your buyer’s agent will have access to the MLS and will be able to get you set up with an account so that you will have all of the same information at your fingertips that they do. The MLS is the Multiple Listing Service. This is the site that listing agents use to promote their listings to other real estate agents.

Article source: http://www.mirealteam.com/why-buyers-should-hire-a-buyers-agent/#.VqImlyp97IU

You might argue that with little effort you can find the information above on your own. But the question are you really confident you can translate that information on your own? Can you interpret it to the best of your interests?

Finally, just think about hiring a buyer’s agent as your best weapon against a real estate market full of tricks, hidden costs, and shadowy deals. Keep in mind that this person will be working for you best interests. In other words, he or she will be on your side.