If you’re planning to purchase a new home hiring a buyer’s agent can make your home process much easier and more efficient. A buyer’s agent is the one who represents the home buyer in a real estate transaction. Although listing agents have a legal responsibility to protect their sellers’ client however their main focus is to protect their client above any other parties. As a home buyer especially if this is your first time to buy a new home, you should also have the same level of protection coming from your real estate professional.
Here are some of the reasons why you should hire a buyer’s agent.
A buyer’s agent has ways on finding out how much is the worth of the home you are looking for should cost. They have access to websites wherein they can perform a comparative market analysis in order to determine the price of a home or price to offer when buying a home.
Knows Where To Look For A Home
Since buyer’s agent usually helps the buyer to look for a home that they like, he or she knows already where to look for it. Buyers have an easy access to all other properties that are listed on the MLS by other agent. They know what to do and what needs to be done. Agents know where to look for a home that meets your criteria, negotiate with the client and set up an appointment for viewing the property.
Helps You To Write An Offer To The Seller
Once you’ve decided what home you would like to buy, buyer’s agent will help you to write an offer and send it to the Seller’s Agent.
Knowledge Of Real Estate Contract
Your buyer’s agent is knowledgeable about the real estate contract. They can explain it to you what was written in the residential purchase agreement in order to make sure that you understand it. Once the contingencies are not met or are not in the right place it allows you to walk away from the contract to purchase if you are not satisfied.
Negotiate On Your Behalf To Get The Best Possible Terms
Regardless of the price of the home negotiation is going to be part of the transaction process. Buyer’s agent knows how make use of the tricks like offering a concession to make that the buyer will come out ahead or happy and satisfied.
Helps You To Understand The Financing Options
Getting a mortgage is the common options of a home buyer in purchasing a property. Since majority of the people cannot afford to pay in cash. Your buyer’s agent can explain to you the different financing options he or she also knows where to find a great lender.