Buying a home is a huge investment and one of the most important things you can do in life. Because of this, you will want someone who has your best interests at heart without any potential conflicts of interest. This is the job of a buyer’s agent. A buyer’s agent represents the home buyer and has no other outside interests, unlike a real estate agent. They have no listings of their own and will show you homes that fit your needs and budget, including homes that are for sale by owner and new construction homes. Their job is to show you houses that suit you and to negotiate the best possible price for you.
There are multiple advantages to hiring a buyers agent when looking to buy a home. Of primary importance is the fact that the buyer’s agent works solely for you and has no other obligation to the seller or concern for commission. His responsibility is to find a house that is within your budget and to negotiate the best possible deal for you. Because there is no conflict of interest between the buyer’s agent and the seller, you can be sure that your best interests are being considered and not what the best commission price will be for the real estate agent.
A buyer’s agent has access to many more home listings than a real estate agent. Most real estate agents will only show you homes that are listed on the MLS or Multiple Listing Service. However, the buyer’s agent has no such restrictions. They will even show you houses that are for sale by owner, corporate or bank owned and expired. This gives you a much wider range of houses to choose from.
There are additional services that a buyer’s agent can also provide to you at no additional charge. Market research and analysis of the home you are considering and of homes in the area are invaluable services and can go a long way in determining the fair market value of a home. The negotiation skills possessed by the buyer’s agent will help make the best possible offer on a home so that the buyer gets the best deal. When countering an offer, you can be sure that the advice given is in your best interest, whether that means increasing your offer will still be lucrative or that it’s better to walk away from a particular deal.
The buyer’s agent works for you and has your best interests at heart. They have an obligation to disclose to you any relevant information about the seller and an additional obligation to keep your information confidential. This course can be very beneficial when buying a house. Buying a home is an important step and requires a lot of time, effort, and money. You should have someone on your side during this process to ensure you get the best possible value for your money.
