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Working with A Buyer’s Agent?

What Is a Buyer's Agent and Why Should You Consider Their Services?
A buyer's agent is a licensed professional in the real estate industry who serves as an advocate for homebuyers. Their primary role is to represent the buyer's interests throughout the entire home purchasing journey. Buyer's agents are legally bound to prioritize their client's welfare and go to great lengths to locate the best properties for their buyers, submit strong offers to listing agents, and negotiate the best deals throughout the process.

What Is The Difference Between A Buyer's Agent And A Listing Agent?

A listing agent works for the seller and their main goal is to minimize contingencies and maximize the seller’s profit in the sale. A buyer’s agent approaches the situation from the buyer's perspective to negotiate the best deal on the home and ensures that the buyer is protected during all the contingencies of the sale.

How Does A Buyer's Agent Help Me?

When you enlist the help of a buyer’s agent, you can expect them to assist with every aspect of the home buying process. Below are several items that should be on the to-do list of a buyer’s agent.

  • They Safeguard Your Interests

    A buyer's agent is dedicated to safeguarding your best interests at every stage of the home buying process. Their mission is to secure the most favorable deal on your behalf while providing you with comprehensive information to make well-informed decisions.

  • They Possess Real Estate Expertise

    Purchasing can be scary. Having a knowledgeable real estate expert by your side can alleviate any stress or uncertainty you may experience because they are equipped to address your concerns, keep your best interest at heart, and guide you through all the complexities of the buying process.

  • They Identify Potential Concerns

    A proficient buyer's agent has a keen eye for spotting potential issues that may arise during the home buying journey. Whether it's identifying problematic language in a seller's counteroffer or noting issues mentioned in the home inspection report, they ensure you are well-informed and prepared for any challenges that may arise.

  • Find Properties To View

    Your buyer's agent will ask the right questions to get a complete understanding of what you’re looking for in a home. With this information they can help direct you to properties that may be a good fit for your needs, and ensure you don’t miss any properties that may be a good match.

  • Schedule Viewings

    Once you’ve found homes you’d like to see while house shopping, your buyer’s agent will schedule showings for you at the times that are most convenient for your schedule. They’ll also inform you of any open houses that may be worth attending.

  • Submit Offers

    When you’re ready to make an offer, your buyer’s agent will help write a strong offer and submit it to the seller on your behalf. This step in the home buying process involves a lot of paperwork and legal jargon, so having an experienced professional on your side can be the difference in whether or not your offer gets accepted.

  • Negotiate On Your Behalf

    Oftentimes, an offer from a buyer is met with a counteroffer from the seller. In this case, your buyer’s agent will help negotiate the sales price and any contingencies or other terms in the contract. They will always have your best interest in mind and give you their honest advice/opinion on the best way to move forward throughout the process.

  • Manage Your Paperwork

    You’ll need to manage some important documents when you buy a home. Your buyer’s agent should stay on top of your paperwork so nothing important gets overlooked. Some of this paperwork includes:

    - Preapproval letter

    - Offer letters

    - Executed contract agreement and accompanying disclosures

    - Addendums to the contract

    - Home inspection reports

    - Insurance Documents

    - Title paperwork

    - Closing Documents

  • Make Recommendations For Other Real Estate Professionals

    Before you can close on your new home, you’ll need to get in touch with other professionals, including possibly home inspectors, real estate attorneys and movers.Your buyer's agent will be able to recommend professionals they know to be reputable so you can be sure you're working with people you can trust.

  • How Do Buyer's Agents Get Paid?

    The commission of a buyer’s agent is typically paid by the seller out of the proceeds from the home sale. The amount that a buyer's agent is paid is pre-determined by the seller when they list their home. This benefits home buyers because they get all the benefits of working with a buyer’s agent without being financially responsible for their commission.

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