Wrapping Up Our First-Time Home Buyers SeminarJune 9, 2016
Let Us Help, Check Out These Home Buyer TipsJuly 18, 2016
So, you’re in the process of buying a home and you’ve found one you want to check out!
Congratulations on taking such a big step! What next?
If you’re not already working with a real estate agent to represent you, the next move might be somewhat daunting. Often times, buyers will find a home they love and simply contact the agent featured on the listing. FATAL ERROR. What’s so bad about a listing agent? Nothing at all… if you’re the seller they represent. As a buyer, you need an agent representing you during such an important and monumental transaction, and the listing agent is already legally obligated to their client, the seller.
Working with a buyer’s agent means you’re choosing someone who works solely to meet your needs, with their main focus on finding the perfect property to match your situation. As mentioned before in Why Red Post is the Right Choice
, your agent will take the time to search through the best listings for you, schedule showings for the ones you really love, and when it comes time to put an offer in, a buyer’s agent will negotiate on your behalf while keeping your budget and desires in mind.
Any listing agent’s main goal is to sell their listings to the satisfaction of their clients and therefore won’t typically recommend other options that might suit you better. On the other hand, a buyer's agent is obligated to offer competent and fair service to everybody involved in the sale and will look out for you throughout the entire home buying process.
But what about the cost? When it comes down to savings, there aren’t any when buying through the listing agent vs using a buyer’s agent. How is that possible? As a buyer, you don’t pay a commission - the seller does! So no matter what home you buy, remember that the seller is the one paying the commission. As previously mentioned before, listing agents will try to sell potential buyers on all positive aspects of the house and aren't obligated to tell you about common issues that may sway your idea to purchase or not. When working with an experienced buyers agent, they’ll know what questions to ask and how to research the surrounding area using just their eyeballs and noggin.
If you're interested in a property that could potentially become your dream home, do yourself a favor and work with a buyers agent. You won't regret it.