Buying A Home
Buying a home is one of the biggest financial investments you may ever make. While it is a major commitment and responsibility, it can also be a thrilling experience and a very exciting time in your life. Trust your EXIT Realty professional to help you smoothly navigate all aspects of your home purchase.
It’s time! You’re ready to jump in and buy a house. While you could try to navigate this process on your own, a buyer’s agent can help you along every step of the way. They can give you better access to houses on the market, assist in negotiations and walk you through the nearly endless and confusing paperwork.
What Is A Buyer’s Agent?
A buyer’s agent is a real estate professional who is legally licensed to represent the buyer and their interests in real estate transactions. As a potential home buyer, signing a contract with a dedicated buyer’s agent is often the best way to ensure that your interests are protected.
What Does A Buyer’s Agent Do?
Buyer’s agents assist potential home buyers with the process of buying a home. First and foremost, they can help you find homes that suit your needs and preferences. When you show interest in certain homes, you can count on them to schedule showings on your behalf.
They can also write offers for homes you would like to buy, assist with inspections and negotiations, and guide you through the closing process. Essentially, a buyer’s agent will serve as your go-to resource for anything related to buying a home.
Why You Need A Buyer’s Agent
Let’s dive deeper into several of the most important reasons you should work with a buyer’s agent when buying a home.
We’ll Get You In The Door
An important aspect of a buyer’s agent’s job is to provide you access to homes that you may be interested in. Your agent will work with you to narrow down the houses that fit your search criteria, then act as a liaison between you and the seller or seller’s agent to set up appointments for you to get a first look at those houses.
We’ll Have The Tough Talks
Did you or your inspector notice a leaking water heater or cracked window and you’re not sure of the best way to negotiate with the sellers? Your buyer’s agent will guide your negotiation with the sellers and ultimately contact the sellers regarding any repairs or changes in price that you request.
We spoke to Jeff B. who was buying a home in Ohio and trusted his buyer’s agent to negotiate its price after finding out that the home’s furnace was almost 40 years old. “My buyer’s agent was able to negotiate a $4,000 drop in price on the home due to the age of the furnace. I don’t think I would have been able to negotiate this price drop on my own,” says Jeff.
We’re On Top Of The Paperwork
If you’ve ever gone through the process of buying or selling a home, you know there is tons of paperwork that often gets confusing. Buying a home involves various types of documentation including:
● Pre-approval letters
● Disclosure statements
● Offer letters
● Inspection reports
● Purchase agreements
● Bill of sale
● Title paperwork
● Loan application
Your buyer’s agent can make sure these important documents are not overlooked and that you understand them and fill them out properly. With a buyer’s agent by your side, you won’t have to worry about signing on the dotted line without truly understanding what a paper means.
We’re On Your Side
While it may be tempting to contact the listing agent when you find a seemingly perfect house online, it’s important to remember that the listing agent is acting in the best interest of the seller, not you. A buyer’s agent will be there to represent your best interests, ensuring that you make a competitive offer on the right house for you and your family.
We’re The Expert
If you and your family decide you like a house and want to know more about the school district, your buyer’s agent will have that information available. They will also have recommendations on home inspectors, negotiating, paperwork, and prices on comparable houses. You won’t have to call around or do your own research because they’ll have an answer and information for you almost every time.
We’re The Problem Solvers
A buyer’s agent will be there throughout the home buying process to protect all of your interests and take on any issues that may arise. Ashley G. from Michigan told us that was interested in a house but worried about costly repairs that might pop up the minute she took possession, due to an older roof and water heater.
“We couldn’t negotiate for a new roof or water heater because they were technically A-OK, but my buyer’s agent was able to get the seller’s to purchase a 1-year home warranty that would cover the cost of any sudden problems that might arise,” explains Ashley.
You’ll never write a check or hand over cash to your buyer’s agent. So, how do they make money? Good question! The seller typically pays the commission for both the seller’s agent and the buyer’s agent. As a buyer, you can enjoy the expertise and convenience of a buyer’s agent while keeping your hard-earned money in the bank.
The Bottom Line
Buyer’s agents take the stress out of buying a home by acting as an expert on the local real estate market, making negotiations, handling paperwork, and arranging the closing. Having a professional guide you along the way can eliminate the stress that comes with house shopping and help you and your family find the perfect home for your budget and lifestyle needs.