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Find a Good Buyer’s Agent
There is a difference between a good listing agent and a good buyer’s agent. At times they are the same person, but the activities they perform are different. The buyer’s agent represents YOU and only YOU in the real estate transaction. From the very first meeting they listen to your ideas, needs, wants and financial goals. They will then work with you to find the right home based on this information. They have a fiduciary duty to protect your interests and not the interest of the sellers. They will be your personal representative in the process and handle all the negotiations for you, ensuring you get the best possible sales price and terms.
A buyer’s agent will bring a team of experts together to work with you depending on your needs. This might include a tax consultant, mortgage broker, credit counselor as well as home inspectors. They will help you explore communities and help you learn about the neighborhood, community amenities, school districts, resale value and all the other aspects that you should consider to make an educated home purchase.
Once you go under contract, your buyer’s agent is there for you then too! They will not only negotiate the price and terms of the contract, but issues which arise during the escrow process. You will have a home inspection and there could be a request for repairs. You might also need help with insurance quotes, appraisal problems and title discrepancies. These are all situations your buyer’s agent is prepared for and has experience in solving.
While the buyer’s agent is still paid their commission from the seller, they are the buyer’s representative only and work in the buyer’s best advantage. The buyer’s agent will help the buyer write the purchase offer, negotiate repairs and other adjustments during the transaction and manage the buyer’s side of the transaction until it closes.
Home Buying Guide
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