In Real Estate transactions there are different types of agents who represent different parties in a transaction. As a buyer, especially if this is your first purchase, it is important you find a knowledgeable and persistent expert who will advocate for your best interests. This person is called a Buyer’s Agent. Below are 10 reasons why you need to hire one!
#1. Having a buyer's agent is FREE to the buyer.
A buyer’s agent is paid through the listing agent’s commission. A buyer’s agent’s job is to advocate for the buyer in real estate transactions. Using a buyer’s agent allows prospective buyers to view homes, get critical advice and ask questions without feeling pressured by the listing agent.
#2. Having a buyer's agent gives you more negotiating power.
Let your buyer’s agent advocate for your best interests! Remember the listing agent works for the seller, so they want the house to sell as fast as possible at the highest price possible.
#3. It gives you full access to the MLS.
As a member of the multiple listing service (MLS), your agent has full access to the searchable database of MLS listings. A buyer’s agent spends time tailoring searches to your specific needs and desires. As your personal advocate and friend in the real estate business, your buyer’s agent will take time to get to know you, not just how many bedroom and bathrooms you want. This personal relationship allows your buyer’s agent to find you the perfect house, and helps ease any nervousness you might face when making such a large purchase.
#4. A buyer's agent will save you valuable time.
Why do something yourself when you can have a professional buyer's agent do it for you for free!?! Your agent will also perform a lot of the services that you otherwise might have to do yourself such as writing up offers, delivering earnest money, contracts, etc. to the title companies and lenders. As a knowledgeable professional in the real estate industry, your buyer’s agent can recommend companies they have a good working relationship with. These connections in the lending, inspection, and even repair/construction fields can make the home buying process less intimidating and help you avoid bad experiences.
#5. It makes life easier and reduces stress.
When you have a buyer's agent, you don't have to worry about driving neighborhoods for hours or worrying that you're missing the house that would be perfect for you. You can spend your time doing the things you enjoy while the search is being handled by someone else who is a professional.
#6. Your agent takes care of all the paperwork.
From writing up the offer, to reviewing seller disclosures, to filling out escrow instructions, to reviewing the title-work and closing documents. Avenue Real Estate Group has a full-time office staff to ensure your paperwork and transaction documents are processed correctly and quickly. Your agent will work directly with the office staff to guarantee a stress-free and smooth experience.
#7. A buyer's agent is a great resource of knowledge and information.
Your agent not only has a vast knowledge of the real estate market, but also has a great working knowledge of the history and trends in the area you are interested in. They can provide insight about market conditions, and answer any questions you have about the home buying process, including explaining fair housing laws and agency relationships. Our goal is give you the best and most accurate information to help you make the best possible informed decisions.
#8. You benefit from a network of professionals.
Your buyer’s agent has developed good working relationships with several home inspectors, mortgage lenders, title companies, and other professional tax and legal advisors. They know from experience which ones have resulted in happy clients and which ones have not quite delivered. Your buyer’s agent can give you access to their network to help ensure a successful buying process without any regrets.
#9. A buyer's agent looks out for your best interest at all times.
Your buyer's agent has a legal and ethical responsibility to represent your best interest at all times. Some of the duties that your agent has to you include: loyalty to you, promoting your best interests, disclosing known material facts, maintaining confidential information, and accounting for any money they handle in the transaction. Your agent is on your side, remember the listing agent ALWAYS has the best interest of the seller as their top priority.
#10. It's nice to have a friend in the business.
The thing Avenue Realtors enjoy most are the lifelong connections and friendships we develop when working with buyers. We want to get to know you and your family! Our mission is “Moving Lives Forward” which we strive to do with every interaction. We understand purchasing a home is not just another transaction, it is the most important transaction you will participate in. We are here to walk you through it and ensure that you enjoy every moment in your new home.
Give me a call and let’s talk more about what I can offer as your buyer’s agent!
Thanks,
nick@avenuereg.com
314.625.3055