The Benefits of Using a Buyer’s Agent

Photo by Gerd Altmann via Pixabay

It may be tempting to purchase your first home without the help of a real estate agent. If you want to risk not having professional help to buy your first house, you can, but you’ll be leaving a lot of benefits on the table and assuming all the risks.

The Benefits of Using a Buyer’s Agent

A buyer’s agent works entirely on behalf of the buyer in the purchase process. The benefits of using one include:
  • Expert negotiations – Professional agents know the market, costs and what you’re looking for. They can combine the three, plus other variables, to create a formula for negotiating within both your price and comfort levels.
  • Full disclosure – A real estate expert knows what to ask regarding disclosures about the property. They’ll ask for items you may not even think of because of their experience. It’s not that the seller is intent on deceiving you, often they don’t know what to disclose either.
  • Neighborhood specialist – Some agents choose to represent buyers in specific neighborhoods and can tell them about local facts such as planned road construction or rezoning issues that might have an impact on your decision to buy there (both for and against).
  • Closing costs – Your buyer’s agent fights for the best deal for you, the buyer. Relying solely on the seller’s agent could end up costing thousands in extra charges.
  • Lender recommendations – An experienced buyer’s agent knows which lenders tend to close on time and which ones might drag out the process. If you’re closely timing a move, your agent can help you avoid being bogged down with a slow underwriting process. They’ll have recent experience with rates, terms, appraisals and comparable sales.
  • Making the offer – Real estate purchase offers have a lot of forms and papers that cover all sorts of things from contingencies to mold and asbestos mitigation. Your agent knows the right forms and what needs to go into your offer to both protect you and give you the best chance of having your offer accepted.
  • Inspection referrals – having a home inspection protects buyers from unexpected repairs and required renovations once the deal completes. Your agent knows reliable inspectors that look for basement seepage, dry rot, hidden mold, damaged roofs, sewer line issues and a host of other things. You might not think to check the chimney, but your inspector will, saving you from a potential house fire or other issues down the line. A failure in a major system such as electrical wiring, HVAC, or plumbing can wreck your budget if you don’t know about it.
Bottom line is that purchasing directly from the seller without the protection of a knowledgeable agent puts you at risk for all kinds of issues. Remember that the seller pays both agents from the proceeds of the sale. 

3 Signs That Your Real Estate Agent Is a Great Listener

If you’re preparing to buy or sell a home, why should you be forced to work with a real estate agent who won’t listen to your concerns and questions? Instead, hire a real estate agent who is a great listener, and you can receive consistent support throughout the homebuying or home selling journey.

There are many signs that a real estate agent is an outstanding listener, such as:

1. Your real estate agent responds to your concerns and questions as quickly as possible.

Let’s face it – buying or selling a house can be stressful. Fortunately, a real estate agent who is an active listener will do what it takes to help clients alleviate stress time and time again.

An active listener will learn what it’s like to walk in another person’s shoes. Meanwhile, a real estate agent who actively listens to a homebuyer or home seller will be ready to respond to urgent client requests without delay.

Furthermore, it is important to employ a real estate agent who boasts comprehensive homebuying or home selling experience. With this housing market professional at your disposal, you can get expert responses to your concerns and questions. Then, you’ll be better equipped than ever before to make informed homebuying or home selling decisions.

2. Your real estate agent follows up with you regularly.

A real estate agent who understands the value of active listening will follow up with clients regularly. By doing so, this housing market professional can limit the risk of miscommunication and mistakes along the homebuying or home selling process.

In addition, a real estate agent who provides constant updates will take the guesswork out of buying or selling a home. He or she will make it simple for you to streamline the homebuying or home selling process. And as such, this real estate agent will reduce the chance that you’ll encounter potential homebuying or home selling roadblocks that otherwise could prevent you from achieving your desired results.

3. Your real estate agent asks questions and requests feedback.

When it comes to choosing a real estate agent, it is vital to select one who asks questions and requests feedback. In fact, this housing market professional may prove to be an amazing listener who will go above and beyond the call of duty to support you in any way possible.

Ultimately, a real estate agent who asks questions wants to learn about a client’s homebuying or home selling needs. He or she wants clients to succeed and will dedicate the necessary time and resources to help each client buy or sell a home.

On the other hand, a real estate agent who requests feedback is always searching for ways to improve, and this commitment to excellence usually separates an ordinary real estate agent from an exceptional one.

Kick off the homebuying or home selling process by hiring a real estate agent who knows how to listen to his or her clients. That way, you can increase the likelihood of a successful homebuying or home selling journey.