When you begin looking at a house, you probably don’t start out with a buyer’s agent. Usually buyers will check out Zillow and Redfin listings on their own, and only sign on with an agent when they decide to write an offer (if they decide to use one at all). The modern, independent, do-it-yourself attitude can put you ahead of the crowd in many different areas, but when you’re ready to make one of your biggest investments, it’s important to have an expert on your side early on. Here are three reasons why a buyer’s agent is essential, especially in today’s housing market.
1. Buyer’s Agents Can Prioritize
Most buyers jump into their house-buying journey with a mile-long list of must haves and non-negotiables. Too many requirements can seriously limit and even eliminate your chances of finding a new home. Some clients spend months looking for their “perfect home,” only to get fed up and settle for something mediocre. A buyer’s agent can help you sift through your checklist and prioritize your search criteria. They know which elements are common in certain areas, and on which ones you may have to compromise.
2. Buyer’s Agents Have the Knowledge and Resources
Agents also have access to the entire database of listed homes, so finding potential homes based on your needs is quick and easy. They can send you an entire list of listings for you to review before you see them in person. Since they know the market, they can also help eliminate unsuitable listings early on. Maybe a house is listed for much more than it’s worth, or it’s hiding a long list of repairs. A buyer’s agent will save you time and money by using their knowledge and experience to focus on the listings that matter.
3. Buyer’s Agents are Master Negotiators
Purchase and sale agreements are no joke. If you’ve ever seen one, you know that the list of clauses and addendums is overwhelming. How do you know what you’re signing up for? Buyer’s agents are experts in the negotiation game. An offer is much more than the price – there are contingencies to be waived, inspections to be completed – even the closing date and the percentage of down payment can make or break the chances of your offer being accepted. A buyer’s agent can recognize the nuances of each listing and determine exactly what it will take to craft the winning offer. In today’s competitive market, using an agent is even more important. Houses often sell for much more than listing price, and the smaller elements of the contract are what make or break a sale. When your chances of getting your dream home rest on a single signature, it’s best to trust the experts.
A buyer’s agent is your advocate in your home buying journey. When it comes to one of your biggest life purchases, you need an expert who can make the transaction as smooth as possible. If you’re feeling a little lost in the home buying process, we can help. Let us know what we can do to help you find your dream home.