Why Is A Buyer’s Agent Important?
A real estate transaction can be a complex process involving signing of documents, lining up contractors, home inspectors and mortgage lenders.
With an experienced buyer’s agent, they can guide you through the process, answering your questions and watching your back. They will help you find a property that fits your needs, help submit offers and counteroffers, recommend property inspectors and other professionals.
With the right agent, you’ll have someone looking out for your interests every step of the way.
What are the costs I can expect when hiring a REALTOR®
In most areas the buyer does not pay for the agents services directly. Instead, your agent will have an agreement with the listing broker to share his/hers commission (usually about half), which is paid by the seller.
If you’re thinking this arrangement works against you by giving a buyer’s agent an incentive to direct you to offer more than you need to on a property, consider this:
The buyers agent will only see an increase in commission of around $100 if the purchase price was increased by a couple of thousands dollars. Your agent should be engaged in the business full time and is not willing to risk their reputation for a small commission differance. Your satisfaction – which can create referrals to your friends and family is the ultimate goal of your REALTOR®. It’s what keeps their business growing.
When searching for a buyer’s agent look for an agent who understands your lifestyle, research them on the web, ask about their educaiton and experience in the real estate business. A good agent will know the areas you’re interested in, and should be able to answer your questions.