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Five Reasons You Need A Buyer Agent

By Malcolm Rivers

In the age of the internet many people develop the tendency to rely too much on their own research and to believe that access to information makes with a licensed professional unnecessary. Frequently working with professionals can mean the difference between money saved and money wasted, particularly in real estate. Buyer agents can help potential home buyers, especially first time buyers, navigate the complex process of purchasing a home.

Who Buyer Agents Are and What They Do

A buyer agent is a real estate professional who helps buyers and sellers find locations, negotiate prices and navigate the process of buying or selling a home. Buyer agents work on commission, hired by the buyer or the seller, and are usually paid 1-3% of the sale value.

Managing Negotiations

Negotiating the price of a home can be a complex and involved enterprise, especially for inexperienced home buyers. An experienced negotiator working on your side can work considerably in your favor. Negotiating on your own behalf can be effective but the more experience and knowledge you have at your disposal, in the form of a buyer agent, the better off you're likely to be.

Buyer Agents and Variety

A buyer agent has your interests in mind and is motivated to make the best deal for you. He or she can show you multiple options and may know more about a neighborhood in which you're looking for a home. A listing agent's primary focus is selling you their listing, instead of looking for the best arrangement for you and your family.

Buyer Agents and Listing Agents

When negotiating with potential sellers, someone in the market for a home has to carefully manage sellers' access to their information, financial and otherwise. This information can make a significant difference in improving, or diminishing, home buyers' bargaining positions. Listing agents are less likely to keep your information from sellers, which can negatively affect your bottom line.

Cost Effectiveness

Buyer agents can be hired by either party, which can make their services for you, as a buyer, possibly free. Keep in mind that this does not automatically mean that these services will not be factored into overall price of the transaction on your end.

Information and Logistics

One of the most important things that a buyer agent can do for a potential buyer is handle many of the unforeseen or complex parts of the process. Much of the paperwork can be very complicated, researching the housing market is not necessarily easy, proper oversight for inspections can be invaluable. All three of these are just examples of the numerous and, at times, onerous processes involved in the process of buying and selling a house.

Deciding whether or not to hire a professional to assist and direct you through your real estate dealings can be a difficult decision. There are a considerable number of factors to weigh and one must always be careful. Consider these issues when making a decision and, as always, do your own research so that you'll be in the best position to make a decision for you and for your family

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2/25/2017

Amy Michelle

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