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2013-07-11 15:59:15
Why Use A Buyer's Agent?

Why Use a Buyer's Agent?

Purchasing a home is a BIG STEP, and a BIG DECISION. The average person spends around 1/3 of their income on their home. The home that you choose has a big impact on your life, and can have a big impact on your finances, as well. A good Buyer’s Agent is invaluable to a Buyer, and can be the difference between a wonderful transaction, and a nightmare.

  1. Full Access to the MLS - The Multiple Listing Service (MLS) is a powerful tool that only Realtors can access. When listing agents market a home for sale, they typically allow any Realtor to present the home to potential buyers, and to present contracts for purchase. The MLS is a database of all homes listed by Realtors, and represents roughly 99% of the homes for sale in any given market. The MLS has evolved into an extremely powerful search engine that allows a Realtor to enter in search criteria, and returns only homes that match those specific parameters.
  2. Maximize Your Time - While driving neighborhoods is an excellent idea to help you decide which locations you prefer, it’s not a very efficient way to find your new home. Your Buyer’s Agent will listen to your needs, make fantastic suggestions based on your likes & dislikes, and provide you with a list of homes that ALL match your wants & needs. A good Buyer’s Agent will help you better organize your search & decision making process – saving you valuable time.
  3. Representation - Listing Agents enter into legally binding agreements that require them to ALWAYS act in the best interest of the Seller. Luckily, your Buyer’s Agent is there to make sure YOUR best interests are accounted for. With your expert Buyer’s Agent in your corner, you can rest assured that you’re on, at least, even ground with the home seller.
  4. Negotiating Power - The MLS maintains a record of, not only all homes listed by Realtors in a given market, but also the sales price of those homes. Your Buyer’s Agent will run a Comparative Market Analysis (CMA) to determine a prospective home’s Fair Market Value (FMV). In simpler terms, your Realtor will look at similar homes in the same neighborhood that have sold recently. This way, you will know whether or not the seller has their home priced fairly.
  5. Experience - The average person buys 3-5 homes in their lifetime. A good Buyer’s Agent will assist in 2-3 home purchases every month. What might seem complicated and intimidating to you is fairly common and familiar to your Realtor. Your Buyer’s Agent will know what to expect, and will know when to alert you if anything out of the ordinary occurs.
  6. Industry Contacts - It takes a lot of people to close a real estate transaction – Buyer’s Agent, Listing Agent, Loan Officer, Inspector, Appraiser, Insurance Agent, General Contractors, and sometimes more! A good agent will come with a strong closing team that has performed in the past, and will continue to perform. A transaction is only as strong as its weakest link! With your Buyer’s Agent & their closing team, you can rest assured that you will have plenty of support.
  7. Peace of Mind - If you are like most people, your home is the largest purchase you will ever make. The average person spends around 1/3 of their total monthly income on their home. This is a big decision and you don’t want to go at it alone. When you use a trusted Buyer’s Agent, you know that your best interests are accounted for, and that you can feel confident in your purchase.                    
 
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