Recently, some of our staff have been looking to move. They’re thinking about becoming ITP home owners and had no idea what to do during open house. TWO MEN Marietta reached out to our friend at Keller Williams Woodstock, Mike Dunn, for insight.
#1. Having a buyers agent is FREE to the buyer. Some people think they can save money by not using a buyer’s agent. In most cases, this is simply not true; and in fact, it is usually just the opposite. For example, in residential real estate, the commission is usually paid by the seller whether or not a buyer’s agent is involved. I mean where else can you employ the services and receive the benefits of a trained and experience professional on your side for FREE!
#2. Having a buyer’s agent gives you more negotiating power. Having a buyer’s agent helps you hold all the cards when negotiating with a seller.
#3. Full access to the MLS. As a member of the multiple listing service (MLS), your agent has full access to the searchable database of MLS listings. We can ask you the right questions to determine what you are looking for and what areas you are most interested in. Once we know your price range and what you are looking for, we will use the full power of the MLS to help you find it. We can provide printouts, email reports, and do custom searches to find available homes that meet your criteria. We can find your dream home. Sometimes we can even tell you about new listings before they come on the market.
#4. A buyer’s agent will save you valuable time. Why do it yourself when you can have a professional buyer’s agent do it for you? A buyer’s agent spends a lot of time previewing homes and staying familiar with current inventories. This knowledge as well as useful technologies like virtual tours, interactive maps, websites, and MLS system exclusivity will save you from wasting valuable time and gas previewing homes that don’t meet your needs. Your agent will also help with writing up offers, delivering earnest money, contracts, etc. to title companies and lenders.
#5. It makes life easier and reduces stress. When you have a buyer’s agent, you don’t have to drive neighborhoods for hours. Skip that worrying about missing the perfect house. Instead, spend time doing enjoyable things while your search is handled. Realtors help hundreds of people with their real estate needs. Our experience will prevent any unpleasant surprises throughout the entire buying process. When you use us as your buyer’s agent, you’ll actually be surprised at how much we do for you behind the scenes. You don’t have to worry about the deadlines and the “what ifs” because we do it all for you.
#6. Your agent takes care of all the paperwork. From writing up the offer, to reviewing seller disclosures, to filling out escrow instructions, to reviewing the title work and closing documents….it’s nice to have a trained professional by your side to handle the paperwork and to help answer any questions you might have. We have done this a time or two, and we’ll help you cross your T’s and dot your I’s and follow up with all the parties involved to make sure everyone meets their deadlines.
#7. A buyer’s agent is a great resource of knowledge and information. Not only are we very familiar with the history and demographics of the area, but we know a lot about real estate. We will educate you about market conditions with current data, and answer any questions you have about the home buying process, including explaining fair housing laws and agency relationships. Our goal is to give you the best and most accurate information to help you make the best possible informed decisions.
#8. You benefit from a network of professionals. Over the years, we’ve developed good working relationships with several home inspectors, mortgage lenders, title companies, and other tax and legal advisors. We know from experience which ones have delivered on time consistently and which ones have fallen short of the bar. We’ll help you find the right professionals to help ensure a successful buying process without any regrets.
#9. A buyer’s agent looks out for your best interest at all times. Your buyer’s agent has a legal and ethical responsibility to represent your best interest at all times. Some of the duties that your agent has to you include: loyalty to you, promoting your best interest, disclosing known material facts, maintaining confidential information, and accounting for any money they handle in the transaction.
#10. It’s nice to have a friend in the business. One of the things we enjoy most about working with buyers is the friendships and relationships that are formed. Our goal is to provide you with the services and be the type of person that you feel the same way about us when the transaction is completed. Your friendship and trust mean more to us than any compensation we get from selling real estate.
Final Thoughts: There are many reasons to have a buyers agent when buying a house and the top 10 reasons discussed above should make it clear, to hire a buyers agent when buying a house!
very few no good reasons to not hire a buyers agent. When you hire a buyers agent, you’re hiring a professional to look out for your best interest during one of the largest purchases you’ll ever make.