We Tried to Sell Our Home by Owner

Have you started your home buying journey and are not sure if you want to work with a real estate agent? You may not be aware that an agent is always beneficial when you're a home buyer due to the following reasons. 

They Are Free

The most important thing to remember is that a home buying agent will always be free for you to use. That is because home buying agents get paid by the selling agent, which is done by splitting the commission that they negotiated with the home seller. If you do not work with a buying agent, then the selling agent will just keep the entire commission to themselves. If a buying agent's services are free, why not use them?

They Protect Your Interests

You also do not want to make the mistake of using the seller's agent as your agent. That's because the selling agent already has the seller's interests in mind since they are the ones paying for their services. While it's very possible for the transaction to go fine if you're using the seller's agent, it is not advised to use them due to a conflict of interest. Using your own buying agent means that you'll have someone looking out for you the entire time. 

They Find You Potential Homes

A buyer's agent is definitely going to have their fingers on the pulse when it comes to what new properties show up for sale. They are monitoring new listings every single day to look for homes that meet your client's needs. You'll not only get the benefit of another set of eyes looking for a home for sale, but you'll get a leg up on the competition by being alerted as soon as a property goes on the market. 

They Know Your Area

A huge benefit of working with a buyer's agent is that they know the area that you want to live in. They've likely bought and sold homes in the area over the years, and know what is fair market value based on market trends. They can tell you things that you may not know about the neighborhood and let you know if you are offering a fair price for a home based on where it's located. 

They Can Assist With Finding Other Vendors

When the time comes to sign a contract on a home, you'll need to act quickly when it comes to securing financing, getting a home inspection, and finding a lawyer. A buying agent will have plenty of local recommendations of who they have worked with in the past that have done a great job for previous clients. 

For more information, contact a home buyer's agent.