7 Great reasons you want me to be your buyer’s agent.
- Local Expertise
Real estate agents have first-hand knowledge of the real estate market. You likely don’t know exactly what the market is like right now in your area. Are homes generally selling for 97 percent of asking price? Can you expect to compete against multiple offers? If you want a three-bedroom detached home, what should you expect to pay? What’s the inventory like? Your agent will be able to counsel you on these topics. The best way to get an offer accepted at a price that’s in your favor is to know the market intimately, that’s where I come in.
With an agent, you’ll have an experienced advocate and negotiator. Buying a home is an emotional process. For many people, it’s the largest transaction of their life and it’s often done during other major life changes, like an expanding family or a job relocation. Stress and strong emotions can cloud judgment – which can cause you to make a decision you’ll later regret.
As a real estate agent, we look at a transaction with an experienced, rational eye. We can help you understand your options and serve as a balance against making a rash decision.
We also advocate on your behalf, especially at the negotiating table. We’ll try to get you the best deal possible, without letting strong emotions get in the way. I want you to be 100 percent satisfied with the home you purchase and the service I provide. When you tour a home with me, you not only have access and privacy, but you also have an advocate whose fiduciary duty is to look after your best interests.
- No Additional Costs
Having me as your buyer’s agent is free to you the buyer. People have an idea that they’ll save money by not using an agent to buy a home. This isn’t accurate. The entire commission on a home purchase is paid by the seller to the seller’s broker, who in turn gives part of the commission to the buyer’s broker.
Some people think that if they don’t use a buyer’s agent, that part of the commission can go in their pocket, but this is generally not the case. The commission rate is agreed upon via a contract before the listing even goes on the market. If you choose not to have representation from a buyer’s agent, the entire commission is then paid to the listing agent. The listing agent would have to agree to modify their contract to cut you in on part of their compensation, and this is unlikely.
- No Contracts
I don’t ask my customers sign a contract before working with them, and I don’t require my clients to pay a commission regardless of who finds a home. As I help you find a home, I work on your behalf, protecting you and your interests, at no cost or obligation to you. So how do I get paid, my commissions are paid by the cooperation of the listing real estate agent via MLS cooperation.
- Comparative Market Analysis (CMA) experience
You may ask yourself, Am I offering too much or too little for this house? You don’t want to overpay, nor do you want to offer too little and lose out on a good deal. I help by giving you an idea of what you should offer. Creating and interpreting a CMA report, and crafting a successful offer, is an art that takes a certain level of expertise to perfect. I don’t charge CMA fees to my clients.
You could hire an agent to complete a CMA for a flat fee (often around $75), but my clients generally need CMAs for multiple homes before getting an offer accepted. It is not uncommon for me to complete five to 10 CMAs in the course of working with one client. The costs of paying for these a la carte can really add up.
- Preparing (and negotiating) a purchase agreement
Drafting an offer can be even more complicated. I tell my clients that everything in the contract is negotiable. That means that every line of the contract is important. Failing to know the importance of certain line items could cost you a lot of money down the road. Buyer’s agents know how to write an offer, with the best possible terms, to ensure your interests are protected and that your offer is accepted.
- Find the Right Fit
Finding a good agent is important. Ultimately, you will want an agent who’s knowledgeable, dedicated, full time, hardworking, organized and who has no conflict of interest.
My actions prove I have these traits to my clients, and since there are no contracts, costs or obligations you can find out for yourself with no risk whatsoever.