Most home buyers who choose to not use a real estate agent are trying to save money on real estate commission costs. However, the key to successfully finding the home of your dreams is to hire an experienced real estate agent who knows how to navigate you through the entire process. Not only will this save you from the headaches that come with preparing to get a mortgage or house shopping, but it will also save you money since your agent is always looking out for your best interest.
One of the greatest benefits of hiring a real estate agent is their negotiation skills when making an offer on a house. Since the majority of home buyers don’t have negotiation experience, going through the negotiations by yourself can often result in less favorable terms. There are more negotiating points than just price, and knowing how to negotiate multiple terms at once can ultimately provide a better deal. Also, negotiations are like a game of poker, and you have to have experience in reading signs from the other party.
REAL ESTATE CONNECTIONS
When buying a house, you will potentially need several professionals such as a mortgage lender, a home inspector, a real estate attorney, and others. A buyer’s agent can recommend trusted resources when it’s time for one of these service providers to get the job done. Having a reliable partner in the process can mean the difference between a smooth closing or a stressful transaction.
MARKET CONDITIONS KNOWLEDGE
Considering how important it is to understand the local real estate market when it comes to making an offer on a house, it is a good idea to hire an experienced buyer’s agent. An agent will be able to save you money by helping you make an offer that aligns with the local home values. Providing an assessment of home value, and understanding the nuances of home pricing, can ensure that the contract price is a fair value for the market.
THE BUYER DOESN’T PAY THE BUYER’S AGENT
While most buyers think they have to pay fees when hiring a buyer’s real estate agent, it’s actually a fee paid by the seller’s proceeds at closing. That makes it an easy decision to hire an agent who’s protecting your best interests throughout one of the biggest transactions in your life.