There are many reasons Buyers should be represented by a REALTOR® in today’s marketplace. A few of the most important reasons are the agent’s knowledge of location, pricing, research and inspection negotiations.
Location & Resale-ability
“Location, Location, Location” are the three famous words in real estate and there’s a reason for it. The home you purchase should have the ability to resale quickly in the event you have to move more quickly than you thought, therefore, purchasing a home at the right price and location should always be important. Just because the house is all cute and decorated nicely, doesn’t mean it’s worth the price they are asking.
Negotiations: Pricing & Inspection
An agent representing you during your home inspection is equally important as helping you with pricing. You’ll want to make sure that all defects are negotiated in your best interest and that you are comfortable with the inspection results. Get the right Inspector and a great agent, and you’re on the right track.
In addition to the inspection, I would do further research on the property to learn more about the house itself and updates that were done, check to verify that proper permits were pulled and research any neighborhood developments that could affect your resale.
How does a Buyer’s Agent get paid?
Compensation is always a big question. If the property is listed on the MLS (Multiple Listing Service) the Seller has already agreed to compensate the Buyer’s Agent on behalf of the Buyer. If the property is not listed on the MLS, there are a few options for compensation that we can discuss at our initial meeting.
Your situation is unique!
There are several reasons to have a Buyer’s Agent. I would be happy to set up a time to meet with you and further discuss the process and what it is that you are looking for. There is no harm in meeting, there’s no pressure and you won’t have to sign a contract at the initial meeting.
From the desk of Rachel Whaley