When you start the home-buying process, it is most likely you will start looking online at homes, maybe drive through neighborhoods you like, or even pick up a magazine with home listings in it. It is important that when you get a little more serious in the process that you contact an agent that is NOT represented by the seller.
If you call on a home in a magazine, or off a sign on a property, you are typically calling directly to the agent of the seller and that agent’s job is to get you to buy the house at the best terms for the seller. many buyers, especially first time buyers get into this position and often pay more for the house, lose the ability to get vital inspections, and may potentially lose money without getting the house because of unknown issues that may arise. This is why it is imperative that you have an agent that is working for you. Nine times out of ten, this costs you no extra money because commission to your buyer’s agent is typically already arranged through broker reciprocity (an agreement from a listing broker to pay a buyer’s agent when they bring a buyer).
Having a buyers agent will help you increase your negotiating strength by getting you in a strong bargaining position which includes getting qualified through a lender, providing comparable data that may show a home is worth less than what the seller is asking, and market knowledge. A good buyer’s agent will also assist in writing a strong offer which gives you ample security and contingencies that protect your interests and gives you the ability to get needed inspections.
It simply makes no sense to put yourself at risk by going directly to the agent of the seller when you could be using the services of a qualified buyer’s agent, generally at no cost to you, and get a much better bargaining position. I work with buyers every day and look forward to assisting you in your next home purchase. Contact me to get started and feel free to browse listings from hundreds of others agents right here on my site. Also, check out my Buyer’s Page to give you more insights on buying a new home.
