Top 10 Reasons to use a Buyer’s Agent
How can a Buyer’s Agent help YOU?
There are several reasons to use a Buyer’s Agent, but the most important reason is to have exclusive representation for the purchase of a property.
When buyers decide to use the Seller’s Agent for representation, they must realize that they are not being represented. To be clear: the Seller’s Agent represents the best interest of the seller, not the buyer.
When considering purchasing a property, Buyers should always use a Real Estate Agent to ensure that they are represented and protected. It’s also FREE! The Buyer’s Agent is paid from the commission charged to the Seller by the Seller’s Agent.
The Top 10 Reasons YOU Should Use a Buyer’s Agent
10. Education and Experience
Chances are that you may not know everything you need to know about real estate in Vancouver, so why not hire a professional that does! In the long run, by finding the right Buyer’s Agent (with the right expertise), you will save time, money, and frustration.
9. Neighbourhood and Product Knowledge
An important first step is to understand exactly what you want in a home. A Buyer’s Agent will help you narrow down a specific criteria to ensure your needs are met based on your budget, space requirements, and areas of interest.
A Buyer’s Agent can also provide all the relevant information about specific buildings, proximity to amenities, and the general character of the neighbourhood.
8. To Arrange Tours and Showings
A Buyer’s Agent can arrange for you to view properties and set up tours. They can also accompany you during showings while helping you ask the right questions.
7. Market Conditions Information
Experienced REALTORS are very sensitive to market trends and market variables and can offer expert advice. They can also provide current market data on your areas of interest.
6. Price Guidance
When you find that perfect property, a Buyer’s Agent can complete a Comparative Market Analysis (CMA), including active and sold comparables, to best determine the property’s actual market value.
An experienced Buyer’s Agent will present all the essential information and offer sound advice to help you decide what to offer on a property.
5. Negotiation Skills and Confidentiality
A Buyer’s Agent will be able to effectively and strategically negotiate with the Seller’s Agent on your behalf while acting as a buffer between you and the Seller. An experienced agent will know where to begin negotiations, and how to leverage certain terms and conditions, to help reach your desired price.
Reminder! A Seller’s Agent always represents the best interest of the seller. Ensure you have representation to protect your interests!
4. Legally Binding Contracts for your Protection
A Buyer’s Agent can draft contracts that protect your interests in the transaction and ensure important subjects are in place for your safety.
Contracts can be biased and overly complicated documents. A Buyer’s Agent has the experience and resources to explain the fine print and draft contracts that will protect you should there be an unforseen issue related to the property, the Seller, or financing.
3. Professional Networking
REALTORS are constantly networking with other professionals, many of whom provide services related to buying and selling properties (Home Inspectors, Mortgage Specialists, Real Estate Lawyers/Notary Publics, Accountants, Interior Designers, Handymen, etc.).
Once you have an accepted offer, a Buyer’s Agent can help connect you to professionals they trust and provide background information to help you make a wise selection.
2. Subject Removal…with safety in mind!
Once your offer is accepted and you are comfortable with the agreement, a Buyer’s Agent will go through all the essential processes to help you safely remove subjects. Or, alternatively, they will advise against subject removal should a problem with the transaction arise.
1. It’s FREE!
Buying a home can often be a challenging and time-consuming process, but it doesn’t have to be! A Buyer’s Agent understands the process and can facilitate your transaction. They can also educate you on the finer points of real estate and provide encouragement and support along the way.
But, the best part: it’s free!