- Sarah Vance - REeBroker Group
Do I Need A Buyer’s Agent?
Updated: May 2, 2022
What Value Does the Role of Buyer’s Agents Play in Real Estate Sarah Vance, REeBroker Group
Whether you are a first-time home buyer or a veteran investor, with the rising use of technology in the home purchasing process one of the most important questions is –
Do I Need A Buyer’s Agent?
Top Reasons Why You Should Hire A Buyer’s Agent?
No Cost or Fees. In a standard transaction, the seller pays the commission fee for both the listing agent and the buyer’s agent.
Networking Advantage. Buyer’s agents may obtain access to listings before they hit the market.
Unlimited Access to the MLS – Multiple Listing Service which has 99% of all homes.
Fiduciary Duty. Buyer’s agents are legally bound, per the signed agreement, to put their clients’ needs about their own as well as actively protect their client’s financial interests.
Negotiations and Contracts. 90% of homes on the market are represented by an agent. Therefore, unrepresented buyers are at a disadvantage during negotiations and contracting processes.
Industry knowledge. Buyer’s agents know the real estate market and neighborhood values which helps you get the best price when purchasing.
Walk-through of the Escrow & Mortgage Processes. Monitor your mortgage commitment, to assist and guide you in the dos and don’ts before loan finalization.
Hopefully after reading these reasons as a consumer you are beginning to understand that having expert representation will ensure a smooth transaction process from start to finish.
That being said – as real estate agents and brokers in this changing industry its is our duty to be aware of what our clients, the consumers, are anticipating and expecting in buyer or seller agency such as: single-listing websites, virtual tours, drone and high-definition video and photography, agent’s communication skills and network of reputable professionals, MLS access, and internet/social media marketing.
A buyer’s agent will encompass all aspects of professionalism
Place your best, business foot forward by engaging and embracing the advancements that technology is bringing to the industry. It’s encouraging to know that most consumers still want the human interaction and involvement when it comes to their real estate process because as one of the most important financial decisions of their lives it is always best to have an expert. So, position yourself as that expert and personalize your customer service!
Read more: https://www.info.reebroker.com/blog
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