Buying a house is a major milestone for most people. There is no reason to go through the process solo, however. You need to work with a buyer's agent. Here's why.
1. Free: Real estate agents work solely on commission, but the buyer does not pay that fee. Commission for both buyer's and the seller's agent comes out of the seller's net proceeds. In other words, it is usually free for a buyer to work with a buyer's agent.
2. Market Knowledge: Like any professional, real estate agents are good at their jobs. They know everything there is to know about their target market, from the schools to home values, even planned construction projects. It is their job to know everything.
3. Neutral Party: As strange as it sounds, sometimes you need a neutral, third party to tell you the truth. If you want the cute bungalow and your partner wants the ranch on the corner, your agent can act as a neutral party and help you talk through the pros and cons of each.
4. Negotiating Power: Negotiating is not a skill set that everyone has. It can be stressful and awkward. Luckily, real estate agents can negotiate for you. It is what they do week in and week out while helping clients get the best deal on their home purchase.
5. Hand Holding: The time between when you decide on the best house for your family until you get the keys can be an emotional roller coaster. Is the seller going to accept the offer? Will they counter? Will the house pass inspection? Will the bank finish in time? A buyer's agent has been through the process many, many times before and can be a calm voice of reassurance during this stressful time in your life.
6. Team You: If anything does go wrong, a buyer's agent is Team you. They work exclusively for you and your best interests. From worrisome inspection results to a bank that can't get the appraisal done in a timely manner, your buyer's agent will do whatever they can to protect you and your financial interests. If you don't work with a buyer's agent, you have to fight for yourself in these situations which can be stressful.
Working with a buyer's agent is a great choice for prospective new home buyers. To learn more, contact an agent near you with experience buying single-family homes.