Tips on How to Work With Your Buyer’s Agent

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Tips on How to Work With Your Buyer’s Agent

Posted by nxhsadmin on February 26, 2021
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Learn How to Work With Your Buyer's Agent In Order to Find Your Dream Home

Hello HomeHunters! 

Now that you are ready to get your HomeHunt started, you need to prepare yourself for what can be a complex process. But, do not worry! Our HomeHunt agents do their very best to ensure that this process is as stress-free as possible. Having a real estate agent on your side can really make the difference, especially when it comes to the many challenges involved in buying a home. 

What Is a Buyer’s Agent? 

You may have heard terms such as selling agents, listing agents, buyer’s agents, etc., so what is a buyer’s agent? A buyer’s agent is a realtor that helps home buyers navigate the housing market. They can offer benefits ranging from saving you money to helping you find a property that meets all your needs, making all the difference in this intricate process.  

Here are 5 key benefits of working with a buyer’s agent: 

  • Spotting potential issues that could cause serious concerns down the road
  • Helping you overcome setbacks found in home inspector’s reports or appraisals
  • Finding the right property and providing real estate comps for informed purchasing
  • Negotiating offers and filling out all the paperwork
  • Providing a trusted network of recommended professionals from lenders to movers

Once you have decided to hire a buyer’s agent, they can offer the comprehensive support and guidance you need to purchase your home. Like any relationship, there are always things you can do on your end in order to create the most successful outcome. Here are some tips on how to work successfully with your buyer’s agent: 

Find the right real estate agent.  

There are a lot of real estate agents out there, not to mention agents that specialize in specific neighborhoods and demographics. Since many agents have special niches, finding the right one that is aligned with your property goals can help you experience faster, better results. Take the time to research and find realtors that specialize in what you are looking for. Once you have narrowed it down to a few that you like, take the time to interview them. Ask them questions about their portfolios, negotiation skills, and anything else relevant. It is best to work with someone that you feel comfortable with and can offer the support that you need.  

Provide clear guidance about your property needs and expectations. 

Clear communication is key for making sure you are on the same page with your buyer’s agent. It is important to express your needs and expectations when it comes to your future home.  

We value efficiency here at HomeHunt. Before you start working with your buyer’s agent, the best thing you can do is to determine what exactly you want from your new home. Some buyers know exactly what they want, and some are all over the place with their interests. Either way, a buyer’s agent will work with you to find the house of your dreams. Take the time to calculate what you can afford in terms of a mortgage and down payment. Having these goals narrowed down can better help your agent find properties that are ideal matches. This will help you save time and improve the house-hunting process.  

Communication is key.  

It is also a good idea to let your buyer’s agent know how you like to operate. If you prefer texting, emailing, or in-person meetings, it is important to tell them your preferred form of communication so that you can effectively and quickly talk about new houses on the market or actions that need to be taken.   

Ask a lot of questions and use your buyer’s agent as a resource. 

Our job is to help you! Ask questions, be informed, and reach out to us if you are confused. Chances are that you will have a lot of questions, especially if you are a first-time homebuyer. Buying a house is a serious endeavor, so it is important to be well informed before making any decisions. You will need to have a solid understanding of the entire process from signing a contract with your agent to closing. Working with an experienced, reliable agent will provide you with the ultimate resource during your house hunt.  

Practice open house etiquette when working with your agent. 

Yes, there is proper home buying etiquette. There are some instances where open houses are meant for realtors only. These are referred to as a “broker’s open”. However, publicly advertised open houses are meant for potential buyers to visit. Talk to your agent beforehand since some may want to accompany you to an open house. If your agent does not need to go with you, ask them for some of their business cards to keep on hand. That way, if you visit an open house without your buyer’s agent, you can hand the listing agent your agent’s card. This ensures that the listing agent will not call you directly and will instead follow up with your agent. Whenever visiting an open house, make sure to keep your realtor in the loop so they can do some research. Always utilize your agent as a resource so you can make the most informed decisions on any home in any situation. 

Understand the commission structure. 

One of the main concerns individuals have with working with an agent is the fees. However, the cost generally is the seller’s responsibility. All real estate agents are paid on commission or receive a percentage of the house sale. The commission typically goes to the listing agent on the seller’s side and is split between them and your buyer’s agent. Some agents require a flat rate for certain projects like rental properties. While the commission structure is standardized, it’s recommended to speak to your buyer’s agent before you start working together so you know what commission is expected. 

Our Trusted Buyer’s Agents Are Ready to Work with You 

Working with the right buyer’s agent can provide all the necessary benefits for a stress-free home purchasing process. Our highly experienced HomeHunt agents are here to provide the support and guidance that you need to find the perfect home that meets your needs.  

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