Benefits Working with a buyers agent

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New to buying or investing? Lets list the top benefits of working work with a Buyers agent 

1. It costs YOU nothing extra and leads to a ton of benefits that you would otherwise miss out on. Buyers agents are paid through commissions that come out of the sale, and the seller (not the buyer) always pays this. If you were to go without representation, that commission still has to be paid, however it will go entirely to the listing brokerage 

2. They know the market. An educated buyers agent knows the local market better than anyone. Each market is different from town to town and even neighborhood to neighborhood. Anyone who wants to buy a property should be represented by an experienced expert who knows the market that you want to buy in. 

3. They can help with financing. Buyers agents can help you navigate the intricacies of financing options. They can also help you decide on which mortgage program is best and deal with paperwork that any mortgage application entails. 

4. They know the neighborhood and buildings. Remember when you’re buying a home, you’re also buying the neighborhood that comes with it. No amount of online research can replace the knowledge you’ll gain from an experienced agent. For example do you plan on having children and want to know what school zone you’ll fall into? Do you rely on public transportation and need to be close to a station? Are flood zones off limits? You get the gist.. 

5. Access to off market listings. Another advantage of having a buyers agent is that they might have access to off market listings that aren’t public yet. 

6. They can provide investment advice. Hiring an agent can give you the boost you need to get started and help you model anticipated cash flows, internal return rates, cap rates, and expected net profits. They can also put you in touch with all of the right people from lenders to contractors to property managers. 

7. They can handle negotiations Negotiations are a key part of any home transaction. Even if you consider yourself a good negotiator, you may still come up short in comparison to an agent with insider knowledge of the market

8. We manage communications. A buyers agent handles all of the communications between the listing agent and sellers.

9. We can recommend attorneys, mortgage lenders, home inspectors and more. Hiring a buyers agent goes far beyond market expertise and experience, it also gives you access to all other experts involved in the home buying journey. Whether thats interior designers, architects, contractors etc.

10. We can handle the condo/co-op buying process.For those who aren’t familiar with ownership structure or purchasing process a co-op can be a long and stressful journey. Along with all of the negotiating, offers, and counteroffers involved in a transaction – buyers have to assemble a board package and pass the board interview. This requires a great amount of paperwork and preparation. Working with a well-educated agent who knows the area and the board can make this step a lot easier by helping you compile the perfect board package and let you know what to expect in the interview. 

Interested in working together? Have a browse on my real estate website and find out a little bit more about me here.