Buyer Tip: Why hire a buyer’s agent?

As much as you might think I am giving this advice from a biased standpoint, I actually feel VERY strongly about it.

Did you know that there are some states now that require buyers to have representation via a buyer’s agent? It certainly makes sense to me!

If I were to make a purchase outside of my direct area, I can guarantee you that I would hire a buyer’s agent. Why on earth would a REALTOR hire a buyer’s agent???? Well here are just a few reasons below:

  • They will be working in your best interest

  • You will NOT pay more for the property despite what misconceptions might be out there . A great buyer’s agent’s job is to get you the house for the lowest price possible. Depending on the market conditions, you may or may not be able to get much of a discount on the listing price.

  • They will be well versed in the area that you are looking to buy in. They may be able to tell you about places to go, things to do, and people to connect with.

  • They should be able to run a CMA ( Comparative Market Analysis ) report for you so that you can see what properties have sold for in that area.

  • Ideally you will find a buyer’s agent that is a rock star negotiator ! This is a HUGE part of the buying process. You want them in your corner when it comes time to present the offer and negotiate on your behalf.

  • As a buyer’s agent, they are allowed to give you recommended lists of contractors, attorneys, and home inspectors. Especially if you are new to the area this part of the home buying process is so important.

As of now, in the state of Massachusetts, we are still allowed to practice what is called “ Dual Agency” There are a variety of circumstances in which this scenario can occur. Without getting into the weeds of explaining this, I have put a link below so that you can read more about it. As a personal policy, I avoid this scenario if possible.

http://berkshirerealtors.net/wp-content/uploads/2013/08/Flyer-Consumer-Guide-To-Representation.pdf

I am always more than happy to answer any questions that you may have about why it is so important to have a buyer’s agent and how to find a great realtor. Always feel free to share any other thoughts that you might have about this post.

Have a great day !

Tanya

“If We Always Helped One Another, No One Would Need Luck”

Sophocles