Many buyers feel stressed by the complicated process of buying a house. Although a bit intimidating, the process is easier with an agent. Buyer’s agents can use their knowledge and experience to help buyers find, evaluate and negotiate the purchase of a property.
What is a buyer’s agent?
A buyer’s agent is a real estate agent or broker entrusted to represent the buyer’s financial interests in a real estate transaction. Buyers agents search, evaluate and negotiate the purchase of a property on behalf of a home buyer, guiding and assisting them in each step of the process. A buyer’s agent has three main responsibilities they perform for homebuyers:
To help the buyer find the right property, the agent begins by discovering the needs and desires of the buyer. This includes working at the price point they can afford. They sort the active lists and find houses that meet the buyer’s criteria. They discuss the various pros and cons of ownership while in space.
Curious what a real estate agent can do for you?
A Clever Partner Agent can help you save thousands on your commission. Once the buyer makes a decision, the agent informs him about the price and will write and offer to present the listing agent. If the seller rejects the offer, the buyer may decide to negotiate or prove another property. The agent remains a valuable resource for the buyer, even after an offer has been accepted. The agent probably has a network of contractors, home inspectors, brokers and moving agents who can help during the final stages of the sale.
Why use a buyer’s agent?
There are more than a dozen reasons why you should work with a buyer’s agent. First, a buyer’s agent helps eliminate some of the stress of the purchase. As a buyer, you do not have to spend hours driving through neighborhoods, looking for a “For Sale” notice on every lawn. Your agent not only has access to the Multiple Listing Service database, but is also part of a larger real estate network, which gives you the scoop on what’s on sale before the sign come up!
Your agent is legally and ethically responsible for representing your best interest at all times. This includes loyalty, the disclosure of known material facts, the maintenance of confidential information and the accounting of the money handled in the transaction. It’s great to know that someone backs you up when you’re on the real estate battlefield.
What does a real estate agent do for a buyer?
A real estate agent is a real rock for many buyers. Most people simply assume that they search for primary lists and parade clients to see houses, but their work is much more. An agent becomes the buyer’s advocate during the whole process of buying a house.
Agents take the time to get to know their buyer, discovering their needs and desires, as well as motivating them when the time comes to make a decision. They provide guidance and follow-up throughout the closing process, especially during sensitive and stressful times, such as sending an offer or waiting to hear the results of the inspection. The buyer’s agent is present all the time until closing and works to protect all buyer’s rights. Most buyers feel lost without the star services provided by their agent. Cecil D. Frank is a real estate agent with experience working in the Toronto real estate market, and you can consult with Cecil Darren Frank on your next deal.