Why Do I Need A Buyer’s Agent?

P: Chicago Agent Magazine

P: Chicago Agent Magazine

You’ve been searching for homes online for months, browsing through hundreds of photos, reading about features and amenities, and narrowing down your favorites. So why do you need a buyer’s agent? An agent is no longer the keeper of the listings, but rather your guide through the home buying process, master negotiator, and voice of reason. While you may be able Google anything you’d like to know about buying a home, there is no substitute for the experience and knowledge that a licensed agent offers.

Here’s a shocker – not all of the info you find on the Internet is true or accurate! Especially when it comes to home estimates, the most popular being real estate site Zillow’s Zestimates. A recent LA Times article stated that “nationwide Zestimates have a “median error rate” of about 8%.” An experienced agent will know the local real estate market and will be able to determine the market value of a home for you.

Just as you can’t believe everything you read, don’t believe everything you see. Online listing photos are taken in a way to paint the property in the best light, which is why it’s beneficial to go and look at homes with a buyer’s agent who has your best interest in mind. When you tour a home with your agent, he/she can point out features that are upgrades or are not common in the price range. Your agent can also compare the house you are viewing to homes that he/she has personally toured or sold in the area. You will gain insight into how one house compares to other houses in the same price range and neighborhood or county.

Do you know how much paperwork is involved in the purchase of a property? A lot. Luckily your buyer’s agent will handle it all for you – he/she will write up an offer to include all the necessary contingencies and will deal with the seller’s agent directly so you don’t have to.

P: iStock

P: iStock

Once an offer is accepted, your agent will keep you on track to make sure you hit all necessary deadlines. If there are any issues found in the inspection, your agent will advise you on what requests are reasonable and will negotiate the problems with the seller. In addition, if any problems arise with the appraisal or financing, your agent will be able to give objective, professional advice to resolve issues and move the transaction to closing.

Buying a home is a major life event and is most likely the biggest financial transaction you will ever have to navigate. Having a buyer’s agent to guide you through the process will not only save you time, but will give you much needed piece of mind. And with the seller paying the agents’ commissions, what’s there to lose on your end?

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