Why use a Buyer's Broker?
When buying real estate, having a real estate professional on YOUR side is a very smart move. For more information regarding this, here are the Top 5 Benefits of having a Buyers Broker represent you in the purchase of your next home:
1. Full Representation
A Buyers Broker owes 100% of their dedication and loyalty to you, the home buyer. They do not have a reason or motivation to “sell” one house over another, and can thoroughly put YOUR interests above any sellers’ wants or needs.
2. No Loyalty to Home Sellers or Listing Agents
Because of the 100% loyalty to you, their Buyer Client, a Buyers Broker does not need to look out for the best interests of the Seller, whatsoever. Their job is to get YOU – the Home Buyer, into the best home for the least amount of money and hassle possible. The Sellers’ and the Listing Agents’ wants and needs have nothing to do with the level of service provided by a Buyers Broker to you, their Buyer Client.
If you were interested in a home, as an unrepresented buyer (with no Buyers Broker) that is listed by another agent, the only duty that the listing agent has is to not lie to you. That is it. They owe nothing else to you. They are not on your side. When you arm yourself with a Buyers Broker, you will have someone working hard for YOU at every point in the home buying process.
3. Great Knowledge of the Market
A Buyers Broker knows “what is out there” better than anyone else. They spend much of their time looking at houses (both online and in person) and fully understand what is available and where all the good deals are. They are the ones setting appointments and viewing hundreds of homes every month. In many cases, a Buyers Broker has already seen a home that you may be interested in, and can share with you many details before you even go inside!
4. Access to ALL Available Properties
A Buyers Broker can show you ANY property that is available – regardless of the sign in the yard. They have access to every home that is for sale, the minute it becomes available, and have no loyalty to one listing agent or company over another. Also, in many cases they can effectively represent their buyer clients in the purchase of a home from an unrepresented seller (FSBO). A Professional Buyers Broker will leave no stone unturned when finding the perfect home for you, their Buyer Client.
5. Effective Negotiating Skills and Contract Knowledge
A Buyers Broker is an effective negotiator, as one main part of their job is to write solid offers that get you, their Buyer Client in the best possible situation. They negotiate and write contracts for a living and know all the tips and tricks to use and avoid when dealing with different listing agents and sellers. A Buyers Broker thoroughly understands all the details of a Buy-Sell Contract, and is able to explain and walk through the entire contract, disclosures and any counter offers to you, their Buyer Client, in a way that actually makes sense. They will maintain the contract and all necessary dates, making sure that it all works out in YOUR BEST INTEREST. Furthermore, a Buyers Broker can help you find competent lenders, home inspectors, landscapers and anyone else that you, a future homeowner, may need, once you find a home that you want to buy.
In most cases, representation by a professional Buyers Broker will cost you nothing – It’s FREE! The compensation that a Buyers Broker receives is built into the selling costs paid by the Seller at the time of closing.