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When it comes to buying real estate, it never hurts to get as much help as possible. Navigating the complex waters of today's real estate market can be daunting; with so much information being thrown at you, it's easy to become overwhelmed. That sense of being in over your head can lead you to make poor decisions, or to rush into a situation that you haven't properly considered. With a buyer's agent by your side, though, all of that information gets funneled through and processed by someone who has only your best interests at heart - and you generally won't have to pay a dime for it.
There are definite limitations to the ways in which a seller's agent can assist you when buying a home. Many times, brokers and other professionals have commissions in mind that can cloud their judgment and cost you extra money. A buyer's agent, on the other hand, works to get you the best of everything, from the right home to the most reasonable mortgage.
Explain forms and agreements
Monitor closings and escrows
Give reasons why you shouldn't buy a particular property
Protect your best interests
Give you access to the whole market - including listed and unlisted properties, along with homes that are for sale by owner
Help you out with financing
Help you negotiate the best possible price and advises you on how to frame your offer in the most strategic way
Give you accurate, clear and concise information at all times
In addition to all of the benefits highlighted above, a buyer's agent can walk you through the entire home buying process, making it less confusing and stressful. That way, you can easily avoid making the mistakes that many home buyers make on a regular basis. In the end, you will save enormous amounts of money - and avoid a whole lot of frustration. Most of the time, the buyer's agent's fee is paid by the seller, meaning that you have little or no out-of-pocket expense. All around, using a buyer's agent is a win-win situation for anyone who is looking for a new home.
Contact us for more information about first time home purchasing.