Buying a home is a thrilling experience. When making such a significant decision, the value of having someone representing your interests can’t be understated. That’s why it’s advisable to hire buyers agents to help you find the perfect property.
Here’s what you need to know about working with a buyers’ agent and how to find the right one.
What Is a Buyers’ Agent?
A buyers’ agent is a real estate agent that represents the buyer rather than the seller. When you purchase a home, the agent listed on the property ultimately represents the best interests of the seller. Their primary goal is to make a sale.
Buyers’ agents, on the other hand, help you find the right home for your needs. In return, they split the commission of the sale with the seller’s agent. In most cases, working with a buyers’ agent comes at no additional cost to the buyer, making this a low-risk and high-reward opportunity.
Read Reviews and Recommendations
The first thing to do when looking for a buyers’ agent to represent your interests is to read reviews and recommendations. Ask your local community who they’ve worked with and if they have any suggestions. You can also read reviews on a popular real estate agent reviews site to gather information from a broader audience.
When looking at reviews and recommendations, be mindful of who’s making them. Look at the reviews as a collective and eliminate any outliers that could be biased.
Look for Local Experience
One of the most important things to keep in mind when searching for a buyers’ agent is local expertise. While years of experience are valuable, local knowledge is even more so. buyers’ agents who have lived and worked in the area for a long time will have better insights into the nuances of various properties and developments.
If you’re moving to or within a large city, look for a buyers’ agent with experience in the neighborhoods you’re interested in. While both Civano and Blenman Elm are wonderful neighborhoods in Tucson, they offer very different surroundings and community values. Having a buyers’ agent with an in-depth knowledge of specific regions can help prevent buyer’s remorse down the road.
Look for an Unbiased Agent
When looking for a buyers’ agent, try to find someone from a different agency than those listing the homes you’re looking at. Ideally, you’ll find a buyers’ agent who exclusively works with buyers.
Keep in mind that there are numerous agents who act as both buyers’ and seller’s agents. If you work with someone who offers both services, ensure that they have the integrity to create professional separation — if they’re only showing their own listings, there’s a problem.
Ask the Right Questions
When you meet with potential agents, be sure to ask the right questions. Clarify whether they act solely as a buyers’ agent or if they take listings as well. Additionally, it’s important to ask about how they receive compensation, and if there are any fees you should know about.
Ask questions about their experience in the area, and with buyers who have similar interests when searching for a home. When you start working with someone, don’t hesitate to ask why they’ve chosen to show you certain properties.
Read the Fine Print
In addition to understanding any hidden fees, remember to read the fine print of any agreement you sign. Ensure there are no exclusivity clauses that prevent you from finding another agent if things don’t work out, or that binding agreements are short-term.
Consider Availability
Finally, consider the availability of your agent. The person you work with should be quick to respond and feel accessible to you. Additionally, they should be able to work around your scheduling needs (within reason).
Using these tips can help you find an agent to support you as you search for a new home.
