Agents who represent buyers: what do they do?

Buyers’ agents represent the agentgrouprealty.com interests of buyers in real estate transactions. An agent representing the seller of a property plays a different role.

Photo by John Schnobrich on Unsplash

Both buyers and sellers are represented by most residential real estate agents. When someone wants to sell and buy a home at the same time, they often hire one agent to act both as the seller’s agent and the buyer’s agent.

When making an offer on a home, some buyers think it’s easier to work with the listing agent instead of hiring a buyer’s agent. When it comes to negotiating a purchase price, home buyers and sellers have inherent differences. Dual agency, which is illegal in some states and at the very least creates a conflict of interest, is an example of dual agency. The agent you choose should be firmly on your side as the buyer.

An agent’s role in the buying process

From house hunting to closing, a buyer’s agent helps you with the homebuying process. The following are some of the qualities of a good buyer’s agent:

Real estate listings can be found here.You can work with a buyer’s agent to determine what type of home you can afford in the current market, find listings that meet your needs and price range, and then narrow down the options to the properties that are worth considering. You can also ask a buyer’s agent for additional information about any listings you find. An agent who has access to the Multiple Listing Service has access to more information than an individual using a real estate website or app.

If you’re not a local, a buyer’s agent can provide you with information about schools, neighbourhoods, and more. Regardless of where you live, they might be able to answer your questions about zoning and taxes.

Tours should be set up.Seeing a property in person is nothing like scrolling through listing photos. In the case of a for sale by owner home, your agent will arrange showings with the owner or listing agent. Additionally, they will share any information they learned about the sellers or the property.

We can assist you in making offers.Based on an analysis of the market and the property you’re interested in, your agent will advise you on how much to offer and what contingencies to include in the contract. In addition to explaining the contract terms and answering your questions, a good agent will guide you through every step.

The seller should be negotiated with.You will be informed of the seller’s response and advised on what to do next, such as accepting the counteroffer or negotiating price and terms.

Other professionals can be referred to you.In addition to buyer’s agents, you may also be referred to real estate attorneys and movers by your buyer’s agent. Only the home inspector should be found on your own, because you want to make sure the inspector will be completely impartial.

Last but not least, a good buyer’s agent can help you weather the highs and lows of the homebuying process. Buying a home is both a big financial transaction and an emotional one. Lean on your agent if you feel overwhelmed or exhausted. Your agent should be able to keep calm if there are problems with the sellers or negotiations become frustrating.