Home Buyers How to Work With Your Buyer's Agent
Working With Your Buyer's Agent to Find Your Dream Home
Hello HomeHunters! Now that you are ready to start your home hunt, you need to prepare yourself for what can be a complex process. But, do not worry! Our HomeHunt agents do their very best to ensure that this process is as stress-free as possible. Having a buyer's agent on your side can really make a difference, especially when it comes to the many challenges involved in buying a home.
What is a Buyer’s Agent?
A buyer’s agent is a Realtor® that helps home buyers navigate the housing market. They offer benefits ranging from saving you money to helping you find a property that meets all your needs.
5 Benefits of Working With a Buyer’s Agent:
- Spotting potential issues that could cause serious concerns down the road
- Helping you overcome setbacks found in home inspector’s reports or appraisals
- Finding the right property and providing real estate comps for informed purchasing
- Negotiating offers and filling out all the paperwork
- Providing a trusted network of recommended professionals from lenders to movers
A buyer’s agent can offer the comprehensive support and guidance you need to purchase your home. Like any relationship, there are always things you can do on your end to create a successful outcome. Here are some tips on how to work successfully with your buyer’s agent:
Find the Right Buyer's Agent
There are a lot of buyer's agents out there, not to mention agents that specialize in specific neighborhoods and demographics. Since many agents have special niches, finding the right one that is aligned with your property goals can help you experience better results. Take the time to research and find a buyer's agent that specializes in what you are looking for. Once you have narrowed it down to a few that you like, take the time to interview them. Ask them questions about their portfolios, negotiation skills, and anything else relevant. It is best to work with someone you feel comfortable with and offer the support you need.
Provide Clear Guidance About Your Property Needs
Clear communication is key for making sure you are on the same page with your buyer’s agent. It is important to express your needs and expectations when it comes to your future home. We value efficiency here at HomeHunt. Before you start working with your buyer’s agent, the best thing you can do is determine what you want from your new home. Some buyers know exactly what they want, and some are all over the place with their interests. Either way, a buyer’s agent will work with you to find the house of your dreams. Take the time to calculate what you can afford in terms of a mortgage and down payment. Narrowing down these goals can better help your agent find properties that are ideal matches. This will help you save time and improve the home hunting process.
Communication is Key
It is also a good idea to let your buyer’s agent know how you like to operate. If you prefer texting, emailing, or in-person meetings, it is important to tell them your preferred form of communication. This allows them to effectively contact you about new houses on the market or actions that need to be taken.
Ask Questions and Use Your Buyer’s Agent as a Resource
Our job is to help you! Ask questions or reach out to us if you are confused. Chances are that you will have a lot of questions, especially if you are a first-time homebuyer. Buying a house is a serious endeavor, so it is important to be well informed before making any decisions. You will need to have a solid understanding of the entire process, from signing a contract with your agent to closing. Working with an experienced, reliable agent will provide you with the ultimate resource during your home hunt.
Practice Open House Etiquette When Working with Your Agent
Yes, there is proper homebuying etiquette. There are some instances where open houses are meant for realtors only, also known as a “broker’s open.” However, publicly advertised open houses are meant for potential buyers. Talk to your agent beforehand since some may want to accompany you to an open house. If your agent does not need to go with you, ask them for some of their business cards to keep on hand. That way, if you visit an open house without your buyer’s agent, you can hand the listing agent your agent’s card. This ensures that the listing agent will follow up with your agent. When visiting an open house, make sure to keep your buyer's agent in the loop so they can do some research. Always utilize your agent as a resource so you can make the most informed decisions.
Understand the Commission Structure
One of the main concerns individuals have with working with an agent is the fees. However, the cost is generally the seller’s responsibility. All real estate agents receive a commission or a percentage of the house sale. The commission typically goes to the listing agent on the seller’s side and is split between them and your buyer’s agent. Some agents require a flat rate for certain projects, like rental properties. While the commission structure is standard, speak to your buyer’s agent before you start working together so you know what commission is expected.
Our Trusted Buyer’s Agents are Ready to Work with You
Working with the right buyer’s agent can provide all the necessary benefits for a stress-free homebuying process. Our highly experienced HomeHunt agents are here to provide the support and guidance you need to find the perfect home.