A buyer’s broker (also referred to as buyer’s agent) is a real estate agent that represents the buyer. Often people think it is only necessary to use an agent if you are trying to sell your home but there are many benefits on the buying side as well. We’ll break it down for you.
In a strong real estate market there are many buyers competing for homes. This has been especially true in Bozeman over the past several years. A buyer’s broker will always be working to find the right property for you. They will likely know about it first, sometimes before it even hits the market. If you are relying on internet home searches and Craigslist you will be behind in the game and offers may be put on your dream home before you’ve even been able to get in the door for a look.
There is a lot of paperwork in the world of real estate. Until you’ve been through a transaction, you may not realize how many documents you’ll end up signing just to put an offer in. It makes a big difference to have a professional to walk you through this process. Once an offer is submitted, it’s far from the end. There can be counter-offers, inspections, and contingencies, all things that your agent will go over with you to make sure decisions are being made in your best interest. If you have a set-back because of any of these things, you have someone on your side advocating for you.
During the process of buying a home buyer often need a mortgage broker, home inspector, movers, etc. You can always Google search these things, but it sure is nice to have a personal recommendation to get the best, most reliable service. Most real estate agents have been in the business long enough to be able to give you a name and number of other professionals they trust.
We live in a fast-paced world where time is precious. You don’t want to waste your time searching through hundreds of homes on Zillow and Trulia. With a buyer’s agent you can have a meeting, tell them everything you are looking for in a home and your price range and have them do the rest. They will do the searching for you, set up the appointments and get the inside information on what might be going on with a particular home. This can save you a ton of time and most likely get into your home faster.
That’s right, having a buyer’s broker won’t cost you anything. The seller pays the commission for both the seller’s and buyer’s agent. This means you get all the benefits of having a professional working for you with no cost. A win-win!
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