Some people wonder if they should use a real estate agent in the process of buying a new home. Since the listing agent represents the home seller it is in your best interest to find a professional and knowledgeable buyer’s agent who will represent you in the transaction and work to get you the best deal possible.
The agent at an open house or the one you speak to when you see a listing you’re interested in is the seller’s agent. Seller’s agents are legally obligated to represent the seller’s best interests. This includes the right to share any information you (the buyer) give them to their seller. For example, if you tell the seller’s agent that you are pre-qualified for a mortgage of $350,000, they can give the seller this information. Also, they are not allowed to disclose information to you that could hinder the seller’s negotiating position. Your buyer’s agent would be able to share with you any information they discover about the seller’s situation.
Your buyer’s agent will help guide you through the home buying process in every way. They will handle all the paperwork involved, which can save you a lot of time. In addition, buyer’s agents are very knowledgeable about different neighborhoods and markets. They will be able to help you find exactly what you are looking for without you having to do excessive research on your own.
When it comes time for you to make an offer on a home, your buyer’s agent will offer advice and help you negotiate a fair price. They will also help you with the closing process and make sure everything is taken care of up until the point that you receive the keys to your new home.
Learn more about the Cooper Advantage Group's buyer's guide by downloading our guide below.
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