Having the right people in your corner is important in most industries, but perhaps none more so than real estate. As a buyer, having an experienced professional representing your interests can be the difference between submitting a winning offer and losing out on a property.
That being said, there are several options available to you if you decide to buy a house.
If you don’t have a buying agent, simply call up the listing agent (via the number on the sign), view the property you’re interested in, and (if you like it) write up an offer with your lawyer of choice.
The disadvantage of this approach is that you’re going into a potential bidding war unrepresented. Because the listing realtor is required to act in the sole interest of the property owner, they’re unable to provide you with any advice whatsoever (feel free to ask them any informational questions you want though).
While an experienced real estate lawyer will be able to answer any questions you might have about the legal process and the transition of property, there’s no replacing a realtor when it comes to knowledge about your local real estate market, the buying process, and how to avoid common pitfalls in the process.
Not a cent.
Some people have the misconception that by going into a buying situation unrepresented they’ll be saving money, but that’s not true.
Because the buying agent’s commission comes from the listing agent and not from you, there’s no savings to be had by going in unrepresented.
A Buying Agent has only one objective: to get you the perfect house on the best terms possible! Because the job of a Buyer’s Agent is to work solely for your interests, they’ll be writing the offer solely for your benefit, and negotiating terms that meet your needs.
Buying a home unrepresented is often more stressful than people anticipate, as buyers tend to forget that the listing agent is required to act in the sole interest of their client, and any information they share is something that could negatively affect their position during negotiations.
By having a buying agent you’ll be free to discuss everything about your situation and have them be the point of contact during negotiations, ensuring the details of your situation remain confidential and your negotiating position remains strong.
Not all buying agents are the same. Many individual agents represent both buyers and sellers, and are too busy to provide high level service in every area. Our team structure allows us to simplify the process for you by providing specialized agents with the time and resources they need to provide a world class service for our clients.
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