4 reasons a good buyer’s agent is still key to finding a great home
By Birthright Title
It’s shaping up to be an interesting summer and fall in real estate, and we’re hoping for all the good vibes. Mortgage rates are declining, and an interest rate cut by the Federal Reserve may finally be on the horizon. While this is all good news for potential buyers and sellers—and our fellow real estate professionals—we wanted to use this next blog to discuss the importance of one of our industry friends in particular: the buyer’s agent.
Why? Because the changes brought on by the National Association of REALTORS commission lawsuits officially took effect on Aug. 17. While it’s yet to be seen what the overall impact of these changes will ultimately be, it does mean that there has been and will continue to be, much conversations about the value these professionals bring.
Let’s cut through the noise with this simple message. Working with the right buyer’s agent still matters, and there are plenty of great professionals filling this role across Middle Tennessee. So, what’s a buyer’s agent? We’re glad you asked!
The role of a buyer’s agent
A buyer’s agent is a Realtor who is committed to representing a homebuyer’s best interests throughout the purchasing process. Unlike listing agents, who represent the seller, buyer’s agents work exclusively for the buyer, ensuring that every step taken is in their client’s favor. Finding your dream home and then the subsequent transaction can get complex because it can involve numerous steps, legalities and paperwork.
The bottom line is that a skilled buyer’s agent will guide you through the entire process, from identifying suitable properties to closing the deal, making what might seem daunting feel manageable and straightforward. Here are a few reasons why having one of these professionals in your corner matters.
They can make your home search easier. A buyer’s agent can streamline your home search by identifying properties that meet your specific criteria and arranging viewings. They understand the local market dynamics and can offer valuable insights into various neighborhoods, helping you make informed decisions about your investment.
They can be your expert negotiator. Bargaining the purchase price and terms of a home sale requires a deep understanding of the market and excellent negotiation skills. A buyer’s agent can excel for you and help you get the best deal possible. They can identify overpriced listings, recommend competitive offers and leverage their market insights to your advantage.
They can introduce you to other needed real estate professionals. Buyer’s agents have a wide network of real estate professionals, including mortgage brokers, home inspectors and title companies. They can recommend reliable service providers, saving you time and effort. (Hopefully, yours guides you to closing with Birthright Title; if not, you can always tell them that you choose us for your title work.)
They handle the communication needed for a sale. Sometimes, buying a home can get stressful, and your agent can turn into a friend and counselor by being a buffer between you and the seller. This perk is not known to only some house hunters, but your buyer’s agent should handle all communications and negotiations, ensuring emotions don’t sidetrack the transaction. Their support can be invaluable, especially if unexpected issues arise during the process.
No matter what you’ve heard, a good buyer’s agent is still very worth it in today’s market. Need a recommendation for one? Let us know and we can connect you with a few. All of us are on the same team when it comes to helping you find your home sweet home.
