Mastering the Market: How a Buyer’s Agent Gives You the Edge

by | Jul 8, 2024 | Blog, Buying a Home, First Time Buyer tips, Real Estate, Working with Real Estate Agents | 0 comments

Purchasing a home is one of the most significant investments you’ll ever make. The process is intricate and woven with potential pitfalls. Even for the most seasoned homebuyer, the home search and due diligence process may unearth special considerations and strategies. That’s where advocacy from a buyer’s agent makes an outsized impact.

Navigating the Complex Process: The home-buying process involves numerous steps, from securing financing to closing the deal. A buyer’s agent manages these details, ensuring nothing falls through the cracks. They coordinate inspections, appraisals, and paperwork, making the process smoother and less stressful. And, they often have solutions to overcome any worries or challenges.

“We had a buyer who wanted to buy a place, but she was a little uncertain of her employment because her company had been doing rounds of layoffs. We found her a lender that offered loss-of-job insurance. She did, in fact, lose her job due to no fault of her own only seven months after purchasing her home. This insurance kicked in and paid her mortgage for a period of time.” – Kreider | Holvick, RMCC

Expert Negotiation Skills: A buyer’s agent brings seasoned negotiation skills to the table. They understand market trends, know the value of properties, and can negotiate effectively on your behalf. This ensures you get the best deal possible without overpaying or missing out on hidden opportunities.

“I had a buyer looking at a property being sold as-is. During the inspections, we were told the roof was in bad shape and would need to be replaced soon. I worked with the seller’s agent to discuss options, including filing a claim to see if any of the roof might be covered through their insurance. The seller’s insurance ended up replacing the entire roof, as they concluded most of the damage was from a hail storm. Easy ask and one less thing my buyer will need to worry about and pay for!” – Shelby Schulz, RMCC

Avoiding Costly Mistakes: With their deep knowledge of the real estate market, buyer’s agents help you avoid common mistakes that can cost both time and money. They can identify red flags in properties and contracts that might go unnoticed to an untrained eye. 

“We end up protecting our buyers all the time without even thinking about it. Some examples include knowing areas of town that are more susceptible to expansive soils, understanding details about HOAs that you may want to avoid, being able to spot and directly address questions about structural integrity, and looking for good or bad grading, knowing that it could cause issues down the road.” – Craig Ricketts, Team Ricketts, RMCC

Access to a Larger Network: Buyer’s agents have access not only to a broad range of properties, including information on homes coming onto the market in the future, they also have a good list of reliable vendors and access to contacts (and solutions), informed by years of trust and a track record of integrity.

“While I was helping a buyer purchase a duplex in Wash Park, the inspection process found an unstable and blocked sewer line. My buyer was ready to walk away from his dream home, as he felt the repairs would be too much. I didn’t want to let this happen, so I contacted multiple plumbers for quotes to have the line repaired. After my due diligence, I was able to present factual information to the seller, including bids from these companies. Because of my connections with multiple plumbers and willingness to advocate for my buyer in a difficult situation, paired with direct communication with the listing agent, my buyer was able to get a credit from the seller for the full price of replacing the sewer line.” – Amanda Maxwell, RMCC

Simply put, a buyer’s agent is your advocate, ensuring you make informed decisions and secure the best possible outcome in your home purchase. Don’t leave your most significant investment to chance—partner with a buyer’s agent, a steadfast confidante and guide, and navigate the home-buying process with confidence.

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