A Real Estate Buyer Should Hire their own Buyer's Agent
Tom Scaglione, ePRO, SFR, REALTOR?
The Real Estate Matchmaker Serving Tampa Bay Area Since 1987
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Buying a home can be a complex and stressful process, especially for first-time buyers. Hiring a buyer's agent can help to ease the stress and ensure that you get the best possible deal on your new home.
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Here are just a few of the reasons why you should hire a buyer's agent:
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1. Expert Advice: A buyer's agent is a real estate professional who has the experience and knowledge to guide you through the home buying process. They can help you to understand the market, find the right home for your needs, and negotiate a fair price.
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2. Dedicated Advocate: A buyer's agent works solely for you and your best interests. They will be your advocate throughout the entire process, from the initial search to the closing table.
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3. Market Knowledge: A buyer's agent has access to the Multiple Listing Service (MLS), which contains listings of all the homes for sale in your area. They can also help you to understand the current market conditions and trends.
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4. Negotiation Skills: A buyer's agent is a skilled negotiator who can help you to get the best possible price on your new home. They will also be able to negotiate other terms of the sale, such as closing costs and repairs.
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5. Time Savings: A buyer's agent can save you a lot of time by taking care of the paperwork and coordinating the various steps involved in the buying process.
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6. Stress Relief: Buying a home can be a stressful process. A buyer's agent can help to reduce your stress by handling the details and keeping you informed throughout the process.
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In addition to the reasons listed above, there are a few other things to consider when deciding whether to hire a buyer's agent:
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1. Experience: It is important to find a buyer's agent who is experienced and knowledgeable in your area. Ask for recommendations from friends, family, or your lender.
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2. Communication style: It is important to find a buyer's agent with whom you feel comfortable communicating. You should be able to ask questions and get answers in a timely manner.
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3. Cost to Buyer: Buyer's agents typically charge a commission, which is usually a percentage of the purchase price of the home. However, the commission is typically paid by the seller, but if there is no co-broker Commission Fee offered by the Selling Brokerage, then the Buyer will need to sign a Buyer’s Brokerage Agreement.
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4. Commission Fee from Buyer: The Buyer Agent’s fee is Negotiable. Upon signing a Buyer Brokerage Agreement, the Fee will be stated in the agreement as well as the description governing the terms and property type the Buyer wants to purchase. The Buyer can ask the Seller Reimburse the Buyer’s Fee at the closing from the Seller to the Buyer.
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5. In addition, the Buyer’s Broker will adjust the Buyer’s Agreed Upon Fee by any amount of funds that is offered by the Seller’s Brokerage to the Buyer’s Brokerage and paid to the Buyer’s Brokerage, at the closing.
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Overall, hiring a buyer's agent can be a wise investment when purchasing a home. The benefits of having an experienced professional working for you can far outweigh the cost.
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The Real Estate Matchmaker!
Tom Scaglione, ePRO, SFR, Realtor
Future Home Realty, Inc.
Direct: (813) 310-8200
Since 1987.