Why Use a Buyer’s Agent In a Buyer’s Market

Southwest Florida communities are right now experiencing a buyer’s market. This means that there is an excess inventory of homes available to buy.

Regardless, buyers must still act smartly to achieve getting the best price and terms.

Buyers, be aware that all real estate agents are not the same.

Think about this.

All attorneys are not the same! Would you want the prosecuting attorney to defend you as well, instead of hiring a separate attorney who specializes in defending clients?

All real estate agents are not the same! So, why would you want the seller’s listing agent to help you buy the seller’s house?

All physicians are not the same! Would you hire a general practitioner to cure a heart issue instead of hiring ?a heart specialist?

All real estate agents are not the same! So, why would you hire a real estate agent whose primary business focus is on listing houses for sellers instead of a working with a specialized Buyer’s Agent to represent you as a homebuyer?

In real estate transactions, there are 3 prices. A price the seller wants, a price the buyer is willing to pay, and an actual property market value price.

These numbers are not always in alignment, and ways need to be found to bridge the gap without the buyer losing out on the purchase opportunity.

It’s not uncommon when searching for a home that the listed price for the property is quoted well above its actual market value, particularly so in a competitive market.

A Buyer’s Agent specializes in representing buyers (vs. sellers) throughout the entire home buying process from search to final closing.

Therefore, it’s comforting for the buyer to rely upon a trusted, specialized Buyer’s Agent who is informed and savvy about the local real estate market, and skilled to negotiate for what’s in your best interest (not the seller’s).

If you’re a looking to buy a home in a buyer’s market, there are obstacles and challenges you’ll encounter, which more likely can be best overcome by working with an experienced Buyer’s Agent who specializes in representing homebuyers exclusively.

A specialized Buyer’s Agent is better positioned and more experienced than buyers (and most unspecialized real estate agents as well) to find your desired ideal home faster, and to negotiate a lower price with the best possible terms in a buyer's market.

They are acutely aware of the current market values and what comparable properties are selling for in a buyer’s particular locations of interest.

By thoroughly doing research and comparing listings, they are prepared to help make informed purchase offers that maximize your buying advantage in a buyer’s market.?

Here are some of the obstacles you can experience in the current Southwest Florida buyer’s market.

1. Although there is an excess inventory selection, there is still buyer competition to buy properties that meet your specific buying criteria. Working with a specialized Buyer’s Agent can narrow down the excess inventory selection and shorten the search process for finding a desired property.

2. There is buyer price bidding for lowering prices and seeking better terms. Bid too low, you could lose the purchase. Bid too high, you could overpay the purchase price.

The Buyer’s Agent with knowledge of the local ?market and skillful negotiating experience can help make an offer that’s fair and acceptable with the best terms.

3. There are unexpected delays and challenges in the buying process.

The buying process can be complex, and there may be delays and obstacles along the way, such as issues with financing, inspections, settling, etc.

These delays can be frustrating for homebuyers, especially if they have already invested time and money into the buying process.

A Buyer’s Agent can help overcome the delays and challenges, and save the buyer time and money.

4. There are hidden costs and fees.

Buyers may be surprised by the additional costs and fees associated with purchasing a property, such as settling costs, property taxes, and home insurance.

These costs can add up quickly and may not be fully understood by the buyer. A Buyers Agent can explain and make the buyer aware upfront.

5. The property’s condition can be problematic.

After closing on a property, buyers may discover issues with the property that were not disclosed during the buying process.

This can be frustrating, as it can result in unexpected expenses and repairs. Here again the Buyer’s Agent can help avoid the unexpected.

As a specialized Buyer’s Agent Realtor?, I help Southwest Florida homebuyers find and buy their desired home for the best price and terms. To see fantastic homes available to buy, go to my website SandyWilderRealtor.com

Then, call/text me, Sandy Wilder, at 239-850-1650 or email me at [email protected] to learn more.

?Or, sign up to schedule a FREE, no obligation consultation/strategy session either in person, by phone or remotely.

Remember, all real estate agents are not the same!

Best regards, Sandy

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