What is the Agent Value in a Real Estate Transaction?
Many clients will question the need to use a real estate agent in their transaction, and for a portion of the deal it may be right. The value of an agent is demonstrated most when the deal takes an unexpected turn. Anyone can search for homes online and drop in on open houses to see them. Even a contract can be prepared by the buyer’s lawyer, but the lawyer would not be capable of determining the value of the home. They would not know if the buyer was getting a good deal or even paying a fair amount. A lawyer’s job is to make sure the transaction has no legal complications.
A buyer needs to have their own advocate, their own agent who’s there to make sure they buy properly and fairly. The seller already has an agent that is there to make sure they get the most amount of money for their home, which is contrary to what the buyer is looking to achieve.
Another area where a buyer’s agent can help he buyer is with the inspection. Most clients ask for a home inspection of their potential new house. As your agent, I would also provide tips on how to gain the most out of the inspections.
Of course, first be sure you use an experienced and reputable home inspector that is licensed in the state. Once the inspection is completed, we can review the results to understand the current condition of the property and how that may influence your decision to carry forward with the purchase. For example, you may discover that you’ll need to replace or repair major systems and components that were not visible at the time of first seeing the property and were only disclosed with the assistance of the inspector. If the seller acknowledges these hidden problems, and a mutually agreeable concession is achieved, then the purchase can go forward.
This is the added value a good agent can bring to your home buying process. Reading and signing a Buyer’s Agreement ensures the buyer gets proper representation, an advocate for them and a source of information to make the buyer’s experience a good one.
There are so many things to consider when you shop for your new home. I’d be happy to share my expertise to ensure that this experience will be rewarding and hassle free.
What is the Agent Value in a Real Estate Transaction
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