FAQ : Why Do I Need A Buyer's Agent?

By
Managing Real Estate Broker with Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com Designated Broker DB29503

Question: Why do I need a Buyer's Agent?

 

Answer: As your Buyer's Agent we are your advocate and we work in YOUR best interest. The person who is listing the home is representing the seller's best interest. The person at an Open House is also representing the seller's best interest. The person at the Model Home for the new construction homes is representing the builder's best interest. We, on the other hand, are working for you so that you have your own personal representation in a situation where the other party also has their own representation.  

Take a look at how Agency (representation) works here in Idaho.

 

 

Why do I need a Buyer's Agent?


Whether you are a first time home buyer or you have done it many times before, it is essential that you have an experienced agent on your side helping you and representing your best interests throughout the process. The seller's agents represent the seller's interests; they are contractually obligated to work in the best interest and to get the best price for the seller. A buyer's agent represents you and will work in your best interest, help you find your dream home and negotiate to get you the best home for the best terms possible. We have system that helps you be in control (with our help) of finding homes you would like to look at in person.  We are available to show you the homes, answer questions and gather additional information as you have interest. We will also help you structure your deal to save money and guide you through the paperwork and the entire home buying process including all of the time deadlines and contingency periods.

 

Wouldn’t it be best to get several agents all looking for a house for me?  I would be more likely to find what I want and more quickly, right?

 

While this may seem like a good idea on the surface, the answer is no.  As agents we all have access to the same listed MLS properties.  The difference from one agent to another is their skill, availability, experience and work ethic.  Working with multiple agents only gives you several people doing what is minimally necessary to maintain a relationship with you.  If an agent has no guarantee you are committed to them, they will prioritize and the majority of their time and energy will go to the clients who are.  In fact, if you are only a customer of the agent(s) (See Idaho Agency Here) the agent is contractually obligated to work for their clients above and beyond their customers and so you may be put at the bottom of the priority list when it comes to letting you know about new homes on the market, showing them to you and more.  In a hot market this may actually cause you to miss out on properties rather than give you an advantage. You will benefit most by signing a Buyer’s Representation Agreement with one agent.  This ensures you have a trusted agent committed to finding you, their client, your perfect home and representing your best interests in the process!

 

If I’m interested in a home for sale by owner, do I still need a Buyer’s Agent?


Yes. Having an agent represent your interests is just as important in purchasing an unlisted property as in a more typical transaction. Many For Sale By Owner sellers welcome Buyer's agents and are willing to pay their commissions in order to make the complex transaction easier. Often FSBO sellers know that most buyers are working with an agent and even expect a buyer to have their own representation.  But even if they don't, we have navigated this situation with great success and have helped many of our buyers purchase for sale by owner properties over the years. 

 

 

What about new homes, new subdivisions and/or a custom build?  

 

Yes, we represent buyers in new construction as well.  We have a good relationship with builders in the Treasure Valley and have sold many new construction spec and custom built homes over the years representing the buyers. Remember, the model home or site salesperson represents the builder, so a Buyer should have representation of their own.

Generally, we will be there to show you homes you are interested in, including new construction homes.  Some builders will allow you to view the properties without your agent but you will want to let them know you are working with an agent and you just need to let them know who that is.  We would prefer to be there with you though, even if the homes are open and available to you.  This helps us discuss with you your likes and dislikes, pros and cons and allows us to further move forward in the process with you. So don't hesitate to ask us to show you those homes or join you if you plan to go look at them.  This goes the same for vacant land as well if you are looking for a lot to build on. It's part of our job to be there for you and with you throughout the process. 

 

If you would like to meet to discuss how our team can represent you in a real estate transaction in the Treasure Valley area please feel free to contact us. 

 

John Boles 208-830-6185 (call/text)

johnboles@boiserealtystore.com

BoiseMeridianRealEstate.com

 

 Serving all of Ada & Canyon Counties and

portions of Gem, Owyhee & East Boise Counties

 

Jon Gosche Real Estate, LLC

Boise, Idaho Real Estate

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Roy Kelley 07/23/2017 01:00 AM
Topic:
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Rainmaker
2,344,499
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Excellent blog and one that people ask all the town whether it is someone that is going to a new builder or a FSBO!

Jun 06, 2017 08:20 AM #1
Rainmaker
1,352,567
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Kasey and John - this makes the case for buyer's agent.  Buyers need their own representation.

Jun 06, 2017 09:24 AM #2
Rainmaker
4,235,638
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

This is very good information to share with prospective home buyers.

Jun 06, 2017 09:30 AM #3
Rainmaker
591,094
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Will Hamm, honestly some buyers just don't know that they can have representation on a fsbo or new build. -Kasey

Jun 06, 2017 09:48 AM #4
Rainmaker
591,094
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Thanks Grant Schneider. Buyers do well to have their own representation in a transaction. -Kasey

Jun 06, 2017 09:49 AM #5
Rainmaker
591,094
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Thank you for your comment Roy Kelley!

Jun 06, 2017 09:53 AM #6
Rainmaker
2,075,315
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Great post, Kasey. I actually have tri-fold brochures that cover some of these individual subjects which I hand out to prospective buyers. It's stuff they really don't often think about.

Jun 06, 2017 12:24 PM #7
Rainmaker
591,094
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Thanks Nina Hollander.  Sometimes even if we think that the buyers understand what we do and how we can represent them in all of these ways they may not realize it.  We had a recent experience with a past client (who bought a new construction spec home in fact) and who has referred people to us just tell us that they had been looking for vacant land on their own because they didn't realize we could help them buy vacant land and work with them on a custom build. We can and we do and it's important!  So now we are helping them with that. -Kasey

Jun 06, 2017 01:50 PM #8
Ambassador
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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Kasey and John- buyers don't realize it but they need a professional to guide them through the buying process.  They truly need someone who will work for them and put their interests first. 

Jun 06, 2017 03:43 PM #9
Ambassador
3,329,310
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

This is such a rich post for buyers to know why they need an agent on their side of the transaction. This post is evergreen.

Jun 06, 2017 06:44 PM #10
Rainmaker
591,094
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Kathy Streib it is very true - you know, even having been a real estate agent for over a decade I would hire a buyer's agent to represent us if I were to purchase in a market that is unfamiliar to me, even in Idaho where I am licensed.  I absolutely know the value and would want someone on my side. Thanks for your comment! -Kasey

Jun 07, 2017 06:21 PM #11
Rainmaker
591,094
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Thank you Debbie Reynolds I appreciate your comment! -Kasey

Jun 07, 2017 06:23 PM #12
Rainmaker
3,681,006
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I love the post. I hope home buyers will read it and learn from it.

Jun 09, 2017 04:19 AM #13
Rainmaker
591,094
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Thank you Gita Bantwal. Have a great Friday! -Kasey

Jun 09, 2017 09:40 AM #14
Rainmaker
3,915,929
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

Good morning, Kasey & John Boles every buyer and seller needs proper representation.... and a buyer's agent for a buyer thinking of buying a fsbo is even more important....that seller has no representation and this will be a scene from "the blind leading the blind"....

Jul 23, 2017 03:48 AM #15
Rainmaker
591,094
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Barbara Todaro thanks for the comment.  I enjoyed writing this post and I know it will be useful over and over again in the future explaining this to buyers. Hope you have agreat Sunday! -Kasey

Jul 23, 2017 08:24 AM #16
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