These days, using a buying agent is definitely not a luxury. I’m sure it hasn’t escaped your notice that recently, home prices have been rising, more homes are being sold, and the supply is dwindling. Then once you’ve found your dream home, you certainly don’t want to risk the house going to another buyer. You may also be blinded by the love of the dream home. The chances are then very high that you will overlook important issues.
However, there are many other important benefits to using a buying agent that you probably don’t know about yet. So read through this article, and the 10 benefits of using a buying agent will quickly become clear to you.
Here are the 10 benefits if you have a buying agent:
- You often get a better viewing spot. Many brokers reserve all first viewing spots only for viewers with a buying agent.
- You are much less likely to overlook construction problems. NVM and VBO affiliated purchase brokers should have architectural knowledge and be able to identify architectural problems.
- The buying agent is supposed to analyze all the documentation that comes with the home and scan it for problems or threats. Consider soil contamination, illegal renovations, chain clauses, easements, qualitative clauses, construction details, etc.
- The buying agent “appraises” each home you will bid on. That is, the buying agent of the home you want to bid on is going to search his home database for recently sold comparable homes and from there, he’s going to add pluses and minuses to estimate the true realistic market value of the home. This is something you just can’t do as a non-real estate agent simply because you don’t have the historical housing data.
- Purchase brokers simply get a lot more strategic information loose from selling brokers. That strategic information is crucial to start bidding in the smartest and most targeted way possible.
- Through the buying agent, you can get homes emailed to you earlier than they are on Funda.
- The buying agent has no emotion with the home. You and/or your partner probably do. And you should, because you have to fall in love with a property to want to live there. But love also makes one blind. The buying agent is not in love and stays sharp.
- A good buying agent acts as a kind of project manager between you, the mortgage broker, the selling party, the appraiser, the building inspector and the notary. This is his profession and he does this every day. Mistakes or forgotten tasks are very expensive when you have bought a house. The buying agent (again, a good purchase broker) prevents costly mistakes.
- If problems do arise after a sale, NVM or VBO affiliated purchase brokers have a team of real estate lawyers from whom they always receive free support and advice. We also make incredible use of this as a buying agent. In addition, the buying agent is there for you even after the transfer to help resolve any problems. So you are not in your cold clothes.
- The network that the buying agent has is really very important. First and foremost among the brokers among themselves where just a whole lot of important information is shared, gunning can be and reputation to be upheld (a sales broker knows you shouldn’t mess it up with that buying broker because they need each other). In addition, the network that the buying agent has among appraisers, builders, maintenance companies, mortgage brokers, notaries and so on is incredibly nice, because you as a client just hitch a full ride on that.
These were the main 10 benefits of a buying agent you need to know. Engaging an NVM buying agent is an investment, but well worth it. You can save thousands of dollars on the purchase through a buying agent. Bad negotiations or hidden defects can cost a lot of money; the buying agent prevents these issues.
Besides saving yourself a lot of time and energy, a buying agent will give you a better chance of purchasing your dream home. If desired, you can also engage us as a buying agent if necessary. If you still have questions or doubts, feel free to contact us. We are happy to help you!