There is so much involved in finding the perfect home that meets all your wants and needs. This is where a buying agent can be invaluable. But what does a buying agent actually look at? In this blog, we will discover the essential factors a buying agent looks out for during the buying process. Read on soon!
The importance of a buying agent
Before we get into what a buying agent looks for, let’s explain the importance of a buying agent. A buying agent is invaluable when buying a home. They have extensive knowledge of the real estate market and will help you determine a fair price.
With their network, you also get access to exclusive offers. They represent you and negotiate on your behalf so that you get the best deal. They also conduct inspections to avoid pitfalls and risks. In short, a buying agent offers expert advice and guidance, resulting in an informed purchase and peace of mind.
Wondering exactly how a buying agent works? Then also read our blog “How does a buying agent work?”
What exactly does a buying agent look at?
When a buying agent is involved in the process of buying a home, he or she pays attention to several important aspects. We list below the most important things a buying agent looks at:
Location and neighborhood: A buying agent assesses the location of the home and the quality of the neighborhood. Factors such as amenities, schools, public transportation and proximity to stores are considered.
Price analysis and market research: A buying agent conducts a thorough price analysis and market research to determine the correct value of the home. They compare similar sales and assess current market trends.
Architectural condition: A buying agent inspects the structural condition of the home. They look at possible defects, renovation needs and any hidden problems.
Legal aspects: A buying agent checks the legal aspects of the home, such as title deeds, easements, permits and any restrictions that may affect your purchase.
Negotiations: A buying agent has strong negotiating skills and will try to optimize the price and terms of the home on your behalf.
Condition of the home: In addition to the structural condition, a buying agent will pay attention to the overall condition of the home, including the condition of the floors, walls, roof, electricity, plumbing, etc.
Future Developments: A buying agent takes into account possible future developments in the area that may affect the value of the home, such as new construction projects or infrastructure changes.
Financial aspects: A buying agent advises on the financial aspects of the purchase, including mortgage options, taxes and possible subsidies.
Support during the purchase process: A purchase broker guides you step by step during the entire purchase process, from the search for a suitable home to the transfer at the notary.
These aspects illustrate the broad expertise and involvement of a buying agent in reviewing and guiding the buying process to ensure that you make an informed decision when buying your home.
Finding the right buying agent
Are you planning to use a buying agent? Then look for references, certifications and customer reviews. Look for certifications and memberships with recognized professional organizations. Research experience and expertise of the broker. Of course, it’s also important that the buying agent suits you, so pay attention to good communication and personal touch. In addition, discuss rates and contract terms. These tips will help you find a reliable buying agent that meets your needs.
Want to know more about finding the right buying agent? Then read our blog “How to choose/find a good buying agent?”. We’d love to tell you more about it!
You can also turn to VK Brokers for our buying broker service. We have experienced purchase brokers in Haarlem and surrounding areas. So if you are considering the purchase of a home, contact us with no obligation. Call or app appraiser Floris at 06-47470404 or floris@vkmakelaars.nl or just fill out this form. And who knows, we may be able to help you find and buy your dream home. In any case, we wish you the best of luck in finding your new buying agent!