There are several ways buyers can lose money when they buy a home even though they don’t pay the commission.
1. They don’t educate themselves to the process
2. They don’t explore their mortgage options
3. They don’t hire proper representation
Buyer Representation when buying a home is key! As you have heard me say, Your home is most likely your largest asset. So you need to chose an experienced expert realtor, one who is aggressive and will fight to get you the best price possible. There are so many inexperienced agents out there, you need to do your homework and find an agent who works exclusively with only a few buyers at a time. You want a realtor that will devote time to you and represent your needs. Many realtors will run all over showings homes to anyone who calls. They are only interested in making a sale, not in educating you, the buyer, on what is in your best interest.
When you hire a Buyer Representative they will sit down with you and review your needs, explain the process and how you will work together. Then they will send you homes for sale that meet your criteria. They will be on the look out constantly for something that fits your needs. When you are represented, there is someone to show you a home as soon as it comes on the market so you don't miss out! They are there to answer your calls. A buyer's agent is organized and walks you through each step so you understand what is coming next; therefore, alleviating some of the stress associated with purchasing a home. The bottom line is that they are a professional, experienced Realtor who always has your best interests in mind because their business is built on recommendations from other clients.
If you are in the market to purchase, contact The Swain Team for a free buyer consultation where we explain the process and give you advice based upon your needs.
If you have a real estate topic that you would like to learn more about, please contact The Swain Team – we are happy to help!
Carol Swain. A senior real estate specialist with 25+ years of experience in the real estate industry.