First-time buyers: What exactly is a Buyer’s Agent?

man woman hand shakeOn the 9th we posted an article listing 5 reasons people still need real estate agents.  This post will focus on the role of a particular kind of agent—a buyer’s agent.  Most people, especially first-time buyers, don’t know that they can hire any agent they want.  Yes, you read that correctly.

Homeowners pay the realtors’ commissions.  Of course there are always special circumstances; however, in the majority of cases the fact is that the sellers pay the commission for the realtors on both sides of the transaction.  As a buyer you do not pay for the services of the realtor, which is great news because that gives you absolute freedom to choose whichever agent you prefer.  Some of you reading this may be wondering: but the home I want is listed by a specific agent, don’t I have to use that person?  No.  There is no rule stating you must use the agent who has listed the property.  Of course the agent who is representing the listing will have the most information about the property, but any agent can show you any property.

Listing agents are contractually obligated to the seller.  That’s not to say you shouldn’t choose the listing agent.  If you meet the listing agent at an open house and he/she is exactly the type of professional with whom you want to work, then definitely move forward with that agent.  Real estate is similar to dating: there are other options available if the connection just is not there.

The job of a buyer’s agent is to solely work for you and your wants/needs.  If you have always dreamt of having your own personal assistant (free of charge) this is your chance.  A buyer’s agent serves as your own personal agent searching for homes that meet your criteria and assertively negotiating prices on your behalf.

So now you are probably wondering which agent you should choose.  The answer: whichever one you want.

Not ready for an agent, but looking for a way to have listings sent to you periodically?  Sign up for a MyNothnagle account.  Then when you are ready for a buyer’s agent give us a call at 1-866-295-MOVE or click here.

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