Finding good deals on new homes for sale is about having the right knowledge of the local market and the ability to create a good relationship between buyer and seller. A home buyer also wants to work with an agent who has his or her best interests in mind. A buyer can benefit greatly from having an exclusive buyer’s agent who is primarily concerned with getting them the best deal possible.
There is inherently a conflict of interest when the same real estate agent tries to work with both the buyer and seller of a property. At the end of the day, this agent is likely to make more money if the property sells at a higher value. They have every incentive to up-sell the property and very little incentive to go out of their way to give the buyer a good deal. This means they are likely to paint any problems or issues in the best light and downplay them.
Most home buyers rely on their exclusive buyer’s agent to give them an unbiased opinion on the property and the asking price. The buyers can trust the agent to let them know if the price is inflated or if there are problems with the property the sellers may not be fully disclosing. Whereas a seller’s agent is more likely to talk up the price and explain why it is still a good value, the buyer’s agent can explain the price in terms of the surrounding market and the real value of the property.
Little to No Cost
Unless the seller is selling the home themselves, all agents involved in a home sale are generally paid out of the proceeds of that sale. In other words, the seller pays these fees. This is true even if an exclusive buyer’s agent isn’t really working for the seller.
It is common for real estate agents to represent both buyers and sellers. This is where an exclusive buyer’s agent really comes in handy. Exclusivity means the agent cannot represent both the buyer and the seller of the same home. This gives the buyer peace of mind that every property his agent shows him is purely for his benefit.
Keep these factors in mind as you search for your next home, and work with an exclusive buyer’s agent like Housing Solutions Real Estate LLC, to ensure that your wants and needs are prioritized.
Contact us if you’re in the market for any Upper Valley real estate. We only represent the best interest of the home buyer, 100% of the time.