Why Work with A Buyer’s Agent When Purchasing a Resale Property?
Working with a buyer’s agent means their job is to get you from Point A (Would-be Buyer) to Point B (Happy Home Owner).
Buyer's Agent will assist you to achieve the best outcome possible.
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Here are a few reasons to consider working with a buyer’s agent who is committed to your best interests.
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Perform Extra Due Diligence on the Property
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A full investigation on the property: such as going into the dreaded basement, looking for faulty plumbing and electrical work and recommending and referring you to outside professionals as necessary
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Asking the important questions: Any waterproofing work is complete in the basement due to water issues? Has the house previously been treated for termites? Were the renovations completed with permits and according to the Ontario Fire Code? Are there any issues with the neighbours?
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Finding out about the ongoing costs of the property. Such as hydro, heat, water, condo fees, and home insurance premium rates
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Understand the current local market conditions
One of the Buyer Agent’s most important jobs is to make sure you don’t buy the WRONG house.
2.Help You Find Your Home
In today’s digital world, buyers are often identifying homes they are interested in themselves. This does not mean that a Buyer Agent does not play an important role in locating homes. Sometimes this means introducing the perfect home that was overlooked because it did not fit the search criteria, including the neighborhood and budget range.
Often, what you think you want when you begin the home search is often not what you decide to buy in the end.
3.Represent You and Negotiate Best Price and Contact Terms
A Buyer Agent’s job is to work in the best interest of the Buyer. Providing absolute representation in the negotiating price phase is critical in getting the lowest possible price for the property with the best possible terms for the Buyer.
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The Buyer Agent will look at the price history of the comparable homes you are interested within the same neighbourhood and relative to what is currently happening in the market. They will share knowledge and guide you accordingly on the differences between homes that will affect the value of the property including lot sizes, the number of bedrooms and bathrooms, finishes, and location.
Also, the Buyer Agent will protect your best interest that is favourable to you by making your offer conditional on, for example, performing a home inspection or obtaining satisfactory financing.
4.Continuous Guidance Throughout the Buying Process and Beyond
• An experienced agent will act as your advocate and help you determine your needs and priorities
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• Setting expectations and reducing financial surprises by assisting you determine the approximate full costs of buying a property and the on-going costs of owning it – click here for Closing Cost
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• Recognize “potential” in a home and suggest ways you can increase the value of your home
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• Providing experienced advice explaining forms and agreements when making an offer
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• Arranging property showings to connecting you with other professionals
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• One-stop-shop, and connect you with the best lawyers, lenders, home inspectors, and contractors
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• Most importantly, the Buyer Agent will continuously be an ongoing resource well after you own the home and enjoy homeownership
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