5 Benefits of Hiring a Buyer’s Agent When Searching for Your Dream Property
Whether it’s a dream vacation property or a place that you’ll want to call home forever, buying a house on Martha’s Vineyard is an exciting adventure. It’s can also be overwhelming. There are so many steps between the first time you set eyes on the property you want as your own and the day you sign on the dotted line.
What many home buyers don’t realize is that they don’t need to go through the process alone. There are real estate professionals that work for the buyer only, keeping their needs and best interests in mind while making the process of becoming a homeowner much easier. These professionals are called buyer’s agents, and here are five reasons why you should work with one when purchasing a property on Martha’s Vineyard.
Reason #1: Buyer Representation
Many buyers work directly with listing agents, feeling that they have a broad enough understanding of the market and available properties that they will be able to help them find their dream home. The only problem is that listing agents are middle players. It’s one of their responsibilities to connect buyers with homes, but they’re far more invested in protecting the seller’s interest.
Listing agents receive a commission based on the sale price of a property. This means that they’re going to try to get the best deal possible for the seller, not the buyer. A buyer’s agent only focus is on you, the buyer, which brings us to the next point.
Reason #2: Buyer’s Agents are Powerful Negotiators
Once you find the perfect property, you want to pay the best price for it. Listing agents are skilled in the art of price negotiation, but most buyers aren’t. This means that as a homebuyer, you’re placing your financial future in the hands of someone who isn’t entirely on your team.
A buyer’s agent is an individual who understands price negotiation and can advise you on the how to make the best offer, what the property’s negotiating factors are and help you get the best deal on your new home.
Reason 3: They Know What to Look For
When you’re looking for a property, you probably have a pretty good idea of what features you absolutely want. A buyer’s agent can not only help you find the right property, but also give you honest advice about a home that seems perfect from the outside but might not live up to your dreams further down the road.
There are so many small details that get past home buyers but are easily picked up by the skillful eye of a buyer’s agent.
Reason 4: They’re Prepared for the Hurdles
Very few home buying experiences go through without a hitch. From appraisals and inspections to drawn-out price negotiations, something is bound to occur to set back the process and leave the buyer discouraged. A buyer’s agent comes to you already prepared for the potential setbacks and is proactive in their approach to getting you through them as quickly and smoothly as possible.
Reason 5: You Have Nothing to Lose
During the buying/selling transaction, it is the responsibility of the seller to pay all fees and commissions. This includes the fee for your buyer’s agent. Personal representation, with zero investment? It doesn’t get any better than that.
When you’re ready to become part of the wonderful community on Martha’s Vineyard, we’re the buyer’s agents that will stand by your side. Contact Martha’s Vineyard Buyer Agents today to learn more.