Do you need an agent to buy a house? Whether you’re a first-time homebuyer or a seasoned investor, working with a buyer agent is imperative in navigating the complexities of today’s real estate environment.
The NAR settlement, with its focus on transparency and increasing competition, shines a light on the need for buyers to have a knowledgeable advocate in their corner. But what do you actually receive in return for a buyer agent commission?
Expert Guidance: In resort markets, like Summit County, having access to a local real estate agent with knowledge of different rules, restrictions, neighborhoods, and pros and cons of each property is paramount to your success. From interpreting commission structures to navigating competitive markets, a skilled buyer agent is an invaluable resource.
Negotiation Power: In a market where competition is fierce, having a skilled negotiator on your side is essential. Having lived in Summit County for over a decade, I cannot overstate the importance of building strong relationships and having a local presence. A local buyer agent can help position your offer in such a way to secure the best possible terms and pricing for your property purchase.
Navigating Complexities: Real estate transactions are complex, with legal and financial intricacies that require attention to detail. A buyer agent is well-versed in navigating these complexities, from making sure documents are delivered in a timely manner, to protecting the buyer’s earnest money with advantageous dates and deadlines, a professional advisor is worth their weight in gold.
Advocacy and Support: Beyond transactional aspects, a buyer agent serves as your advocate and advisor throughout the buying process. They prioritize your best interests, provide guidance and support, and address any concerns or questions you may have along the way. Knowing the ins and outs of how business is done in a resort market like Summit County, and having the knowledge to correctly position a buyer’s offer in the best light to get accepted with favorable terms, is invaluable.
In today’s dynamic real estate market, with sweeping headlines that confuse consumers and sow distrust in real estate agents, it is more important than ever to work with a LOCAL buyer’s agent, that has a local presence, and can explain to you in detail the value that they provide.