Are you thinking about buying a home but don’t know where to start? Well first off you need an Agent who is there to protect you and who has your best interest at heart, that will help you secure your needs and dream home. There are so many pieces to purchasing a home and if you’re not careful it can cost you thousands of dollars.
Some of the Most Important Benefits of having a Buyers Agent
Buyer's Agent Fees
The standard fees or commisions in realestate varies, each state can have different rates. It also depends on the market conditions. On a sellers market commisions could be a lot more flexible than in a buyers market. In Florida 6% is the standard commision for the transaction, the industry likes to separate the commision as a 3% for the listing agent and a 3% for the buyers agent. Most consider, it is the seller who is paying the commision. The fact is that the commision is generated when the transaction takes place, and that is the term I’d prefer to establish.
Why You Need Representation when Buying a Home?
When a property is listed with a realtor, the homeowner enters into an agreement that obligates the agent on fiduciary relationship with the seller to represent his interests.
Today many apps online as Zillow o Realtor.com offer you the possibility of purchasing a home directly skipping the buyer agent. The way it is set up is very confusing, that is why, it is key to emphasize the importance of having someone representing your interests at the time of buying a home.
Buying a home is a very important event for everyone, whether it is your first home or a second home. You are putting your earnings and lifetime savings into a physical asset. The last thing you need is a headache or a bad investment, that is why having a professional by your side is so important.
Guidance through every Step of the Transaction
The job of a buyers agent is to listen to your needs and motives in order to properly guide you through out each phase of the homebuying process.
These are the different steps during the transaction:
- Starting with understanding your needs
- motive
- resources for purchasing, getting a loan or buying cash
- Provide Pre-Approval or proof of funds
- Finding the property that best suits you.
- evaluating the comparable market analysis
- going through the contingencies.
- presenting a competitive offer
- Then comes the closing stage
- which includes the escrow funds disbursement
- the title search and insurance
- hire an attorney
- closing cost
- renegotiate if needed
- remove contingencies
- inspection
- Final walk-trhu
Profesional suggestions
A real estate professional is mistakenly considered a commodity for many. And for many it is true, but this happens in every industry there is going to be unethical practices, that is why it is so important you do your own research before choosing someone. ‘
Try to hire someone who is focused on making you well informed through out the process and someone who puts your needs and interests above their own.
We are here to be your support system and life long friend even after we give you the keys to your new home. Reach out and let us help you on your way to a homeownership. Do not forget! “Much of our successes get lost for the lack of a little more”. Beatrice Ponce at WhyKeyBiscayne.com
