Whether you’re purchasing your first home or you have bought and sold numerous homes over the years, working with an exclusive buyer’s agent can have a number of important advantages. For example, a professional real estate agent who exclusively works with buyers will have an excellent grasp of the local real estate market. This agent might even know of properties that have not yet been listed, but will soon be on the market. They’ll be able to guide their clients to the properties that best meet the buyer’s criteria.
Of course, in addition to bringing a wealth of knowledge regarding the North Shore real estate market, an exclusive buyer’s agent will also be able to provide other helpful information. They’ll have information regarding area schools, places of interest, shopping, entertainment and community amenities as well as excellent recommendations for a home inspector or other home services you might need.
There are definitely many real estate agents who will work with both home sellers and buyers; however, just because an agent works with a buyer does not mean they are an exclusive buyer’s agent. An agent that works exclusively with buyers will devote all of their time and energy to helping their clients find the best property that meets their budget and personal preferences.
An exclusive buyer’s agent will also be a valuable asset when it comes to understanding local property values, handling negotiations with the seller’s agent or walking you through the closing process. This type of agent is a professional who will exclusively represent the interests of their client, the buyer. When a property is listed with a real estate company, the seller will have a knowledgeable professional representing their side. Buyers should certainly have an agent working exclusively on their side as well.
Sources:
9 Red Flags to Watch for When Picking a Real Estate Agent, money.usnews.com
Do I Need a Real Estate Agent to Buy a Home?, time.com
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