What Is a Real Estate Buying Agent?

A Real estate buying agent is an individual who represents the interests of home buyers and acts as their advocate throughout the entire purchase process. Their responsibilities include helping to find homes that meet your budget and needs, negotiating price and terms with sellers, assisting in the financing process, reviewing home inspection reports and deciphering legal paperwork that could be filled with complex jargon.

When choosing an agent to represent you, it’s important to interview them. Ask about their experience, how they typically communicate and their availability to work with you. You also need to know how they’re compensated. Most agents are paid either a flat fee or a percentage of the sale price of your new home. If they offer both, be sure to clarify which compensation method you prefer and if they will charge any additional fees like a transaction fee.

What to Look for in a Real Estate Buying Agent

A good buyer’s agent will also have a strong grasp of the local market and will be able to steer you toward properties that fit your budget and priorities. They’ll help you determine a fair asking price for the property and give their expert input on how to negotiate with the seller or even win a bidding war.

Buyer’s agents can also dig up facts on a neighborhood, including zoning laws and restrictions on short-term rentals, that you might not be aware of. They’ll set up tours of homes and work with a listing agent or owners (if a home is for sale by the owner) to schedule appointments.

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